Cambridge
Academy
In London
Course Description
Course Duration: Five Training Days
Course Language: Arabic or English
Include:
Scientific material with TAB
Workshops
Reception and farewell at the airport
Daily lunch
Coffee Break
Introduction:
The Comprehensive Risk Management and Corporate Governance! In today's rapidly evolving business landscape, navigating uncertainty and harnessing opportunity have become the cornerstones of success. This transformative training course is your gateway to mastering the art of managing risks, enhancing operational resilience, and steering organizations toward sustainable growth.
Imagine having the power to decipher the complex web of risks that surround us – from financial intricacies to technological vulnerabilities, from strategic uncertainties to the ever-present human element. This course isn't just about learning; it's about empowerment. It's about arming yourself with the knowledge and strategies needed to transform challenges into stepping stones and risks into rewards.
Join us on a journey that transcends traditional training. Through meticulously crafted modules, we will dive deep into the realms of risk governance, operational resilience, reliability technology, and corporate governance. From understanding the nuances of risk indicators to embedding risk management in the DNA of your organization, from deciphering the intricacies of internal control to harnessing the power of corporate governance, this course is your compass in the sea of modern business complexities.
Targeted Groups:
Risk Management Professionals.
Operational Leaders and Managers.
Finance and Compliance Professionals.
Technical and Engineering Experts.
Corporate Governance Practitioners.
Project Managers.
Course Objectives:
At the end of this course the participants will be able to:
Understand risk governance principles and integrate key risk indicators effectively.
Perform qualitative and quantitative risk analysis.
Implement risk control measures and conduct comprehensive risk reviews.
Grasp the Three Lines of Defense model and excel in risk documentation and reporting.
Apply project risk management techniques.
Foster a risk-aware culture and communicate risk vision.
Integrate risk management into operations using web-based tools.
Enhance reliability through failure prevention and maintenance strategies.
Evaluate corporate governance's impact and navigate evolving practices.
Implement effective internal control procedures in changing environments.
Targeted Competencies:
Risk Management Expertise: Develop a deep understanding of risk management principles, methodologies, and best practices to effectively identify, assess, and mitigate risks.
Operational Resilience: Gain the skills to embed risk management into daily operations, fostering resilience and adaptability in the face of uncertainties.
Quantitative and Qualitative Analysis: Acquire proficiency in both quantitative and qualitative approaches to risk analysis, enabling informed decision-making.
Strategic Risk Control: Implement actionable risk control measures to minimize potential risks and capitalize on opportunities for strategic growth.
Governance and Oversight: Grasp the concepts of risk governance and the Three Lines of Defense model for effective risk oversight and reporting.
Project Risk Management: Apply project-specific risk management strategies to ensure successful project planning and execution.
Communication and Vision: Develop the ability to communicate risk management strategies clearly and instill a risk-aware culture across the organization.
Reliability and Maintenance: Learn strategies for enhancing reliability and preventing failures through effective maintenance practices.
Corporate Governance Acumen: Understand the dynamics of corporate governance and its impact on organizational success and sustainability.
Internal Control Implementation: Gain practical skills in implementing internal control procedures to ensure compliance and manage risks.
Course Content:
Unit 1: Risk Governance:
Understanding Risk Management Frameworks
Importance of Risk Controls
Role of Key Risk Indicators (KRIs)
Differentiating Qualitative and Quantitative Risk Analysis
Risk Management Execution
Implementing Risk Actions
Conducting Effective Risk Reviews
Three Lines of Defense Model
Ensuring Risk Oversight, Documentation, and Reporting
Project Risk Management
Identifying and Mitigating Project Risks
Integrating Risk Management into Project Lifecycle
Unit 2: Implementing Operational Risk Management - Overcoming Challenges:
Barriers to Effective Risk Management
Strategies to Overcome Implementation Hurdles
Communication and Vision
Effective Risk Management Communication Strategies
Setting a Clear Risk Management Vision
Building a Risk Management Culture
Fostering Stakeholder Ownership of Risk Management
Instilling a Risk Management Culture Across the Organization
International Perspectives on Risk Management
Embedding Risk Management
Techniques for Embedding Operational Risk Management
Linking Risk Management with Business Processes
Unit 3: Integrating Risk Management into Operations - Tools for Effective Risk Management:
Web-Based Risk Management Tools
Leveraging Technology for Streamlined Risk Management
Seamless Integration
Integrating Risk Management into Daily Operations
Ensuring Alignment with Business Goals
Success Tips
Top Tips for Achieving Successful Operational Risk Management
Unit 4: Reliability Technology - Understanding Failure and Prevention:
Types and Causes of Failures
Preventive Measures and Failure Prevention Methods
Maintenance and Reliability
Types of Maintenance and Inspection Regimes
Evaluating the Reliability of Components and Systems
Designing for Reliability
Design Principles for Reliable Control Systems
Importance of Protective Systems and HIPS Concept
Selecting Safety Integrity Levels (SIL)
Unit 5: Risk Management in Corporate Governance - Embracing Risk and Uncertainty:
Significance of Risk in Corporate Governance
Identifying Strategic and Operational Financial Risks
Assessing Financial Risks
Evaluating Functional Financial Risks
Quantitative and Qualitative Approaches to Risk Assessment
Developing Risk Strategies
Crafting FRM/ERM Strategy
Role of Chief Risk Officer (CRO)
Addressing Diverse Risk Challenges
Handling Joint Ventures, Alliances, and Outsourcing Risks
Managing Environmental, Growth, and Catastrophic Risks
Unit 6: Corporate Governance Landscape -Understanding Corporate Governance:
Defining Corporate Governance and Its Importance
Impact of Corporate Governance on Organizations
Stakeholders and Governance Models
Balancing Shareholder and Stakeholder Interests
Comparing 1-Tier and 2-Tier Board Structures
Corporate Governance Practices
Analyzing Chairman/CEO Duality
The Role of Independent Directors
Emerging Trends
Current Trends in Corporate Governance
Applications of Principal-Agent Theory
Unit 7: Internal Control Environment - Positive Aspects of Internal Control:
Viewing Internal Control as a Positive Process
Influence of Lean Business Structures on Control
COSO Framework and Control Types
Understanding the COSO Internal Control Framework
Preventative, Detective, and Corrective Controls
Management Engagement
Gaining Senior Management Support for Internal Controls
Ensuring Compliance with Procedures and Policies
Unit 8: Challenges to Internal Control - External Influences:
Navigating Global Economic Changes
Continuous Evaluation of Control Environment
Information Security and Technology
Safeguarding Information and Technology Controls
Managing Risks in Systems Development
Communication and Control
Managing Internal and External Communications
Impact of Communication on Control Effectiveness
Keeping Controls Updated
Importance of Keeping Internal Control Procedures Current