Day 1Fundamentals of Risk Management
Applied activity: In groups, analyse a fictional company's risk profile by identifying potential risks across various categories. Use a risk assessment matrix to evaluate their likelihood and impact, presenting findings to the class, including recommendations for risk prioritisation.
Output: A completed risk assessment matrix and a summary report of identified risks with recommendations.
- 09:00–09:54Defining risk management and its importance in enhancing business performance.
- 09:54–10:48Understanding types of risks: operational, financial, strategic, and compliance.
- 10:48–11:00Exploring the risk management process: identification, assessment, response, and monitoring.
- 11:00–11:30Coffee break
- 11:30–12:12Exploring the risk management process: identification, assessment, response, and monitoring. (continued)
- 12:12–13:06Introduction to risk management frameworks, including ISO 31000 and COSO.
- 13:06–14:00The role of risk culture in fostering organisational resilience.




