CPRP Course List


CCM2 - Risk Assessment & Diagnostic:

Risk Assessment Methodologies for Corporate Risk Mapping for Strategic & Operational Planning

Survey Result:
According to a 2011 KPMG Survey, “Risk Assessments are often conducted after the decision has been made” and to make things worse “50% the Assessments cover a time horizon of less than 1 year.“


Introduction
Modern Organisations have now to operate in global business environment fraught with exponentially increasing volatility and complexity. The interaction of many forces - social, cultural, political, financial, environmental, and legal - forms a landscape or topography of the organization and its value chain, which defies easy definition. There are risks regardless of whatever path and activities are pursued. The key question is: "How can I make confidently major decisions in a way that optimize the balance between opportunity and risk?” To answer that question, you will need to build a risk mapping and profiling model that relates clearly organizational performance with risk management.

This workshop will teach you well-established risk assessment methodologies such as RCSA and will also introduce the Enterprise Value and Risk (EVRA) mapping model. It will summarize the various methods of identifying, analysis risks and developing risk maps, highlight the benefits/limitations, and describes several applications, some pretty unconventional, for risk mapping in an organisation. Risk Mapping will enables top management to view the corporation holistically and systematically and at the same time focus on what really matters, the risks associated with the key sources of competitive advantage of your organization.

Learning Objectives: How you will Benefit

After attending this session, you should be able to:

  • Establish a rigorous process with regards to consideration of risks and tradeoffs between risk and returns within your organization
  • Build a better Risks identification process (Surveys/Interviews/workshops) so that no key threats/opportunities to your organizations are missed.
  • Make threats and opportunities more visible and measurable so that they can be managed effectively and support effective Decision-making.
  • Help to understand how to ensure the right focus for your Risk Management effort in your organization.
  • Effectively allocate and using scarce resources to prioritized risk issues.
  • Improve trust and confidence in the organization from your stakeholders through continuous engagement process building the foundation for successful ERM implementation.

Workshop Outline: What you will cover
  • Introduction to Risk Assessment under the ERM Framework
    1. Assessment for Strategic, Operational, Financial and Hazard Risk Isssues
    2. How and when to integrate a Risk Assessment in corporate planning and normal operational decision-making processes.
    3. How to Conduct Risk Assessment Surveys, Interviews & Workshops
  • The RCSA – Risks & Controls Self-Assessment Methodology recommended by ISO
    • The Risk Assessment Process under RCSA
    • Analysing the Risk Profile with the Risk Matrix and Heat Maps
    • Defining the Key Risks List & Documenting the Risk Register
    • Advantages & Limitations of RCSA
  • Beyond the Box: ARiMI EVRA – Enterprise Value Risk Assessment
    • The Risk Identification Process under EVRA (CCS and the Risk Tree) from Business Model to Operations
    • How and when to use Qualitative and/or Quantitative approaches for Risk Analysis
    • How to Assess ‘tail’ risks i.e.Black Swans & Transformational Opportunties
    • Buidling a Dynamic Risks/Opportunities Dashboard

    •  

    Tool box

  • Risk Questionaire for Survey and semi-guided Interviews
  • Example of Risk Assessment Checklist
  • Risk Assessment Models & Scorecards
  • Risk Assessment Guide

    •  

    Testimonials

    “An eye-opener.. I have been to many Risk Assessment workshop and for the first time, I learn a systematic and practical methodology that really do the job..”. Corporate Strategy Manager, Manufacturing firm



CCM3 - Risk Identification & Measurement Techniques:

Manager's Toolbox for Effective Risk Identification, Measurement & Analysis Techniques using EXCEL

Introduction
Most managers are concerned with the challenge of making important decisions in a very volatile and complex business environment where a wrong decision could lead to disastrous results. Many managerial decisions on business and operational issues must rely on forecasting some uncertain variables. For example a company planning to develop a new product must be forecast customer demand so that it can produce and stock appropriate quantities to support sales. It must also forecast the risk of liabilities due to defects associated with those products to evaluate contingency financing needs and other risk mitigating techniques cost benefits balance. Managers need to understand how risk will influence their ability to deliver positive results and be successful in their organizations. Unfortunately, formal mathematical techniques are often not used due to a lack of knowledge and adequate training. As a result, companies are faced with problems created by inadequate forecasting or guesswork at every level of management.

