CPD – Enterprise Risk Analysis workshop

The Certificate of Proficiency in Enterprise Risk Analysis is ideal for those who wish to examine the way in which business and society make an assessment of, control and transfer risk. The goal of this course is to engage students in active discovery of risk management principles.

The Certificate of Proficiency in Enterprise Risk Analysis course will prepare individuals to function in a business environment, developing an awareness of the challenges, the tools, and the process of designing and implementing a risk management program. The risk management process is becoming an increasingly important tool in the management of business and personal strategic and financial health. An effective and efficient corporate risk management program leads to knowledge and control of costs and an improved bottom line. The risk management process involves identification of risks and associated potential costs, analysis of the causes of risk of financial loss, determination of various strategies to treat risk, selection of strategies appropriate to the goals and objectives of the business, implementation of the selected strategies, management and monitoring of results. Making adjustments, adapting to external and internal forces, and crisis or disaster management are incorporated in the corporate risk management process. An effective risk management program will reduce losses, and improve financial performance and employee morale.

Financial Risk and Its Treatment

• Definitions of Risk
• Chance of Loss
• Peril and Hazard
• Classification of Risk
• Major Personal Risks and Commercial Risks
• Burden of Risk on Society
• Techniques for Managing Risk

Risk Management: Introduction

• Meaning of Risk Management
• Objectives of Risk Management
• Steps in the Risk Management Process
• Benefits of Risk Management
• Personal Risk Management

Risk Management: Advanced

• The Changing Scope of Risk Management
• Insurance Market Dynamics
• Loss Forecasting
• Financial Analysis in Risk Management Decision Making
• Other Risk Management Tools

Risk Management in Organisations

• Risk Management Policy
• Risk Management Principles
• Governance Responsibilities
• Risk Identification
• Risk Mitigation, Control and Treatment (Risk Ladder)
• Performance Monitoring and Risk Performance Assurance