Price: $1,699.00

Course Number: 1022
Length: 2 Days
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Risk Management Training

Risk management encompasses the identification, analysis, and response to risk factors that form part of the life of a business.

Effective risk management means attempting to control, as much as possible, future outcomes by acting proactively rather than reactively. Therefore, effective risk management offers the potential to reduce both the possibility of a risk occurring and its potential impact.

Some of the most prominent operational risks facing organizations relate to compliance and include:

  • Pandemic related policy and regulation on business performance
  • Inability to deal with cyber threats
  • Complying with data privacy laws
  • Regulatory change and scrutiny on operational resilience, products and services

Of course there also dozens of potential external risks such as economic conditions, leadership succession challenges and ability to attract and retain top talent, adoption of new technologies requiring new skills in short supply, and resistance to cultural changes may restrict the need to make necessary adjustments to the business model and core operations.

The importance of risk management to an organization is indispensable.

Without some kind of risk management strategy, an organization cannot possibly define its objectives for the future. If a company defines objectives without taking the risks into consideration, chances are that they will lose direction once any of these risks hit home.

All businesses and nonprofit organizations face the risk of unexpected incidents such as a natural disaster, loss of funds through theft, or injury to staff, customers or visitors on their premises. Any of these events can cost your business money and potentially cause a permanent closure.

A risk management plan can help you prepare for the unexpected and protect your business from long-term damage.

Most organizations find that the best way to handle risk management is to create a risk management plan document that details the organization’s risk management process.

For example, the stakeholders of a business or organization can proactively identify and evaluate the impact of all potential risks to their business, and plan accordingly for each risk. Once procedures are created, the staff is trained regularly to help avoid or minimize the impact of each risk, and at the very least, help cope with its impact.

Three types of business risks should be considered when composing a risk management plan: hazard, business and strategic.

Analyzing risk is hard. It often seems like there is never enough information you can gather. Of course, a lot of that data is complex, but most industries have best practices, which can help you with your analysis. There is no one best way to analyze risk, but a combination qualitative and quantitative approaches is a good start. Risk factors are often determined by now the risk impacts your project across a variety of metrics.

Risk Management Training Course by Tonex

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.

This Course Will Help:

  • Broaden your perspective to better understand your organization’s vulnerabilities and protect it from disruptive events.
  • Gain the strategic mindset to capitalize on new opportunities that occur as a result of a crisis.
  • Cultivate a resilient organization in times of uncertainty and change.
  • Gain effective communication and messaging frameworks when your organization’s reputation is on the line.

Who Should Attend

This is an excellent course for industry and organizational executives such as senior executives, C-suite executives, entrepreneurs and board of directors who want to get a better handle on risk management. This program is designed for a range of senior leaders who are responsible for making high-stakes decisions to protect, prepare, or move their organization ahead.

Participants should be familiar with finance and corporate strategy.


Risk Management Training


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



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


Risk Management Training

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