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Operational Risk Management and Mitigation
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Course Details
Organizations in industries face operational risks wherever they turn. To the left lie ever-present risks from employee conduct, third parties, data, business processes, and controls. To the right are inherent cultural, moral, and ethical risks. Layered on top are technology risks—which are compounded as organizations embrace new technologies like automation, robotics, and artificial intelligence.
This Operational Risk Management and Mitigation Training course develops the understanding, skills, methods and behaviors required to proactively manage risk across your operations – helping ensure day-to-day operational continuity, as well as the long-term sustainability of your organisation. Based on a proven framework and introducing best practice techniques,
Operational Risk Management and Mitigation training course provides a deep understanding of the human, process, systems, and organisational causes of risk and how to minimize them, including insight into the psychology of risk prevention and the need to combat external threats. The training seminar will enable the delegates to examine their own operations and take steps to plan and manage risk within their workplace.
Course Outline
What is Risk and Operational Risk Management?
The Benefits of Operational Risk Management
The Operational Risk Management Framework
The 6-step Operational Risk Management Cycle
Enterprise Risk Management
Risk Identification Process
Risk Management Principles and Standards
Risk Assessment