Description
Overview
Strategic Risk Management helps managers to identify and manage risk in all its dynamic complexity. It’s a potent tool kit with wide-ranging applications across both the private and public sectors. The modern operating environment is highly complex. Challenges and opportunities come and go in the blink of an eye. Such a fast-moving environment means that organizations are constantly reacting and reshaping themselves to try and find the best way through it all. This course will help you understand the best way to do this.
Objectives
- Form a common understanding of why strategic risks are different from other types of risk
- Why it is important to understand and manage risks through the creation of robust scenarios
- Understand the application of advanced modelling techniques.
- Learn how to assess the strategic options available to your organisation based on its unique strengths, so that you can overcome any challenges.
- Understand how to apply the tried and tested theoretical frameworks to your organisation so that you can effectively respond to a changing landscape.
- Help your organisation to stay ahead by learning how to embed a culture of continuous improvement.
Agenda
- Background to risk.
- The concept of risk management.
- What is strategic risk?
- Form a common understanding of why strategic risks are different from other types of risk
- Why it is important to understand and manage them through the creation of robust scenarios
- The application of advanced modelling techniques
- How do you identify strategic risks?
- Risks are the result of situations that have been brewing, unnoticed, over time involving a building chain of events.
- Learn new techniques to analyze complex environments
- How these techniques can help to tease out the structure of these seemingly impenetrable risk processes
- We demonstrate how these techniques have been used in real (insurance) companies to provide insights and reduced capital exposure
- How to you assess strategic risks?
- Understand Stochastic and other models
- How the different models have made it possible to explore the behaviors of complicated financial benefits and investment structures
- We show you where similar developments are beginning to appear for both insurance risks and operational risks
- Results of needing to evaluate economic capital requirements and strategic risks
- Demonstrate the tools and techniques that might be used to assess the elusive risk category more quantitatively
- Change risk and project management as a tool for managing change.
- Operational risk management.
- Unforeseeable risk.
- The risk interdependency field and the development of a process model.
