Businesses all over have priorities based on their own position compared with the market as well as the market itself. Attention is normally focussed onto the areas that the company perceives to have a higher business risk.
However, this is not so well structured and very often, business risks are not properly visualised or understood, especially as there is a lack of formality in understanding them. There is also a danger of not realising which are the greatest risks and which of them must be focussed upon by the organisation.
In order to improve business decision making, Risk Management today is rapidly gaining acceptance and is helping organisations manage their businesses better, which in today’s hypercompetitive environment is an imperative.
The Risk Assessment Workshop
A workshop format enables participants to both contribute and learn in a natural environment. The result is not only a ranked list of key risks, but a fascinating discussion about the control environment, risk appetite, and individual risk tolerances. As stakeholders walk away from the session their understanding of business operations, objectives and challenges has expanded and they are equipped with the knowledge and the detailed analysis to make improved business decisions.
The benefits of well-run business risk assessment
- A prioritized list of risks
- Discussion of risks by stakeholders
- Consensus about relative importance of risks among stakeholders
- Awareness of different viewpoints
- Understanding of where current control activities exceed risk appetite
- Holistic risk based management
- Systematic risk treatment by “Terminating, Testing, Transferring or Tolerating” the risk
- Setting best practice for managing the business
Who should attend?
- This workshop is a facilitation of an organisation’s executive team who contribute their own experiences, ideas and thoughts to determine business risks and identify through a rating process those that the organisation needs to prioritise and manage in order to run a successful, well managed and controlled business.
Workshop Objectives
- Identify the business risks related to organisation’s objectives
- Evaluation of risk factors
- Evaluation of Controls on identified risks
- Comparing strength of controls with regard to risk and vulnerability
What's included?
In-company one day workshop facilitated by Risk Management experts.
Contact us
If you have any enquiries, let us know how can we help you.
Call: +91 80815 80815
Email us: info.in@bsigroup.com
