In the actual context we need to know more than ever how we can manage risks at high efficiency.

• what risks are more important?
• how should we prioritize them?
• how does an accurate risk evaluation look?
• are financial risks more important than operational risks?

Success of an organization is definitely determined by the way it manages to identify, evaluate and address business risks in the short, medium and long term.

For this matter, companies need to have the necessary skills to understand the mechanisms associated with risk management.

This focused workshop addresses:

• top managers;
• department managers;
• leaders from local or multinational companies, with a decision-making role.

• The program helps you understand the vocabulary associated with risk management;
• It helps you learn the process of risk analysis and its implications for business;
• It diversifies your risk assessment, measurement, control and reporting tools;
• It helps you identify steps you need to follow to ensure proper risk control;
• It offers you a system for identifying problems inside the company and a mechanism for addressing and prioritizing risks associated with the actual times;
• The course is focused on specific solutions and easy to implement approaches, 70% of the content of the sessions being the practice area and 30% conceptual inserts.

Session 1

• From company strategy to organization’s risks;
• Fundamental aspects related to risk – purpose, terms, definitions;
• Risk categories – market, hazard, strategic, operational;
• Risks and industries versus risk appetite;
• Top 10 business risks and top 10 risks in each field of activity – practical simulation on the examples of Business case participants (part 1).

Session 2

• Risk approach – identification, impact assessment, monitoring and reporting;
• Risk assessment and analysis framework;
• Impact & probability analysis and probability estimation;
• Risk impact matrix;
• Quantitative and qualitative risk analysis;
• Practical simulation on the participants’ examples of Business case (part 2).

Session 3

• The evaluation process of risks and specific techniques (brainstorming, interviews, Delphi, PHA, HAZOP, HACCP, toxicity, “what ifs”, scenarios, BIA, RCA etc.)
• Ways to prioritize risks;
• Ways to prioritize risks – case study;
• Practical simulation on the participants’ examples of Business case (part 3).

Session 4

• Methods of counteracting risks (acceptance, transfer, avoidance);
• Risk contraction – planning, identifying specific actions, evaluating strategies;
• Risk monitoring and control;
• Practical simulation on the participants’ examples of Business case (part 4).

EXEC-EDU certificate

• 150 EUR (VAT not included) / participant – 4 workshops of 1.5h each