Risk assessment is increasingly crucial to the strategic planning and sustainability of a business enterprise.
Knowing the risks that a business faces in terms of its products or services, its customer profile, and geographic locations can help directors and managers make better decisions that will help to keep the company out of trouble, help minimize losses, prepare for contingencies, and identify new product or service lines.
Good risk management practices can help to lower legal and regulatory costs, as well as to identify opportunities for expansion.
Learning Objectives:
- Learn what is entailed in risk management
- Learn why risk management is important to a business organization
- Learn about ISO 31000 and its approach toward risk management
- Learn how to design a risk management program
- Learn how to implement risk management in the organization
- Learn how to apply lessons learned from risk management into policies for the organization
Why Should You Attend:
Risk management is a useful tool that should be used by any business. Identifying risks and determining the range of options on how to deal with those risks can help to reduce losses and potential legal and regulatory troubles. Risk management can help decision makers in addressing choices and provides a mean of assessing whether a business should pursue opportunities.
Topics Covered
- What defines "risk"?
- Why is risk management important?
- Efforts to quantify or assess risk
- Evolution of ISO 31000
- Steps to take in developing a program to comply with IS) 31000
- Evaluating your risk management program
- Modifying risk management program and profiles
- Implementation of a risk management program
Instructor
Kenneth Barden is a Senior Anticorruption and Good Governance Advisor with the Governance and Rule of Law Team at USAID. For many years, Ken was an independent consultant for several international development projects, including ones funded by USAID, the MCC, World Bank, UN, Asian Development Bank and others.
Ken served as Team Leader for the USAID-administered MCC Threshold Indonesia Control of Corruption Project in Indonesia, working on anticorruption and judicial reform. Immediately prior to joining USAID, Ken was with the USAID Modernizing Financial Institutions project in the West Bank, where he led implementation of anti-money laundering and anticorruption activities.
Ken's experience includes work in Eastern Europe, Central and Southeastern Asia, Oceania, the Middle East and Africa. He also has over 15 years of experience in municipal government.
Ken holds a Juris Doctor from Indiana University, and a Bachelor's degree in Political Science from University of Indianapolis, as well as post-graduate work in Disaster Management from the University of Wisconsin and in International Humanitarian Law from the National Academy of Legal Studies and Research (NALSAR), in Hyderabad, India.