- Managers, senior management and any decision-maker from all industry sectors and managent involved in broader managerial issues at both the operational and strategic levels.
- This course is also ideal for those who are concerned with the challenge of making important decisions in a very volatile and complex business environment and need to understand how to optimise the risk / value creation process within their organisation and ensure its long-term growth and success.
2 Days
Click on the selected date to apply now or download registration form to apply later.
Intake 01
22 - 23 Jul 09
Intake 02
07 -08 OCt 09
Download Form
S$1,375 (Inclusive of GST)
NUS Extension (#12-01 Park Mall)
CCM2 - Risk Mapping for strategic, Financial & Operational Risk Decision Planning
Synopsis
Modern Organisations are now confronted with increased volatility and complexity in today's global business environment. The interaction of many forces - social, cultural, political, financial, environmental, and legal - form both an internal and external landscape or topography of the organisation which defies easy definition. All decisions involve a degree of uncertainty and there are tremendous risks inherent in most key issues facing leaders/managers today at they strive to lead their organisation toward sustainable growth and profitablity.
The key question is: "How can I gain a broad perspective that allows me to confidently make major decisions confidently maintaining proper balance between opportunity and risk?”
A lot of companies will tell you that they are fully aware of their critical risks. Unfortunately experience has shown that this is not the case. In fact, a lot of corporate failures are the results of risks that were not identified and hence not properly taken into account and managed because they were not ‘visible' enough.
What if your company's major business risks, obstacles to strategic objectives, and vulnerabilities could be depicted on one or two pages in a concise manner for review of executive management and members of the board? What if a few additional pages could communicate details of these risks, as well as specific actions to mitigate or eliminate them, time frames for implementation, measurements of success, and the management executive responsible for successful implementation?
What if you were assigned the responsibility of developing this information and presenting it to the senior management or the board within the next 30 days?
The company that manages its risks more efficiently than its rivals has a distinct competitive advantage. A risk map/risk profile is an effective solution for risk decision-making. This module workshop will introduce you to risk mapping, highlights the benefits, summarizes one method of developing risk maps, and describes several applications, some pretty unconventional, for risk mapping in an organisation.
Course Outline
- Discover the nature of an organisation as a complex system. Understand how risks interact with the system
- Understand how risks affect and uncertainty affect Decision-making the value creation process
- Effective methodologies and tools for identification and analysis of risks across an enterprise
- Analysis the relationship between risk perception and reality
- What are the methods of analysis (Statistical analysis, decision trees, fault trees and event trees, scenario simulation and analysis, game theory, dephli, voting methods, etc.)
- Dimension of Risks: Level of risk, uncertainty, variability, time horizon, etc
- “Linear” vs "Systems thinking" approach to risk management
- Utilize a comprehensive risk mapping tool kit
- Understand your business objectives and environment: Defining the key risks/opportunities
- Principles and steps of Risk portfolio profiling and mapping
- Consequence and likelihood tables & Risk Maps. Tolerable risk and Risk Appetite
- Risk Register and documentation of the analysis
Key Take-away
- Learn from real case studies and take part in risk simulation exercise
- Develop Checklists, how-to procedures/reminders and templates
- Learn Business Model Mapping
- Get Risk Perception Mapping tools
- Learn the Risk Tree analysis method
- Develop a MonteCarlo Simulation model on Excel
- Get a comprehensive Risk Register
- And Many More
