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December 16, 2020 at 1:01 pm #3276adminKeymaster
Effective management of risk is now recognised as a critical element of good governance and assurance arrangements in public service organisations and state agencies. Handling uncertainties and agreeing priorities has implications for strategic and business planning objectives, the relationship with stakeholders and the resourcing, management and control of work programmes and activities.
Demonstrating effectiveness in the complex and uncertain environment of public service delivery reinforces the need to ensure the risk management arrangements are embedded in the processes, policies and procedures of the organisation.
The course will guide you in the effective implementation and embedding of risk management in the public sector organization guiding you with the steps and actions needed to improve the process through stakeholder participation and buy in.
who should ATTEND?
- Chief Risk Officers,
- Risk Managers,
- Risk Champions,
- Project Executives,
- Risk Advisors,
- project managers and anyone responsible for risk management
- Risk perception
- Why should we care about risk?
- Internal environment changes
- External environment changes
Risk management and corporate governance
- Introduction to corporate governance
- GRC concept: governance, risk and compliance
- GRC system: governance, risks and controls
- Risk management as part of corporate governance
- Governance failures
- Risk based decision making
Risk management and corporate control environment
- Risk management’s influence on designing internal controls
- Risk-based internal audit assessment of risk management performance
ERM and its evolution
- ERM evolution
- ERM benefits
- ERM platform
- Strategic approach, Operations and tactics
- Business reporting, Compliance and process
- Strategic risks and Reporting risks
- Financial risks
- Physical: life and safety risks
- Laws and regulations
- Financial reporting standards
- External environment: socioeconomic, regulations, technology and competition
- Internal environment: structure, processes and culture
- Internal environment and Objectives setting
- Event identification
- Risk assessment
- The black swan challenges
- Quantitative versus qualitative analysis
- Risk response
- Control activities
- Information and communication and Risk monitoring
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