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Provided by: RANA International Inc. Integrated Risk ManagementBusiness Process Management |
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Training
Provided by RANA International Inc.
A Step-By-Step approach to taking risk decisions and managing their implementation in the organization.
So, You Want to Take a Risk, Do You?
Risk taking in organizations is not the way of the future. It is the way, now. Few senior people have realized the importance of understanding risk and applying a consistent approach to taking and rolling out the Risk Decision. Consequently, many risk decisions are taken without fully understanding the impact on the organization, or without performing the due diligence required.
All kinds of organizations take risks: the public organization responsible for regulating air travel, the school board accountable for the safety of our children, the large hi-tech firm with many thousands of employees, the university that chooses to put one program over another. All of these share the need for a high quality framework to follow, aimed at ensuring that all factors are taken into account.
The goal here is not analytical paralysis. Nor is it to kill every creative idea in the organization. Rather, it is to walk into an opportunity or a risk, with eyes wide open. Risk Management saves time in the long run, and does not take significantly more time than winging it, and then suffering the possible consequences of a bad decision.
The Risk Management process offered during this Workshop is based on Canadian Standards Association Q-850 for Risk Management and Decision Making, with all of the sub-routines worked out. It constitutes a toolbox for the Risk Manager to increase confidence in the decision to be taken and rolled out.
Who Should Attend?
Senior and Executive Managers who are regularly involved in making risk decisions and who feel the need for a more consistent framework for risk management.
Note
Each participant will receive a pre-work package consisting of the Risk Management CoreSkills Inventory, and workshop Introduction Exercise, to be complete prior to your attendance. Also each session will close with the use of a Daily Learning Register.
7 Benefits of this Workshop:
1. Use a consistent process for making decisions on risk
2. Demonstrate due diligence to the organization as a decision maker
3. Create an expectation that decisions need to be well thought out
4. Accelerate implementation of decisions by anticipating hazards
5. Create a culture of in-depth decision making, while nurturing creativity
6. Involve stakeholders in the decision to participate in a meaningful way
7. Foster the development of best practices in taking considered risks
What you will learn at this Workshop:
Use a 7 step framework to manage risk in the organization
Involve stakeholders as needed throughout the process
Develop and early warning system for risks
Understand risks as opportunities, and opportunities as risks
Identify the level of documentation needed for taking a risk decision
Identify the cope and parameters of the risk decision
Identify associated risk issues (the fishnet of risk)
Establish risk scenarios
Estimate the consequences of the risk qualitatively and quantitatively
Estimate and integrate the benefits and the costs
Mitigate the risk through positive action
Evaluate risk control options
Walk away, when walking away is needed
Plan the risk undertaking, once the decision is made
Monitor the impact of the risk, once the plan has been rolled out
Improve the organization s Risk Management process
So, You Want to Take a Risk, Do You?
Risk taking in organizations is not the way of the future. It is the way, now. Few senior people have realized the importance of understanding risk and applying a consistent approach to taking and rolling out the Risk Decision. Consequently, many risk decisions are taken without fully understanding the impact on the organization, or without performing the due diligence required.
All kinds of organizations take risks: the public organization responsible for regulating air travel, the school board accountable for the safety of our children, the large hi-tech firm with many thousands of employees, the university that chooses to put one program over another. All of these share the need for a high quality framework to follow, aimed at ensuring that all factors are taken into account.
The goal here is not analytical paralysis. Nor is it to kill every creative idea in the organization. Rather, it is to walk into an opportunity or a risk, with eyes wide open. Risk Management saves time in the long run, and does not take significantly more time than winging it, and then suffering the possible consequences of a bad decision.
The Risk Management process offered during this Workshop is based on Canadian Standards Association Q-850 for Risk Management and Decision Making, with all of the sub-routines worked out. It constitutes a toolbox for the Risk Manager to increase confidence in the decision to be taken and rolled out.
Who Should Attend?
Senior and Executive Managers who are regularly involved in making risk decisions and who feel the need for a more consistent framework for risk management.
