Description

The most recent recession and its fallout, weather (look at 2017), process and product failures, and unethical behavior have again highlighted failures by numerous organizations in identifying and managing risk. The size and reputation of organizations proved not to be the key to success. Again, we saw that failures can result in areas/industries thought to be “under control” through their policies, practices and/or regulations. A core activity of financial management is to effectively protect the assets of their organizations, without significantly reducing new ideas and growth. This brief program provides insights and approaches to identify risk and manage the above noted trade-off. The course is designed for financial managers looking to quickly build upon their existing knowledge and experience, as well as to help to start the less experienced individual. It offers ideas that can be used immediately, as well as longer term approaches. Updated to include new information particularly in the areas of disaster planning, business continuity, and ethics, as well as a sample group exercise to test your current risk management systems.

Instructor: Tony La Russo, BA, MBA, CMA

Target Audience

Public, private, and non-profit organizations and their members - CFOs, CEOs, controllers, auditors, and managers

Course Objectives

Understand the sources of risk and potential actions/behavior that may hide them

Gain up-to-date knowledge of risk management and build upon and improve existing practices

Recognize actions/steps that can result in measurable benefits to an organization

Become familiar with the process of Business Continuity Planning

Identify and discuss analytical tools and areas for further investigation

Subjects

Rethinking Risk Management:

Historic view

Challenges

Rules

Recent lessons

Required skills

Sources of Risk:

Economy

Competitors

Operations

Investments

Strategy

Compensation

Routine practices

Unethical behavior.

Enterprise Risk Management (ERM):

Defining ERM

Areas of focus

Implementation

Planning for disasters

Business continuity

Contingencies

Analytical Tools:

Post-completion evaluations

Simulation

Z-score

Hedging

Brainstorming

Mind mapping

Delphi technique

Prerequisites

Experience and/or exposure to financial management