Description

The past few years have taught us that major risks can come at us from any direction and with barely a warning. All organizations operate in a risk environment, but all too often, they either don’t realize it or they don’t develop a strategy to deal with the risks. In this session, we will explore how risks work in both for-profit and not-for-profit organizations and how they can develop a strategy to identify, evaluate, and mitigate those risks. This program will not teach how to eliminate risks, but how to strategize how to reduce their total effect. We will liberally use case studies of both for-profit and not-for-profit companies to bridge the gap between concept and actual implementation. In each area we will explore what our experiences of the pandemic have taught us about this part of risk management.

Instructor: Art Pulis, MBA

Target Audience

CFOs, controllers, and finance professionals

Course Objectives

Understand how risks can both positively and negatively affect the organization

Learn more about how we could have been better prepared for the pandemic

Determine the nature of risk in both large and small organizations

Understand the tolerance for risk in the organization

Match risks to proper strategy

Perform risk analysis and evaluations

See how the strategy of the organization represents risk

Subjects

Overview of ERM and how it affects all organizations

What COVID-19 has taught us about risk management

Risk tolerance and developing a plan

Risk identification

Risk analysis

Risk responses

Strategy risk

Prerequisites

Experience in financial management of a small or midsize company