Competency Development & Trainings

We engage individuals, companies, NGOs, and Governments to provide services that close competency gaps and enhance workforce productivity through our carefully designed set of short courses. Our courses can be customized to suite your peculiar needs.

Read More

Consultancies

We provide strategic consulting services for both professionals and corporate organizations. Our consultancies are strategically designed to provide tools, techniques and methodologies that can deliver on your core objectives and set goals.

Read More

Course Name: Effective Risk Management in Organizational Context

Special offer for group registration:
Number of participants Fees
2-5 $ 700
6 -10 $ 650
11-50 $ 500
> 50 $ 450
To register as a group, contact us through: E: trainings@vitalextralearning.com or give us a call on T: +254707053111
Course Date Duration Location Fee: Registrations
Date: 15/04/2024 - 19/04/2024 5 Days Abuja, Nigeria $ 950 Click to register
Date: 20/05/2024 - 24/05/2024 5 Days Mombasa, Kenya $ 950 Click to register
Date: 17/06/2024 - 21/06/2024 5 Days Kigali, Rwanda $ 950 Click to register

Duration

5 Days

Our Contacts:

Email: info@ vitalextralearning.com

Telephone:
+234 (0) 8038 066705,
+234 (0) 9039055940
+254 707 053 111

Website:
www.vitalextralearning.com

Important quick links:
Customized training
How to apply
Group registration
Frequently asked questions
Sign up for our course newsletter!

Course Description
Risk Management in any organization is very key. A new understanding of the risks has emerged, and efficient controls can be implemented to tackle what really matters to the business. In short, the focus becomes strategic value creation instead of risk avoidance. This training course will equip participants with the relevant knowledge on principles, tools and techniques that contribute to overall improved performance in operational risk management. The course focuses on contextual application across a wide variety of industries. Participants will be exposed to improved organizational performance through better risk management processes that are in line with global best practices. The course also covers the basics of management, strategic management principles, corporate governance and ethics, roles, culture and control in risk environment, organizational behaviour and risk frameworks, as well as tools and techniques of operational risk management.
 
Learning outcomes
By the end of this course the participants will be able to:
    Understand the place of risk in the context of the strategic actions of an organisation
    Understand the enterprise risk management process
    Correctively identify and analyse risks
    Undertake risk evaluation and treatment
    Drive a risk-aware culture in the organisation
    Utilise key tools and techniques for enterprise risk management, and
    Develop a risk register.
 
Who should enroll?
This course is ideal for you if you are a manager, supervisor, risk management official or someone who desires to become more knowledgeable in risk management.
 
Send an email to trainings@vitalextralearning.com to request a course training agenda
 
Why train with us
Vital Extra Learning guarantees our clients:
    State-of-the-art facilities and training infrastructure
    Extended tradition of hand-holding during post engagement
    Service delivery through highly seasoned industry experts.
    Value for money
 
TOPICS TO BE COVERED
Module 1 - Introduction
·          Introduction to managing risk and effective risk management techniques
·          Definitions and key approaches to implementing a risk culture
·            Practical techniques for risk culture management
·            Link and Association between Risk Management and Strategic Planning
·            Understanding the nexus between Risk Management, Project Management, Budgeting & Strategic Planning
Module 2
General Risk Management
·            Risk Oversight
·            Risk Integration
·            Organization wide risk perspective
·            Influencing
·            Potential
·            Context
·            The intercept between Risk Management, Strategic Planning & Budget (Case Study)
Actuarial Approach to Risk
·            Actuarial Assessment
·            Statistical Risk Assessment
·            Analytical Capability
·            Scenario Planning
·            Actuarial Risk Assessment Focus
·            Actuarial risk assessment instruments
·            Risk Projection & Planning
Module 3
Principles of Risk Management
·            Identification of Risk
·            Risk Control
·            Risk Financing
·            Claims Management
·            Contingency Planning
·            Risk Evaluation
Analysis of Risk
·            Definition of Uncertainty Levels
·            Uncertainty Impact Assessment
·            Exploring Partnerships
·            Risk Analysis Modelling
·            Risk Results Analysis
·            Market measurement and management
·            Operational and integrated risk management
·            Case Study: Contextualizing and adapting Risk Management: A systemic approach
Module 4
Planning to Mitigate Risk
·            The three primary business risks in order of frequency of occurrence
·            The different types of risk assessment tools
·            Implementing a risk departmental culture
·            The role of external pressures, including regulations
·            The barriers to risk culture control
Control of Risk
·            Potential loss reduction
·            Proactive risk control
·            Risk Reduction
·            Risk Elimination
·            Hazard substitution
·            Hazard isolation
·            Case Study: Risk Hazard Matrix Compilation (An Integrated Approach)
MODULE 5
Risk Management Practice
·            Systemic Risk
·            Strategic Risk
·            Financial Risk
·            Operational Risk
·            Case Study Construction: Risk Mapping Reality
·            Risk Assessment Review
·            Monitoring and Evaluation: Contingency Planning
Embedding Risk Management
·            Key behaviors that support risk management
·            How to encourage and draw maximum benefit from positive behaviors needed to embed risk management
Risk Reporting
·            Articulating and reporting risk to management/team risks  
·            Conducting (quick) quality and typical management risk assessments
·            The benefits of risk management and win the support of stakeholders
 
 
 

TRAINING CUSTOMIZATION

This training can be customized for your institution or delivered at your preferred location upon request. For training customization, contact us through
Email: info@ vitalextralearning.com
Telephone:
+234 (0) 8038 066705,
+234 (0) 9039055940
+254 707 053 111

LANGUAGE
English

_ Rwanda _

Register for a short course in Rwanda and seize a great moment where you will visit the Kigali Genocide Memorial. In addition, we will take you on a day-out to Lake Kivu where you can swim and have a boat ride. All this for free!

OUR APPROACH – TADs
We THINK
We ANALYSE
We DEVELOP AND DELIVER SOLUTIONS that satisfy our clients