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Enterprise Risk Management

USD 1030
IN HOUSE ENQUIRY

Description

Enterprise Risk Management (ERM) is:

  • Proactively identifying all possible sources of threats and opportunities to the organization objectives;
  • Determining the upside and downside risks ranging from policies to detailed operations in a holistic and connected manner;
  • Analyzing the potential severity and likelihood levels of these risks;
  • Taking actions to manage them.

There are both opportunities and risks in all business processes and operations. With the tools and methods of Enterprise Risk Management, opportunities can be exploited and risks minimized or eliminated.

Competition between businesses and cost reduction will require risk taking in processes and materials. This requires risk management to ensure that services and products do not fail.

There are at least seventeen international certification standards and guidelines across most industries that require some form of risk management. And there are many more such national and industry standards. Since customers, at one time or another, will ask for such certification, organizations will have to do risk management.

Instead of including risk management into different management systems and policies, it will be more effective
and economical to have a single enterprise risk management framework for all systems and policies.

Participants will determine –

  • The types of risk exposure typically faced by them and the concepts of opportunity and downside risk
  • External influences such as markets and regulations

Participants will thereafter learn –

  • How to initiate, conduct, analyse, determine and act on risks and crisis faced by them.
  • The skills to assess risk and crisis effectively and to select appropriate treatment techniques
  • The ISO 31000 risk management principles, process and framework, so that they may continue to develop and include risk management into their management system to achieve holistic organisational objectives.
  • The benefits of enterprise risk management and its relationship with corporate governance, social responsibility, sustainability and organisational prosperity
  • How risk & crisis management should be organised and its relationship with governance, audit and other functions
  • The importance of culture, communication, incentives and behaviour in an effective risk management structure

This is a practical, hands-on course scanning across orga-nization operations. There are pearls of wisdom here for:

  • Business Leaders who will need to evaluate the risks involved in their decisions, embed risk management systems and execute good governance.
  • The Chief Executive Officer, who is responsible for the overall performance of the organization and needs to know how that performance can be affected and its management.
  • The Managers who need to know and manage the risks and opportunities in their operations and activities.
  • The Executive, Professionals, Consultants and Safety Practitioners who need to study the processes and manage their risks and opportunities.
  • Anyone interested in assessing the risks of losing customers.
  • Anyone interested in the risks of embarking on projects.

DAY 1

9.00AM - 10.30AM  
WHAT IS RISK AND ENTERPRISE RISK MANAGEMENT

  • Overview of What We Do in Enterprise Risk Management
  • ISO 31000 risk management principles, process & framework

10.30AM - 10.45AM Break 

10.45AM - 1.00PM
IDENTIFY RISKS

  • Knowing What to Look For
  • The Different Types of Threats & Opportunities
  • Generating the Risk Directory – Context, Criteria, Traceability
  • Methods & Tools to Identify Risks
    • Generating the Risk Register
  • Preliminary Analysis

1.00PM - 2.00PM Lunch

2.00PM - 3.30PM
EVENTS, CONSEQUENCES, IMPACTS, LIKELIHOOD

  • Complexity of Trigger, Events, Consequences & Likelihood
    • Risk Consequence Severity, Impact,
    • Categories, Mixed Categories
    • Controls assessment
  • Estimating & Categorizing the Likelihood of Occurrence
  • Updating the Expanding Risk Register

3.30PM - 3.45PM Break 

3.45PM - 5.00PM 
EVALUATE RISK THREATS & OPPORTUNITIES

  • Risk Evaluation, Score, Level
  • Risk Matrix with Risk Criteria
  • Different Types of Risk Charts
  • Risk Assessment – Techniques to Assess Risks
  • Updating the Expanding Risk Register

DECIDE ON WHAT TO DO

  • Situation of Concern Analysis
    • Decisions Based on Risk Appetite & Tolerance against Criteria – with Risk Analysis
    • Opportunities & Threats, Positive & Negative Risks, Upside & Downside Risk Zones
    • Using the Risk Register to Offset Threats
  • Risk Breakdown & Evaluation

DAY 2

9.00AM - 10.30AM 
DECIDE ON WHAT TO DO (Contd.)

