2 days workshop
INTRODUCTION
In order to be an effective Risk Mitigation in Strategy Planning, you need to have the heart of an entrepreneur and professional. This course will help to provide you with an environment that stimulates proactive behavior in order to achieve greater goals for yourselves and your organization. Real-current problematic Risk Mitigation Strategy Planning cases will be analyzed and scenario solutions will be provided under the guidance of Dr. Steven Liew.
COURSE OBJECTIVES
By the end of this course you will be able to:
To instill the habit of anticipation with regard to identifying possible project problems , uncertainties, and contingencies
To produce Risk Management Register which itemizes and assesses the risks, risk triggers, risk responses, and response implementation
Projects: Opportunities vs Risk
Risk Management – Strategy to Execution
Risk – Strategy
Risk Categories
Risk - Quantification / Qualification
Case Studies on Risk Mitigation Strategy Planning Program
METHODOLOGY
Case Study & Group Discussion.
WHO SHOULD ATTEND
Entrepreneurs, Financial analyst, Risk Analyst, Project Managers, Bankers, Accountants, Business Managers, Marketing Managers and all those who want to master the skills of Risk Mitigation in Strategy Planning Program.
Special Feature: NOTE: Please bring laptop along
PROGRAMME OUTLINE
Day 1
Module 1: Overview of Risk Management
What is Risk?
Why Do We Need Risk Management?
What is ISO31000 Foundation?
How Do We Manage Risk?
Module 2: Risk Management Structure
Framework of Risk Management Department
Define Risk Reporting Structure
What is Matured Risk Based Organization?
Risk Management Framework
Risk Management Process
Module 3: Be a Business Turnaround Risk Specialist (Case Study)
Objective: determine on how to make more profit or from losing to profit making strategy
Asset conversion (conversion of assets to cash or profit)
Collection (Focus on collection & debt recovery)
Cost reduction (review all aspects of costs drivers)
Revenues (review all aspect of revenue drivers)
Purchasing policy (focus on top 5 key suppliers; focus on fast moving items, etc)
Module 4: Risk Assessment
Economic/political
terrorist attack
Regulatory/legal
non-compliance of treatment plants discharging to water intakes
supplier noncompliance;
Operational
theft;
high equipment maintenance;
high accident at workplace;
aging equips
fire,
flood;
high maintenance
delay in printing,
quality of print,
breakdown in IT infrastructure;
machinery breakdown;
power outage;
human capital shortage;
space constraints
wrong purchasing;
import shipping delay;
poor inventory management
Day2
Module 5: Mitigating Strategies & Controls
Economic/political
switch to defence aviation industry
Regulatory/legal
apply licence to contravene;
installed earlier warning systems;
planned preventative maintenance
imposed penalty clauses;
supplier to supply replacement for similar specifications
Operational
Insurance;
regular preventative maintenance;
focus on health & hazardous awareness;
refurbishment of plants & equipment
penalty/linking to KPI
enhance quality printing technology;
worked closely with TNB on power interruption
equipment replacement analysis;
increase check & balance in purchasing;
right production planning & inventory control (PPIC) personnel
Module 6: Risk Modelling Skills (Case Study)
Objective: identified company risks (operational, competitors, financial, legal & human capital); quantify it. do a cost & benefit analysis & make recommendation on risk improvement strategies
Analyzing the potential risks facing an organization
Mitigating controls
Weight the financial impact
Cost/benefit decision analysis
Risk Model software
Module 7: Risk Maturity Assessment
Matured Risk Based Organization
How Do We Conduct Risk Maturity Assessment?
The Summary of Assessment Criteria
Module 8: Integrated SWOT Risk Analysis (Case Study)
Objective: review SWOT of companies. create 4 matrix strategies as below. Eg, capitalized on company internal strength to create external opportunities
SO (strengths-opportunities) Strategies
WO (weaknesses-opportunities) Strategies
ST (strengths-threats) Strategies
WT (weaknesses-threats) Strategies