Course description
In this course, you'll learn:
- The need for better strategic and project risk management
- Objectives and the risk / reward pyramid
- Strategic objectives versus operational objectives
- Common problems in managing strategic risk
- Benefits of effective strategic and project risk management
- Understanding the risk in strategy and change
- Relationship between strategic decision, execution and delivered risk
- Process of change
- Strategic risks as part of a risk taxonomy
- Strategic decision risk
- Analysing drivers of suboptimal decisions with risk bow tie analysis
- Differentiating upfront decision risk and ongoing decision risk
- Identifying the drivers of ongoing decision risk
- Factoring in environment al drivers (e.g. Competitor behaviour, customer behaviour, technology disruption, regulatory change etc.)
- Decision tools to make optimal risk/reward decisions
- Key controls to manage decision risks
- Risk-based decision making
- An overarching decision making process
- The can I / should I test
- Introduction to decision tools
- Strategic execution risk
- Identifying project execution objectives of time, cost and quality
- Understanding the drivers of execution risk using bow tie analysis
- Controls over execution risks
- Strategic delivered risk
- Common problems with delivered risk
- Identifying the business as usual risks that will be materially impacted by the change
- Carrying out a future state risk assessment and responding to that assessment
- Keeping the delivered risk assessment current and factoring in change requests
- Benefits realisation risk
- The importance of the post implementation review
- Factoring learnings back into the risk management process
- Strategic and project risk as part of enterprise risk management
- Applying the ISO 31000 process to strategic risks
- Integrating strategic risks into an enterprise risk management framework
- Applying common risk processes to strategic risks
- Risk and control self-assessments
- Key risk indicators
- Controls assurance
- Incident management
- Issues and actions
- Risk in change
- Risk appetite for strategic, project and delivered risk
- How risk appetite applies to the different types of strategic risk
- Applying metrics and tolerances to strategic risks
- Using risk appetite in decision making
- Managing strategic and project risk
- Lifecycle of project risk management
- Aligning risk activities with stages of strategic decisions and projects
- Post-implementation reviews
- Responsibilities and governance structures
- The Three Lines model and its application to change risk
- Roles, ownership, responsibilities and accountabilities
- Driving the right culture to support effective and efficient change risk management
- When strategic and project risk management is practiced
- Cadence of risk management
Course expectations
- Watch 11 videos
- Answer 4 knowledge tests
- 1 case study
- 2 interactive examples
- Access 8 downloadable materials
- Answer 10 quiz questions
Timings
- 3.5 hours of video content
- Approximately 4.5 hours for the whole course
Cost
-
US$600 payable by credit card on registration
Next steps
You can purchase and access this course on-demand via Protecht Academy by credit card.
Please contact Protecht directly if you would like to discuss packages to implement this training across your organisation. Bulk discounts are available and packages can be invoiced in your local currency.
Our trainers
David Tattam
Chief Research and Content Officer
David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.
David is the driving force in taking Protecht's risk thinking to the frontiers of what is possible in risk management and to support the uplift of people risk capability through training and content.
Michael Howell
Senior Manager, Research & Content
Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.
Michael is a Certified Practicing Risk Manager whose curiosity drives his approach to challenge the status quo and look for innovative solutions.
David Tattam
Chief Research and Content Officer
David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.
David is the driving force in taking Protecht's risk thinking to the frontiers of what is possible in risk management and to support the uplift of people risk capability through training and content.
Prior to Protecht, David was the Chief Risk Officer and Head of Operations for the Australian operations of two global banks. He started his career as a Chartered Accountant and Auditor with Grant Thornton and PwC. He is also the author of A Short Guide to Operational Risk.
David is an Associate of the Institute of Chartered Accountants in Australia and New Zealand and a Senior Fellow of the Financial Services Institute of Australia. He is passionate about risk and risk management and in reaping the value that risk and good risk management can create for any business willing to embrace it.
Michael Howell
Senior Manager, Research & Content
Michael Howell is the Protecht Group’s Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.
Michael is a Certified Practicing Risk Manager whose curiosity drives his approach to challenge the status quo and look for innovative solutions. Michael harnesses that curiosity in pursuit of risk knowledge, conducting research and developing content to support and advance risk methodology and product design at Protecht.
Michael’s industry experience includes managing risk functions, assurance programs, policy management, corporate insurance, and compliance.