This workshop provides managers with an understanding of tools and techniques necessary to create forecasts and develop simulations taking the guesswork out of the decision process. This workshop offers an overview of the essential tools of statistical analysis used in the quantitative analysis necessary for the effective assessment and management of risk. When properly mastered, these tools can be used in many practical work situations to support strategic and operational decision-making dramatically improving your performance as an effective Decision-maker.

Learning Objectives: How you will Benefit

  • Use Statistical Forecasting is a way to predict the future based on current or past data available
  • Design Decision trees, fault trees and event trees as visual representations of the decision process with cause and effect links
  • Gain insights into modeling random variables using Delphi or Monte Carlo to obtain a statistical breakdown of the possible outcomes based on polled expert assessment or on a simulation model
  • Use Sensitivity Analysis to show how each variable affects the Desired Outcome
  • Use System diagrams to understand how variable interact in complex systems
  • And have applied these tools to real-world situations for effective risk decision-making.


Workshop Outline: What you will cover

  • Undertstanding Decision-Making Processes
    1. An overview of Decision-Making Theory under Uncertainty
    2. Structuring the elements of a decision
  • Using Descriptive Statistics to analyze risk issues
  • Risk Forecasting Methods to predict future outcomes
    • Using Regression analysis to predict future outcomes
    • Introduction of probability and Development of Probability Distributions
    • Using Scatter plots to examine Relationships between random variables
    • Using Pareto analysis to identify the key risk issues
  • Using Scenario Analysis to understand decision processes, identify variables and cause & effects relationships
    • Decisions Trees, Fault trees and event trees
    • Sensitivity Analysis
  • Obtain a breakdown of the possible outcomes to ‘create’ a rpobability Distribution for decision-making
    • Delphi Method
    • Monte Carlo Simulation

Testimonials

“Very practical, very useful.. I can use the tools learned immediately in my work.” Technology Director, IT Company


RMC2 - Embedding ERM - Risk Ethics & Corporate Culture

Making ERM Part of Your Corporate Culture DNA to Create the conditions for Effective Risk Information Sharing & Decision-Making

 

Survey Result: According to a recent KPMG Survey, “51% of Companies surveyed had implemented an ERM program and an additional 27% were planning to do so with the next 3 years. However most organizations where ERM had been implemented reported tremendous challenges to make ERM work for them.“

Introduction
While most organizations recognize the need for better risk management systems and practices, when embarking on the ERM Journey, they are rightfully concerned with the scope and purpose of an initiative as expansive and comprehensive as a full Enterprise Risk Management program development and implementation and are challenged by the apparent ambiguity of its business case. They will struggle to define what ERM actually is and how they can implement it in a way that can benefit their specific circumstances.

This workshop provide a comprehensive Framework to design an ERM System & Policies adapted to Your Organization’s business needs and Maturity allowing you to address business issues, stakeholders concerns and new regulatory requirements in a world confronted with unprecedented level of uncertainty in an efficient and integrated manner. ERM can yield tremendous potential competitive advantage for an organization through an integrated, enterprise-wide perspective on its risk profile aligned with its business model.

 

Learning Objectives: How you will benefit

  • Learn about COSO and ISO 31000, and other popular methodologies and frameworks applicable to the management of risk in organizations
  • Learn why there has been such a strong development of regulatory frameworks applicable to the management of risk in organizations
  • What are the key drivers for adopting ERM and how it is currently being applied by organizations
  • Identify the keys challenges organizations face in Designing and integrating ERM into their system and processes
  • Find out how to customize ERM to align effectively with the Business Model of your organization
  • How to connect ERM and the Performance Management system of your organization

    • Workshop Outline: What you will cover
  • Enterprsie wide Risk management – A Compliance requirement or a Business Imperative
  • Risk Management Failures - ERM: A Rules or a Values based approach
  • ERM and Regulations – The spirit or the letter of the Law
  • Risk Management Frameworks – One size fits all or customization
  • Risk Management Governance – Culture and systems
  • Risk Management Organization and Processes – Who is doing what and How?
  • ERM – Connecting Risk & Opportunity, A Strategic Value Creating Undertaking

 

Toolbox: A Case Study

A hypothetical listed company will be used as a case study to work through the issues of developing a modern Risk Management Governance Framework and Organisation, in particular, developing:

    • Board and SMT Commitment to Risk Management
    • Risk Management Framework and Policy
    • Risk Appetite and Tolerances
    • Risk Treatment strategies and implementation issues
    • Risk Reporting - Key Risk Indicators


Testimonials

“This workshop gave the roadmap that allowed me to be the driver’s seat and customize ERM to the real practical needs of my organization”. Director, Risk management, Mining Company

 

EKM2 - Corporate Strategy & Risk Appetite:

Effective Framework to Define the Risk Appetite & Risk Tolerance of Your Organization to Support Strategy Planning and Execution

 

Introduction
What is your business’s appetite for risk? Are its current risks a comfortable fit or is the business taking one risk too many? This workshop will help you help you understand, define and communicate your business’s appetite for risk. By removing the need to rely on ‘gut feel’ we can help managers make sound decisions on the risks your business retains, those it reduces through strategic or operational change, and those it transfers.

