- Executives and managers from all industrial sectors and business functions responsible for protecting the tangible and intangible assets of their organisations.
- Business leaders, general managers, insurance and other risk professionals will also find the content of the workshop most relevant to their work.
1 Days
Click on the selected date to apply now or download registration form to apply later.
Intake 01
24 Jul 09
Intake 02
09 OCt 09
Download Form
S$835 (Inclusive of GST)
NUS Extension (#12-01 Park Mall)
CCM3 - Build Resilient Risk Systems & Use Effective Solutions to Protect your Organization against Risk
Synopsis
In today's global and volatile Risks are waiting to happen. It is the nature of life. And when they do, we should be prepared to minimise their adverse impacts and possibly leverage on the opportunities they create. These accidents could be a major fire, a change of regulation, a chemical spillage, the entry of a new competitor, an explosion or a fraud committed by a senior manager. Whether you are working for a commercial corporation or not-for-profit organisation, all entities have a business, legal and often moral responsibilities to deal with risks in an effective and appropriate manner.
Besides protecting physical assets and human lives, organisations are becoming more concerned about protecting intangible assets as well. Intangible assets include intellectual property, product brands and corporate reputation.
This workshop provides an understanding on the types of losses an organisation is exposed to. Participants will learn the Key Risk Controls and Risk Financing Techniques to Protect Your Tangible and Intangible Assets. How and when to select and apply the right risk control measures? Typical mistakes and selecting and implementing less effective control measures. Importance of understanding the concept of acceptable risk / risk tolerance. How and when to apply risk financing techniques? How to analyze carefully the pros and cons associated with the financing techniques of transfer, retention and insurance.
This Workshop will guide you through a wide range of risk management strategies/interventions, explains how they work, and suggests when they are most appropriate.
Course Outline
- Understanding your tangible and intangible assets
- Major causes of loss affecting property, people, reputation, etc
- Major categories of losses/opportunities ie. Strategic, operational, financial, etc
- How to organise the systematic management of the triggers/factors that give rise to risk
- What are the techniques to prevent and/or reduce the impact of losses and when to use them effectively?
- How to increase performance by optimising the risk/return balance with proper capital allocation
- When and how to prepare for crisis with appropriate contingency management
- Effective methods of risk financing to ensure the firm is able to bear the financial consequences of loss events
