Risk Management Systems (RMS) help organizations identify, assess, mitigate, and monitor risks that could impact their business operations. The framework is aligned with ISO 31000 (Risk Management) and provides a structured approach to managing uncertainties related to financial, operational, environmental, and safety risks.
This training program is designed to equip professionals with the knowledge and tools to implement a robust risk management framework, ensuring compliance with industry standards, including those referenced by Bureau of Indian Standards (BIS).
This program is beneficial for:
| DURATION | SUBJECT |
|---|---|
| 9:30 - 10:00 AM | Introduction & Program Objectives |
| 10:00 - 11:15 AM | Fundamentals of Risk Management - Definition and importance of risk management - Types of risks: Strategic, Operational, Financial, Compliance, Cybersecurity, Environmental |
| 11:15 - 11:30 AM | Tea Break |
| 11:30 - 1:00 PM | ISO 31000: Principles & Framework - Overview of ISO 31000 Risk Management Standard - Risk culture and governance - Roles and responsibilities in risk management |
| 1:00 - 2:00 PM | Lunch Break |
| 2:00 - 3:30 PM | Risk Assessment & Analysis Techniques - Risk identification methods - Qualitative vs. Quantitative Risk Assessment - Risk matrices and probability-impact models |
| 3:30 - 3:45 PM | Tea Break |
| 3:45 - 5:30 PM | Risk Treatment & Mitigation Strategies - Strategies: Avoid, Transfer, Mitigate, Accept - Implementing risk controls and contingency plans |
| DURATION | SUBJECT |
|---|---|
| 9:30 - 10:00 AM | Quick Review of Previous Day |
| 10:00 - 10:30 AM | Developing a Risk Management Plan - Steps to create a comprehensive risk management plan |
| 10:30 - 11:15 AM | Monitoring & Reviewing Risks - Setting Key Risk Indicators (KRIs) - Continuous improvement in risk management |
| 11:15 - 11:30 AM | Tea Break |
| 11:30 - 1:00 PM | Legal, Regulatory & Compliance Aspects - BIS & ISO standards compliance - Industry-specific risk regulations |
| 1:00 - 2:00 PM | Lunch Break |
| 2:00 - 2:30 PM | Business Continuity & Crisis Management - Developing crisis response strategies |
| 2:30 - 3:30 PM | Workshop: Risk Identification & Treatment Plan |
| 3:30 - 3:35 PM | Tea Break |
| 3:45 - 4:30 PM | Case Studies on Risk Management Failures & Successes |
| 4:30 - 5:00 PM | Discussion, Feedback & Conclusion |
