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: Thinking Out Of The Box Risk Specialist ( Case Study) ( all sector)
Objective: using think out of box strategies to overcome business failure & financial uncertainties
Company facing business & financial uncertainties & failure
Strategies to overcome it
Think out of the box
Defensive strategy
Offensive strategy
Desperate strategy
Day2
Module 5: Risk Modelling Skills (Case Study) (all sector)
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 6: Risk Maturity Assessment
Matured Risk Based Organization
How Do We Conduct Risk Maturity Assessment
The Summary of Assessment Criteria
Module 7: Integrated SWOT Risk Analysis (Case Study) (all sector)
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
Module 8: Skillful in Risk Financial Planning & Forecasting (Case Study) ( all sector)
Objective: assess project evaluation & its risk. Consider to accept or reject the project or business proposal after factor in all financial & quality considerations
Forecasting Relevant Project Cash Flows
Project evaluation Techniques – Payback, NPV, IRR
Excel applications – using the payback, NPV and IRR functions
Accepting or Rejecting Projects
Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.
Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period
He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination
Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd , Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) Sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd
He is currently providing management consultancy and training specialising in GST, Forecasting , Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.
Testimonials for Past Participants
“Learnt the ability in costing risks & its financial impact “-JudeThaddeus Ak George, Manager, Information Communication Technology
“Learnt the ability to identify risk issues in quantitative method & how to resolve it. The risk tools are very useful “-Azilla Binti Abdul Rahman, Manager, Planning and Scheduling
“Trainer is very expert on his field. Instructor showed the interactive way of teaching by linking Financial Risk Analysis Using Ratios in making business decision”- Salmi Nadia Bt Dato Mohd Hilmey, Director Risk Management
“ERM training was highly interactive with active group discussion”- Marina Banggan, Manager, Human Capital Resources