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Course Outline
Overview of Risk Management and the ISO 31000 Standard
- Defining risk and its significance for contemporary government operations
- Objectives, structural components, and applicability of ISO 31000
- Alignment with existing regulatory standards and management systems
Foundational Principles of Risk Management
- Essential principles for effective risk governance
- Connecting risk management to mission value and asset protection
- Integrating risk considerations across all organizational functions
Developing a Risk Management Framework
- Aligning risk strategies with governance and policy objectives
- Architecting and executing the risk framework for government entities
- Leadership responsibilities and organizational accountability
Risk Management Process: Context Establishment
- Defining operational context, goals, and evaluation criteria
- Identifying internal drivers and external environmental factors
- Determining risk appetite and tolerance thresholds
Risk Assessment and Mitigation Strategies
- Methodologies for identifying risks and their sources
- Techniques for analyzing and evaluating risk levels
- Selection of mitigation options and implementation of controls
Surveillance, Communication, and Reporting Protocols
- Continuous monitoring and performance evaluation
- Facilitating risk communication and stakeholder consultation
- Documenting and disseminating risk-related data
Enhancing Risk Management Capabilities
- Conducting audits and assessing risk management efficacy
- Applying corrective actions based on identified lessons
- Fostering a sustained culture of risk awareness for government agencies
Conclusion and Subsequent Actions
Requirements
- Proficiency in fundamental organizational management principles and business operations
- Demonstrated background in governance frameworks, operational procedures, regulatory compliance, or project administration
- Knowledge of institutional policy formulation and strategic decision-making processes tailored for government entities
Target Audience
- Risk management personnel and risk officers
- Specialists in compliance and internal control systems
- Senior leadership and managerial staff charged with overseeing risk-informed decisions within the public sector
14 Hours
Testimonials (1)
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