Organisational Risk Leadership: Systemic Risk Analysis

This course maps to capability:
COST Prices include GST and are subject to change
Member
$595.00
QPS
$637.00
Corporate
$735.00
Standard
$980.00

Overview

Systemic Risk Analysis builds upon Day 1, to consider multiple organisational risks together as a single whole system. This is the key to optimisation of risk responses as a whole, and enables leaders to focus their efforts on shared root causes rather than working on risks one at a time. The new tools covered include Risk Relationships Matrices and Risk Treatment Pattern Analysis.

Course Content

Day 2 commences with a series of new ways to use mapping to enhance the understanding of risk inter-relationships and root causes, including ways to demonstrate the link between organisational culture and strategic risk. Risk prioritisation methods are compared and an alternative approach to the prioritisation of risk work is described. The major part of Day 2 introduces Systemic Risk Analysis as a powerful method for optimising risk responses as a whole. Risks Relationships Analysis is explained and practiced, as is Risk Treatment Pattern Analysis. This part of the day concludes with a session on the synthesis of risk analysis outcomes to create clear, optimised strategies for the management of risk. The last part of the day deals with different applications for Systemic Risk Analysis at the operational, strategic and Board of Governance level.

Course Outcomes

By the end of this course attendees should be able to:

  • apply several new forms of risk map to better understand the nature and inter-relationships of organisational risks;
  • understand the concept of response prioritisation and its value in optimising risk outcomes;
  • able to apply two powerful new tools to support Systemic Risk Analysis;
  • understand the purpose and importance of synthesising the initial outcomes from systemic risk analysis, to derive an optimised risk management strategy; and
  • understand the key elements of Systemic Risk Analysis and the ways in which it can be used to create value for leaders of organisations.

Benefits to your organisation

  • systemic, holistic response to organisational risks; and
  • improved optimisation of responses to organisational risk.

Benefits to you

  • a greatly expanded view of the nature of organisational risks and their implications; and
  • ability to lead or coordinate a systemic risk analysis process.