  • Decide on the Risk Treatment
    • Treatment Methods, Cross Treatment, Selection
    • Treatment Priority
  • Updating the Expanding Risk Register
  • Risk Control Measures for Casualties in Processes
    • Hazard Assessment vs Risk Assessment for Processes
    • Limits to Hazard Prevention
  • Risk Control Measures for Casualties from Products

10.30AM - 10.45AM Break 

10.45AM - 1.00PM
ACT ON DECISION

  • Risk Treatment Action Report
    • Risk Treatment Plan & Project Plan
  • Treatment Effectiveness
  • Monitor the Implementation & its Control
    • Treatment & Controls Monitoring Record
  • Updating the Expanding Risk Register
  • When to Close the Treatment Action Report

1.00PM - 2.00PM Lunch 

2.00PM - 3.30PM
WHAT NEXT

  • Updating Management Systems
  • Monitoring & Review
  • Improving Efficiency, Accuracy, Usability & Knowledge Base of Risk Management
  • Raising the Bar
  • Risk Record & Other Records
  • Risk Profile
  • Risk Reports
  • In-House Consulting & Communication
    • Revisiting Risk Criteria
  • Framework or System

3.30PM - 3.45PM Break 

3.45PM - 5.00PM
CONCLUSION

  • Commitment & Follow-up

Enterprise Risk Management can be started off with a simple framework. And the framework can be built progressively to capture all operations. And soon you are fully aware of all risks and their management.

Enroll for the program:

  • On-Line program
  • Face-to-Face program

Receive the books:

  • Hard copy of “Enterprise Risk Management: A Practical Guide to Quick Start.”
  • Softcopy of “Workbook – Enterprise Risk Management.”

Attend the Course

  • Understand the principles and demonstrations.
  • Participate in workshops and activities.
  • Apply learning to real industry cases.
  • Produce holistic ERM Framework

Present Your ERM Implementation Model

Barrak Adams

Naina Mohaned @ Barrak Adams is a seasoned management professional with a diverse career spanning over 40 years, across multiple industries, including manufacturing, property development, and consulting, as Engineer, Plant Manager, Project Director and Managing Director. He holds graduate and post graduate degrees in Engineering, Quality Management and Organizational Management, in addition to advanced studies in various fields.

After setting up one of Malaysia's first label printing companies, he worked with the Showkhat Group in property development and later joined the Barkath Group, where he improved manufacturing processes. At Robert Bosch, he led a Vendor Development Program across Southeast Asia, significantly enhancing supplier capabilities. He has helped these companies improve their operations, implement quality systems, and develop their workforce, some of whom have become global players.

In addition to his professional accomplishments, he is an accredited trainer, certified consultant, system auditor and counselor, conducting workshops, services and programs for organizations worldwide. He also contributed to quality engineering education at the Science University of Malaysia and became an Environmental Auditor for the Malaysian Prime Minister’s Hibiscus Award.

Naina Mohamed has authored books on risk management, with a focus on pre-emptive thinking. His training programs emphasize competency development, featuring practical activities over theoretical lectures, making them engaging and impactful.

Normal Fee Early Bird Group Fee
Sign up 1 pax Sign up 1 pax Sign up 3 pax or more
Pay 1 day(s) before course starts Pay 14 day(s) before course starts Pay 1 day(s) before course starts
MYR 3490 per pax MYR 2890 per pax MYR 2790 per pax
USD 1030 per pax USD 850 per pax USD 820 per pax

Upon successful completion of this program, you will receive a Certificate of Achievement.

1. ONLINE PAYMENT by Credit card: You can opt to register and pay online with our latest payment integration system through our website.

2. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.

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