Business Management

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Business Management 

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Risk Management

Risk Management

Duration (Days)

3

Overview
  • Understand risk management and its application and context within an organization

  • Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization.

Objectives
  • Understand risk management and its application and context within an organization

  • Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization.

Course Outline
  • Strategy – the foundation of the businessRisk and uncertainty

  • Risk aversion and risk tolerance

  • The principal drivers of risk in contemporary business

  • The most significant categories of risk for business

  • Global processes, guidelines and standards in risk assessment

  • Optimizing a risk management process

  • Contingency planning and calculating risk exposure

  • Managing complexity in global supply chains

  • Managing risk associated with alliances and joint ventures

  • Risks associated with intellectual property law

  • Product liability/litigation/reputation risk

  • New developments in the field of risk management

  • A structured approach to implementing risk management

  • Case example of best practice and group discussion of its applicability

  • Designing/developing a risk management process

  • Implementing and embedding a risk management culture