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Risk Management

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To be or not to be in Business after a Crisis | Chris Miller | Consultant | B4Crisis

This document is the soft copy of the presentation by Chris Miller. Business continuity is often mistakenly thought of as a cost to business rather an essential investment in your business's 'survivability'.

Swiss RE reported in 2015 worldwide losses expected to reach USD$85B with approximately 26,000 deaths and insured losses estimated USD$32B. Some of the big disasters in 2015 included:

  • The earthquake in Nepal in April, which killed more than 8,800 people and damaged or destroyed nearly 900,000 buildings.
  • In August, an explosion in Tianjin (China) rocked the city within 170 dead and global supply chains disrupted.
  • Diseases such as the Zika virus, avian influenza and MERS continue to circulate.
  • Cyber-attacks, terrorism and severe weather increased droughts, flooding, heatwaves and wildfires.

How would your business survive these challenges, if similar events impacted on your operations?

Yes, most businesses have business interruption and other insurances. Check the fine print. You will be alarmed to discover the length of time between an adverse event taking your business offline and payment. What will you do in the interim? This is where business continuity can help you and your business 'to keep on keeping on', when your business will likely have negative cash flow and too many unanticipated outgoings.

Other benefits of business continuity management include:

  • Competitive advantage.
  • Regulatory compliance.
  • Brand and reputation protection.
  • Risk identification.
  • Operational improvements in your 'business as usual'
  • Knowledge capture
  • Cost savings and
  • Increased robustness and business resilience.

Please join the webinar on learn more about business continuity management and its advantages for your business.

What you learn:

Business continuity management (BCM) offers:

  • Skills and strategies to assist your business to survive a crisis such fires, floods, cyber attacks and other adverse events that can threaten your business survival.
  • Data from the United Kingdom (UK) demonstrates 75% of businesses without a business continuity plan (BCP) impacted by a crisis will be out of business within 2 years.
  • This webinar will provide you with tips and techniques to prepare and assist your business to be more resilient.
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Risk is inherent in all business practices, processes and decisions. Rapid growth of global markets is forcing organizations to become more proactive and responsive to risk.How to Leverage Risk Management to Conquer Projects | Dr. Hasnain Rizvi | CIO, Principal Agile Coach and Director of Education | AAA Institute

This document is the soft copy of the presentation by Dr. Hasnain Rizvi.

Risk is inherent in all business practices, processes and decisions. Rapid growth of global markets is forcing organizations to become more proactive and responsive to risk. Effective risk management is a critical success factor. Yet many organizations today face a crisis in project risk management. Introduction of total quality management, continuous improvement programs and the drive to radically redesign business processes requires an alignment with strong project risk management skills. Proficiency in these skills is a prerequisite to managing change and growth at all levels.

The presentation will illustrate how successful and effective implementation of risk management employs specific skills. Rizvi will outline how project risk management provides a structured and organized way to foster innovation and sustainable growth.

Practical insights from previous and current projects, along with RIZVI'S underlying competencies of project leadership and management, will be covered.

What will you learn?

  • Why do organizations need risk management?
  • Basic project risk principles, concepts and definitions.
  • Integrated risk management.
  • Lessons learned from complex mission critical programs.
  • RIZVI'S underlying competencies of project leadership and management.

 

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Risk Culture Building - The Future of Risk Management | Horst Simon | Director | Horwath Mak Ltd.

This document is the soft copy of the presentation by Horst Simon.

All companies are practicing some level of risk management, either on a formal basis, with policies, processes and systems, or on an informal basis, without any risk management structure. Those who are not good at risk management or doing nothing about risk management will be exploited by those who are good at it, so it is time to do some "stock-taking" of your risk management capabilities.To start this process an organisation first needs to get an accurate picture of the current level of risk culture maturity in the organisation; with this assessment complete, the task of Risk Culture Building can start.Risk Culture Building is the process of growth and continuous improvement in the way each and every person in an organisation will respond to a given situation of risk as to mitigate, control and optimize that risk to the benefit of the organisation.

What will you learn?

  • What is Risk Culture Building?
  • The 5 levels of Maturity of Risk Culture
  • How to assess the level of Maturity of Risk Culture in your business.
  • How to prepare an action plan to build an effective Risk Culture in your business.
  • How do I build a Risk Culture.

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