This webinar will demonstrate a conceptual framework and thought process to address risk management. It will discuss the significance of risk management processes with emphasis on causes of risk and risk preventives. The instructor will explain the best practices, roles and responsibilities, risk types and how to prevent them.
The US business environment, as well as those of other countries, has experienced risks of varying magnitude over the years. In recent times, there have been a plethora of risk episodes. Many of these could have been avoided or managed effectively if the entities involved had in place sound risk management practices.
This presentation will allow participants to step back and reflect on all aspects of the risk spectrum with emphasis on the causes of risk and risk preventives. It will help formulate a risk management process in an organization and prove helpful as a continued learning experience for individuals with the responsibility of overseeing risk, managing the risk environment, and providing risk education. The case study contained in the presentation will generate significant insight into the consequences of a risk episode, the causes of the risk episode, and the risk preventives that were lacking.
To provide an in depth understanding of the risk in terms of:
- Risk management thought spectrum
- The risk environment of a business
- Types of risks
- Causes of risk
- Risk preventives