Risk Management FUNDAMENTALS OF. The programme provides detailed insight into risk management and its implementation in organisations.

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1 2017 ONLINE FUNDAMENTALS OF Risk Management The programme provides detailed insight into risk and its implementation in organisations. The Risk Management Online Programme has been endorsed by the Institute of Risk Management South Africa (IRMSA).

2 COURSE DURATION ESTIMATED TIME DATE COST R 12 weeks (90 hrs) 8 hours per week Starting 1 August R What is the course about? The Fundamentals of Risk Management programme provides participants with an understanding of risk in an organisation and its alignment with strategy and planning processes. The training includes governance requirements, risk processes and methodologies, continual improvement of risk, and a detailed look at risk enablers. The programme provides practical guidance for the application of methodologies for undertaking the required risk activities such as risk assessments, control assessments and risk reporting. It contains a mix of theoretical and practical components to ensure development and practice of risk skills. MEET YOUR PROGRAMME Facilitator Vanessa Thurtwell (BA Honours: Environmental Management) She has 14 years of experience in risk, primarily enterprise and operational risk, and graduated in 2000 with a BA Honours in Environmental Management from the University of KwaZulu-Natal. Thurlwell s specialist skills include advising and implementing all phases of the risk cycle. These include: analysing risk maturity; conducting gap analyses against risk frameworks and regulations, including King III and ISO 31000; developing risk appetite and risk frameworks; facilitating risk activities including risk assessments, reporting and control assessments; and conducting training at all levels in an organisation. Other areas of risk in which she is proficient include business continuity ; environmental risk ; and sustainability risk

3 How will you learn online? The programme includes learning via online videos and audios, which are supported by a detailed Learner Guide and additional reading material. Quick exercises s are used throughout the programme to consolidate learning. Participants will prepare two assignments which will relate risk knowledge obtained to the situation in their own organisations. At the end of each week an assessment of 10 multiple choice questions will be conducted. What will participants have gained once they have completed the course? Participants will be equipped to implement the framework for managing risk in their organisation or business unit and to create and sustain risk partnerships. Participants will have sufficient knowledge to drive risk development and implementation and to facilitate risk activities and processes. Participants will have sufficient knowledge of risk drivers and enablers of risk to be able to assist all levels of the organisation to fulfil their risk-related responsibilities. Upon successful completion of the programme, participants will receive a certificate of competence from Stellenbosch University Who should attend? This programme is aimed at a range of participants, including those pursuing a career in risk, and newly appointed risk champions, risk managers and risk officers. Those in positions of leadership in organisations will also benefit as they are required to oversee risk. The programme will assist those personnel who are required to drive, coordinate and facilitate risk in their organisations or departments as part of their everyday duties. What are the admission requirements? Participants should have completed Grade 12 (or equivalent) and should have a good grasp of English (reading, writing and speaking) and basic computer and internet skills. No formal tertiary qualifications are required. For admission via Recognition of Prior Learning (RPL), the general rules will apply based on work experience, age, and maturity.

4 Weekly breakdown of the course 1 INTRODUCTION TO RISK MANAGEMENT Explain the aims and principles of risk Discuss legislation and governance relevant to risk Discuss the different governance and reporting structures, roles and responsibilities Describe characteristics of an organisational culture that is supportive of risk Describe the fit of risk in business and operations 2 STANDARDS AND GUIDELINES AND RISK STRATEGY Explain the aims and principles of risk Discuss legislation and governance relevant to risk Discuss the different governance and reporting structures, roles and responsibilities Describe characteristics of an organisational culture that is supportive of risk Describe the fit of risk in business and operations 3 RISK MANAGEMENT POLICY, RISK CLASSIFICATION AND CONTINUOUS IMPROVEMENT Outline the content of a risk policy incorporating all related elements IAC0401 Describe the options and processes for formulating risk categories or classification and taxonomy Describe the theories and principles, and use of different assessment methodologies available for continuous improvement processes Assessments 4 RISK MANAGEMENT FRAMEWORK COMMUNICATION AND CONTEXT Discuss the theory and principles of stakeholder analysis and Discuss the theory and principles of communication, systems and methodologies List and describe the different facilitation tools and techniques that can be used for risk List and describe the different tools and techniques for determining and monitoring internal and external contexts

