Aligning Risk, Strategy and Business Performance in a Changing Environment – Setting the Framework
Study the relationship between risk, strategy and business performance. Understand the essential theory and review generally-accepted risk management frameworks and standards to be better prepared to lay the framework for successful enterprise risk management.
Overview: The Framework module provides leaders with the essential elements to establish and maintain a successful risk program to support the achievement of strategy with clear definition of risk appetite. The program crystallizes the value proposition for risk management with hindsight from lessons from past events. It equips participants to tailor a risk management policy and framework, establish clear oversight and governance, and develop a roadmap for successful implementation.
- Study the relationship between, risk, strategy and business performance
- Crystallize the value proposition for risk management with hindsight from lessons learned from past events and failings or successes of others
- Understand the essential theory and review generally-accepted risk management standards to be better prepared to develop a framework for successful enterprise risk management
- Learn to use the bowtie model and understand the key elements required to undertake comprehensive risk assessments, including the ability to differentiate risk events, hazards, root causes and consequences
- Understand the key stages involved in the development of robust risk appetite frameworks and how these can be used to help navigate key business decisions