Note
Each participant will receive a pre-work package consisting of the Risk Management CoreSkills Inventory, and workshop Introduction Exercise, to be complete prior to your attendance. Also each session will close with the use of a Daily Learning Register.
7 Benefits of this Workshop:
1. Use a consistent process for making decisions on risk
2. Demonstrate due diligence to the organization as a decision maker
3. Create an expectation that decisions need to be well thought out
4. Accelerate implementation of decisions by anticipating hazards
5. Create a culture of in-depth decision making, while nurturing creativity
6. Involve stakeholders in the decision to participate in a meaningful way
7. Foster the development of best practices in taking considered risks
What you will learn at this Workshop:
Use a 7 step framework to manage risk in the organization
Involve stakeholders as needed throughout the process
Develop and early warning system for risks
Understand risks as opportunities, and opportunities as risks
Identify the level of documentation needed for taking a risk decision
Identify the cope and parameters of the risk decision
Identify associated risk issues (the fishnet of risk)
Establish risk scenarios
Estimate the consequences of the risk qualitatively and quantitatively
Estimate and integrate the benefits and the costs
Mitigate the risk through positive action
Evaluate risk control options
Walk away, when walking away is needed
Plan the risk undertaking, once the decision is made
Monitor the impact of the risk, once the plan has been rolled out
Improve the organization s Risk Management process
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Integrated Risk Management
Program Content
Day 1
Benefits of Risk Management
Integration to overall management
Accountability and Risk Management
Types of Risk Management: strategic, operational and fast track
Communication with stakeholders during the process
Documenting the risk
The Seven-Step Process
Step 1: Initiate the Process
Defining the risk
Identifying associated risk issues
Selecting and empowering the Risk Management Team
The Tool Box of Risk Management: support processes to help you along
Personal applications
Day 2
Step 2: Perform Preliminary Analysis
Defining the scope of the risk decision
Establishing Risk Scenarios
Analyzing stakeholder profiles
Step 3: Estimate the Risk
Validating the frequency and consequence of the risk
Confirming the Risk Scenario
Ensuring communication with stakeholders
Step 4: Evaluate the Risk
Estimating and integrating benefits and costs
Assessing stakeholder acceptance
Personal applications
Day 3
Step 5: Control the risk
Identifying risk control options
Evaluating the options
Committing to action and understanding all of the implications
Step 6: Take Action
Developing the Risk Control Plan
Step 7: Monitor impact
Establishing the Monitoring Process
Evaluating the Risk Management Process
Assessing the impact
Moving risk management into the culture of the organization
Auditing and Risk Management
Personal applications
Evaluation and research questionnaire
Day 1
Benefits of Risk Management
Integration to overall management
Accountability and Risk Management
Types of Risk Management: strategic, operational and fast track
Communication with stakeholders during the process
Documenting the risk
The Seven-Step Process
Step 1: Initiate the Process
Defining the risk
Identifying associated risk issues
Selecting and empowering the Risk Management Team
The Tool Box of Risk Management: support processes to help you along
Personal applications
Day 2
Step 2: Perform Preliminary Analysis
Defining the scope of the risk decision
Establishing Risk Scenarios
Analyzing stakeholder profiles
Step 3: Estimate the Risk
Validating the frequency and consequence of the risk
Confirming the Risk Scenario
Ensuring communication with stakeholders
Step 4: Evaluate the Risk
Estimating and integrating benefits and costs
Assessing stakeholder acceptance
Personal applications
Day 3
Step 5: Control the risk
Identifying risk control options
Evaluating the options
Committing to action and understanding all of the implications
Step 6: Take Action
Developing the Risk Control Plan
Step 7: Monitor impact
Establishing the Monitoring Process
Evaluating the Risk Management Process
Assessing the impact
Moving risk management into the culture of the organization
Auditing and Risk Management
Personal applications
Evaluation and research questionnaire
About The Training Provider: RANA International Inc.
RANA International Inc. - RANA has been a federally incorporated 100 Canadian owned company since 1993. It has international affiliations, offering integrated organizational and management development services in Canada and abroad. We are a matrix of some twenty full time principals and affiliated consultants, all of whom have extensive experience as process consultants and organization development experts in...