 

Learning Objectives: How you will benefit

  • Understanding the Relationship between Risk and Return
  • Make better informed business decisions about potential Opportunity
  • Strike the optimal balance between daring and prudence.
  • Develop a business culture with a high awareness of risk and effectiveness in Risk-Taking
  • Understand the level exposure of your economic capital
  • Identify and manage on the risks that exceed the defined appetite for risk

    Workshop Outline: What you will cover
  • What is Risk Appetite? Can you articulate your organization’s risk appetite?
  • Risk & Capital: How do we determine how much capital we need?
  • Risk appetite: What are our most profitable risks?
  • Does this accord with the stakeholders’ views of risk?
  • Is new business generation moving towards our desired risk profile or away from it? In other words are our risks “on strategy”?
  • Where are our risk concentrations today? Why are they critical to our strategy?
  • Capturing experts’ opinions of loss severities and frequencies
  • Calculating statistics for individual loss scenarios
  • And the total losses an organisation could sustain as a result
  • Setting the Risk Appetite and tolerance level

 

Toolbox

  • Take part in a business disruption simulation exercise
  • Develop Checklists
  • How-to procedures/reminders and templates sample


Testimonials

“I had been looking for a long time for a workshop like this one. The methodology covered during the workshop is both practical and well grounded. It makes the connection between coporate performance and rik management very obvious.” Director, Corporate Planning, Media group


EKM3 - Project risk management:

Drive Projects Successfully with Risk Management

 

Survey Result:

“32% of all projects succeeding which are delivered on time, on budget, with required features and functions

44% were challenged which means they were delivered late, over budget, and/or with less than the required features and functions

and 24% failed which are cancelled prior to completion or delivered and never used.

In all 66% of all Projects Implementations failed to achieve their objectives”

CHAOS Report, Standish group 2009

 

Introduction

Project completions statistic are sobering, most projects will not achieve their objectives. Unfortunately risk management is too often not a priority for many projects managers and their sponsors. Many project managers have unfortunately discovered that neglecting project risks will adversely impact project schedule, cost and resources commitment.

This information-packed workshop will introduce you to the fundamentals of project risk management. Project risk management is the discipline of organizing and managing limited resources considering internal and external risks/constraints in a way that the project is completed effectively and achieves its objectives. You will learn how to establish and implement a structured approach to forecast, monitor and mitigate project risk factors for projects, large and small. You will also learn how you can communicate effectively and share the responsibility of managing the project risks with your team members, customers and management. This workshop is intended specifically for project managers or anybody who as part of his or her job as to manage or oversee projects.

 

Learning Objectives: How you will benefit

  • Understand what is Project Risks, the diference with ERM and how a rigorous Project Risk Management process can create value.
  • Build a better identification process so that the sources of uncertainty that affect program or project success are not be going to be missed.
  • Make threats and opportunities more visible and measurable so that they can be managed effectively.
  • Model and predict the range of project or program outcomes when uncertainty is accounted for
  • Effectively allocate and using scarce resources to prioritized project risk issues.
  • Formulate effective handling and decision-making strategies to control the effects of uncertainty
  • Improve trust and confidence in the project from your stakeholders through continuous engagement process. 

    Workshop Outline: What you will cover
  • Why we need Projects Risk Management?
  • What are Project Risks? Type of projects and related risks?
  • Project Risk Management Framework & Ressource Planning
  • Project Assessment & PRM Process – Identification, quantification & Analysis of Project Risks
  • Treatment of Project Risks: Developing Risk Responses and Contingency Plans
  • Developing Effective Risk Montoring & Control Procedures to detect and deal with problems before it is too late

 

Toolbox

  • Learn from interactive case studies
  • Develop project risk evaluation scorecards
  • Risk register for Project risks
  • Template for Project Risk Management response
  • And more..


Testimonials

“This workshop help to avoid critical mistakes on 2 of my most recent projects, the benefit gained was invaluable”. Project Manager, Consulting group