Modern Risk Management: Course Outline

Introductions, Objectives, Agenda

Key Risk Management Concepts - Building Common Understanding

• Key Risk Concepts (two parts of risk; uncertainty and others)

• Clearly Defining Risk

• The Risk Management "Process"

  • Objectives of the Wiltshire Consulting (WC) Systematic Process

  • WC Process Overcomes Issues in Other High Profile Processes

  • Risk Assessment (RA), Risk Management (RM) and Risk Communication (RC) Components

• Weighting to Impact

• Timeline: Pre 1650, 1650 to present

• Evolution in Overall Control Guidance

• Federal, Provincial & Municipal Directions

• Likely Upcoming Public Sector Directions

Understanding Risk Management in Modern Public Sector Organizations

• Enterprise / Integrated Risk Management

  • What is ERM/IRM anyway

  • Key features of ERM/IRM

  • Principles, Vision, Frameworks and Strategy

  • Implementation Challenges

Understanding the Systematic Risk Management Process

• Two techniques - Factoring and Systematic Assessment

• Walkthrough of Each Technique - when are they used

• Implementing Systematic Assessments in Modules

Practicing Risk Management - Preparing a "Context" before starting a Systematic Assessment

• Preparation Checklist

• Risk Matrix Exercise

"Hands-on" Practice

• Facilitated Exercise using an e-Tool (eRiskScorecard)

• Assisted Exercise using Manual Tools

Post Risk Assessment Session Strategies and Techniques

• Building and Implementing a Risk Management Plan

• Monitoring (Risk Management Plan, Risk Indicators)

Risk Communication

• Who are Stakeholders?

• Social Science Teachings about Risk Perception & Tolerance

• Considering Stakeholders is Key in Modern Risk Management

References, Internet Sources & Other WC Risk Management Training

Evaluation and Wrap-up

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