In today’s rapidly changing and complex business landscape, effective risk management is not just a good practice—it’s a crucial necessity. Whether you’re a seasoned professional looking to sharpen your skills or a newcomer to the field, this training will equip the participant with the knowledge and tools to identify, assess, and mitigate risks, making his/her organization more resilient and better prepared to navigate the uncertainties of the modern world. Over the course of this training, the participant will delve into the fundamental principles of risk management, explore practical strategies for risk identification and mitigation, and gain insights into the latest industry standards and best practices. Our goal is to empower the participant with the skills and confidence to proactively manage risks, protect organization’s assets, and contribute to its long-term success.
TRAINING OBJECTIVES
By the end of the training the participant should be able to:
Understand the basic Risk Concepts
Understand risk Frameworks and Standards, such as ISO 31000 and COSO ERM.
Identify, assess and analyse risks using various qualitative and quantitative techniques.
Prioritize risks based on their potential impact and likelihood.
Monitor and Report
Gain practical experience through case studies, exercises, and real-world examples.
Risk avoidance, risk transfer, risk acceptance, and risk reduction
Developing risk mitigation plans
Implementing risk controls
Risk Monitoring and Reporting
Key risk indicators (KRIs)
Risk tracking and reporting tools
Escalation procedures
Periodic risk assessment and reassessment
Risk Communication and Culture
Building a risk-aware culture in the organization
Effective communication of risk information
Training and awareness programs
Legal and Ethical Aspects
Ethical considerations in risk management
Legal obligations and responsibilities
Risk Management Software and Tools:
Introduction to software and tools for risk assessment and tracking
Case Studies and Practical Exercises:
Real-world examples and case studies
Group discussions and exercises to apply risk management concepts
NB: The content and depth of the training can vary based on the specific needs of the participants.
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
Onsite training
Online Training
a. Mombasa
a. Zoom
b. Nairobi
b. Webex
c. Naivasha
c. Google meets
d. Machakos
d. Google teams
e. Thika
f. Nakuru
g. At work place
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This training is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. It is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this training, participants will be issued with a J.W Arichum & Associates certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
