Business and corporate activities or
organizations involve the use of financial resources and require decision
making by executives and staff across the organization. This is made more
complex by varying demands of customers, clients and suppliers to the
organization. This may be complicated further by new government
regulations and actions of market competitors. All of these together create a
risk environment that impact an organization’s success, or failure.
With all of these complexities, the risks
faced by a business organization are numerous and many of them are
unquantifiable, and some have very serious consequences such as human injuries,
loss of capital or a migration of customers to the competition, or a breach of
regulations with consequential penalties or a suspension of its operating
license.
As part of ensuring business continuity as
well as operating efficiency, major errors and mistakes that contribute some of
these risks should be identified, managed and controlled before any significant
damage occurs. Executives and key staff members should be educated on
identifying and managing risk as part of ongoing business improvement as well
as business continuity by preventing major mishaps, unexpected disasters and
even fraud activities.
The purpose of this risk management program
is to assist the client organization to alert the staff and executives to risks
in their operating environment and how to identify and manage them as they
surface. Lack of this risk-sensitive thinking of the employees can be costly -
dragging down profitability as well as potentially endangering the organization
with financial losses, loss of reputation and operating franchise.
In this respect we recommend that all
employees of the organization, especially its managers and supervisors across
all departments and processes to be made aware of risks in their operating
areas and be encouraged to be proactive towards risk identification and control
through our program on risk management. We also suggest repeat learning about
risks and the process of risk management in various areas of operations in
order to reduce risk impact or occurrence. In this way the organization can
benefit very significantly from time savings, lower rate of errors and from the
cost of rectifying them, as well as creating a more productive environment.
This ANZ Institute course on risk management can also be the tool to develop a
risk-conscious culture in the company.
What am I going to get from this course?Self-paced online learning through the ANZI
learning management system for six months with ongoing self - assessment of
knowledge acquisition.
Upon completion :-
Upon completion, the learner would be able
to recognize risk issues at the workplace, undertake remedial actions and
improve work outcome. The learner would also be able to formulate risk
prevention or minimization procedures and help create a risk sensitive culture
in the organization.
Assessment :-
- Review questions to check learning progress
- Online assessment upon course completion
- Certificate of learning awarded for achieving a
satisfactory score
Recommended
for :-
- Business managers with company management
responsibilities
- Heads of operations of various organizations
and those who are responsible for managing resources and outcome, and
- Branch managers, technical professionals such as
engineers and their executives at work.
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