Certified Risk Management Professional (CRMP)

About the Course

This 5-day  comprehensive Certified Risk Management Professional (CRMP) training course will equip participants with the essential knowledge and skills to manage organisational risks effectively. It explores the intricacies of risk management, providing a deep understanding of how structured risk management processes can enhance decision-making and contribute to achieving organisational objectives, tailored for professionals across various roles who are responsible for governance, risk, and compliance, offering them the tools to identify, assess, and manage risks in a way that aligns with their organisation's strategic goals.

Delegates will gain insights into the critical relationship between risk management, governance, and sustainability, emphasizing the importance of integrating risk management practices into the core of organisational governance, highlighting the role of risk management in fostering a culture of accountability and transparency, ensuring that all levels of the organisation are equipped to recognise and respond to potential risks. Focusing on practical applications enables delegates to develop robust risk management frameworks, implement effective risk response strategies, and enhance their organisation's resilience against unforeseen challenges.

This training program is also designed to address the evolving nature of risk in today's dynamic business environment. By understanding the principles and frameworks outlined in international standards like ISO 31000, delegates will be better prepared to navigate the complexities of modern risk landscapes. It emphasizes the importance of communication, behavior, and organisational culture in risk management, ensuring that delegates leave with a complete understanding of managing risks effectively. This provides them with the expertise needed to contribute to their organisation's risk management efforts and support its long-term success.

Core Objectives

By the end of the training course, delegates will be able to:

• Analyse the role of risk management in achieving organisational objectives and optimising decision-making processes
• Evaluate the relationship between risk management, governance, assurance, and sustainability within the context of organisational strategy
• Identify various types of risks, including positive and negative risks, that organisations may face in today's business environment
• Understand the principles and processes outlined in ISO 31000 and their importance in establishing effective risk management frameworks
• Apply key tools and techniques to assess risks and select appropriate actions and controls that align with organisational goals
• Communicate risk management strategies and information effectively across all levels of the organisation and to external stakeholders
• Determine the organisation's risk appetite and tolerance levels to guide decision-making and ensure alignment with strategic objectives

Training Approach

This training course emphasizes a blend of interactive lectures, hands-on exercises, and group discussions to reinforce key concepts and practical applications. Delegates will engage in scenario-based activities and real-world case studies to develop their risk management skills in a dynamic and collaborative environment. The approach encourages active participation, critical thinking, and the immediate application of learned techniques to organisational contexts.

The Attendees

This training course is designed for professionals involved in governance, risk management, compliance, and decision-making at various levels within an organisation. It is ideal for individuals seeking to enhance their ability to identify, assess, and manage risks in alignment with organisational objectives and regulatory requirements.

Likewise, it will be valuable to the professionals but not limited to the following:

• Executives and Board Members
• Assistants to Executives and Board Members
• Internal/External Auditors
• Compliance Officers and Managers
• Governance Professionals
• Risk Managers
• Governance, Risk Management, and Compliance (GRC) Professionals
• Legal Professionals
• Regulatory Representatives
• Company Executive Secretaries
• IT Professionals in Governance, Risk Management, and Compliance
• Managers responsible for Governance, Risk Management, and Compliance Activities

Daily Discussion

DAY ONE: RISK MANAGEMENT AND ORGANISATIONAL OBJECTIVES

• Role of Risk Management in Achieving Organisational Goals
• Relationship Between Risk Management, Governance, and Sustainability
• Types of Risk: Positive and Negative Risk Concepts
• Understanding ISO 31000: Principles and Framework
• Integrating Risk Management with Organisational Governance
• The Benefits of Risk Management for Decision Making
• Aligning Risk Management with Strategic Objectives

DAY TWO: RISK MANAGEMENT FRAMEWORKS AND PROCESSES

• Establishing a Risk Management Framework – What are the key elements?
• Developing and Implementing Risk Management Processes
• Techniques for Risk Identification and Categorisation
• Risk Assessment: Methods for Analysing and Evaluating Risks
• Risk Response Strategies: Selection and Implementation
• Monitoring and Reviewing Risk Management Effectiveness
• Reporting and Documenting Risk Management Activities

DAY THREE: RISK CULTURE, COMMUNICATION, AND ORGANISATIONAL BEHAVIOR

• The Role of Culture in Effective Risk Management
• Building a Risk-Aware Organisation: Strategies and Approaches
• Effective Communication of Risks Across Organisational Levels
• Influence of Behavior on Risk Management Practices
• Engaging Stakeholders in the Risk Management Process
• Enhancing Accountability and Transparency in Risk Management
• Developing a Communication Plan for Risk Management

DAY FOUR: RISK ASSESSMENT TOOLS AND CONTROL MECHANISMS

• Overview of Key Risk Assessment Tools and Techniques
• Qualitative vs Quantitative Risk Assessment Methods
• Selecting and Implementing Appropriate Risk Controls
• Continuous Monitoring and Adjustment of Risk Controls
• Integrating Risk Management Tools with Business Processes
• Using Technology to Enhance Risk Management Efficiency
• Risk Management Documentation and Reporting Best Practices

DAY FIVE: RISK APPETITE, TOLERANCE, AND STRATEGIC ALIGNMENT

• Organizational Risk Appetite and Tolerance Levels
• Risk Appetite with Organisational Goals and Strategies
• Building Consensus on Risk Tolerance Across the Organisation
• Organisational Resilience through Effective Risk Management
• Reporting to Senior Management and the Board on Risk Compliance
• Understanding Regulatory Requirements and Compliance Obligations
• Strategies for Managing Emerging Risks in a Dynamic Environment
• Comprehensive Examination