Course 1022: Risk Management

Risk management is a critical area in corporate investment and finance. This course covers framework, methods, and practice risk management across industries through real case studies. Concise and comprehensive, it covers both the theoretical underpinnings of risk management, as well as practical techniques for coping with financial challenges.

Upon completion of this course, the attendees will

• Gain an in-depth understanding of risk management in the corporate environment.
• Understand risk management and how it applies to project management
• Understand financial risk management
• Understand credit risk management
• Explore strategic risk management
• Analyze corporate risk strategy
• Quantify the risks involved in your business and avoid potential pitfalls
• Apply value-at-risk measurement techniques
• Understand the risk of accounting irregularities and how they impact your company
• Identify and address credit risks within your business
• Evaluate new business opportunities
• Identify the risks associated with long-term contracts

Content

Part I: Introduction

• The Risk Management Problem Evaluation and Review of Risk Management Programs
• Risk Identification
• Risk Control: General Considerations
• Regulation
• Risk Financing: Captive Insurers
• Managing Crime Risks: Risk Control
• Managing Transit Risks: Risk Control

Part II: Risk Finance

• Managing International Risks
• Managing Employee Benefits: Health Expense Coverage
• Managing Employee Benefits: Qualified Retirement Plans
• Risk Management: Framework, Methods, and Practice
• Why Manage Risk?
• The Theoretical Underpinnings of Risk Management
• Measuring Risk
• Credit Risk.
• Managing Risk.

Part III: Project management risk

• What is project management risk?
• Benefits of project risk management
• Constraints
• Uncertainties
• Risk assessment
• Risk control
• Risk assessment
• Identifying risks
• Types of risks
• Financial
• Technological
• Schedule
• Other
• Workshop: Identifying project risks
• Sources of information
• Interviews
• Lessons learned
• Work breakdown structures
• Critical path analysis
• Assessing risks
• Assessing the likelihood
• Assessing the impact
• When to assess project risk
• Prioritizing risks
• Categorizing risks
• Workshop: Assessing and prioritizing risks

Part IV: Risk control

• Risk control strategies
• Avoidance
• Mitigation
• Reduction
• Acceptance
• Contingency planning
• Budget
• Schedule
• Scope
• Assessing the cost of risk control strategies
• Workshop: Developing effective risk control strategies
• Measuring the effectiveness of risk control strategies