Strategic Risk Management

Corporate risk is typically regarded as equivalent to financial risk. This is a major error because financial risk is only one element of an organisation’s risk profile. Other risks include change risk, operational risk and unforeseeable risk. Taken together they can be classed as strategic risk, and the question is then how to manage risk in all its dynamic complexity. There is a huge difference between understanding risk and managing risk. This course provides a unique tool kit for all managers who have to confront risk issues.

Topics covered

  • Background to risk.
  • The concept of risk management.
  • Strategic risk.
  • Change risk and project management as a tool for managing change.
  • Operational risk management.
  • Unforeseeable risk.
  • The risk interdependency field and the development of a process model.

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