Business Risk Management Workshop (1 day, for in-house presentation only)
What is Business Control, and Why Is It Important? (2 hours)
Control in the Age of Empowerment
Hard and soft controls
Why Business Control Is Important
Business Control Myths and Realities
Responsibilities for Controlling the Business
What's In It For Me?
The Business Risk Management Process
(6 hours)
How to Define Business Objectives
How to Identify and Assess Threats to Accomplishing Those Objectives
(i.e., Risks)
How to Identify and Evaluate Controls Over Those Threats
How to Develop an Action Plan to Improve Controls
How to Develop and Implement a Monitoring Plan
In each of these "how to" sections, managers work through
prepared exercises to develop their risk management skills. More important, they work
through the entire thought process with the manager of a related area. Each pair selects a
shared business process. They define several objectives for this process, identify and
assess risks to accomplishing each objective, and so forth. At each step of the thought
process, they get feedback from the instructor and their peers to help build their skills.