5 Weekly breakdown of the course 5 RISK MANAGEMENT FRAMEWORK RISK IDENTIFICATION, ASSESSMENT AND EVALUATION Describe the principles, tools and techniques for identification, analysis and evaluation of risks 6 RISK MANAGEMENT FRAMEWORK RISK TREATMENT AND MONITORING AND REVIEW Describe the principles and processes for identifying treatment options, developing treatment plans and treating risks Describe the processes for evaluating the appropriateness of various risk treatment options through cost benefit analysis Discuss the principles and activities for monitoring progress with risk 7 RISK MANAGEMENT PROCESSES ASSIGNMENT Conduct a strategic risk assessment that covers stakeholders, context, risk assessment and treatment Assignment 8 RISK REPORTING AND ATTRIBUTES OF EFFECTIVE RISK MANAGEMENT Describe the principles of effective risk reporting and associated content Discuss the various reports that may be developed and utilised and the processes for analysing, evaluating and interpreting various reports Discuss the attributes of effective risk that allows for embedding of risk principles with business

6 Weekly breakdown of the course 9 RISK ENABLERS: CHANGE LEADERSHIP AND INFORMATION MANAGEMENT Describe how certain qualities and elements in an organisation enable change leadership and why they are so important to risk Describe the benefits of information systems for enabling risk Discuss the considerations to be taken into account when implementing an information system for risk (intranet or enterprise risk (ERM)) 10 RISK ENABLERS: PROJECT MANAGEMENT AND CUSTOMER STAKEHOLDER RELATIONSHIP MANAGEMENT Explain the aims and principles of risk Discuss legislation and governance relevant to risk Discuss the different governance and reporting structures, roles and responsibilities Describe characteristics of an organisational culture that is supportive of risk Describe the fit of risk in business and operations 11 RISK ENABLERS: COMMUNICATION AND RESEARCH AND ANALYSIS Describe the main components of communication, their application in the implementation of risk initiatives and their value as an enabler Describe the main principles of research and analysis and their application in risk and value as an enabler of risk 12 RISK REPORTING ASSIGNMENT Develop a risk report for the board or executive that can also serve as input information for the annual report Assignment Enquiries +27 (0) online@usb-ed.com Enrol now

7 ACC LEADERSHIP MANAGEMENT LOS BZV KGL NBO ADD Management programmes are actively presented in these countries. USB-ED will be expanding its executive development services in these countries. DAR LUN WDH GBE MSU HRE JHB MPM SHO DBN MRU CPT Western Cape, South Africa t: +27 (0) e: Gauteng, South Africa t: +27 (0) e: KwaZulu-Natal, South Africa t: +27 (0) e: Dar Es Salaam, Tanzania e: Addis Ababa, Ethiopia e: Rest of Africa t: +27 (0) e: INSPIRING THOUGHT LEADERSHIP ACROSS AFRICA At USB Executive Development (USB-ED) you will join a proudly African company that shares in the rich heritage and academic rigour of Stellenbosch University, yet offers the entrepreneurial culture of business. USB-ED was established as the designated public executive education provider within the University of Stellenbosch Business School (USB) in The company s footprint has since expanded across the continent, with local presences in South Africa (Cape Town, Johannesburg and Durban), in Addis Ababa, Ethiopia and in Dar es Salaam, Tanzania. USB-ED has won the PMR.africa Diamond Arrow Award in three countries: Botswana, Namibia and South Africa. The USB s international standing and reputation is confirmed by the triple crown international accreditations, EQUIS, AMBA and AACSB. Visit us at USB Executive Development