Strategic Risk Management

With the accelerating advancements in information and communication technologies, coupled with continuous changes in the political, legislative, and environmental landscape, it has become essential to anticipate the types of risks that could hinder an organization from achieving its strategic objectives. The COVID-19 pandemic serves as a real-world example of unforeseen risks that can profoundly impact all aspects of life. A common misconception is that strategic risks are limited to, or synonymous with, financial risks. In reality, financial risks are just one type of risk organizations may face. Other risks include business model risks, operational and organizational risks, and governance risks. Therefore, it is critical for managers to enhance their skills in identifying risks and developing plans to address them. This program aims to equip participants with the knowledge and skills necessary to manage risks effectively, minimizing their potential impact on organizational strategic plans.

Upon completing the program, participants will be able to:

Identify different types of strategic risks.
Define the components of the risk management process.
Distinguish between various risk-handling approaches.
Understand the concept of peripheral vision and how to establish systems to detect weak signals that could determine an organization’s fate.
Recognize the main components of the COSO II framework for enterprise risk management.
Identify the key components of the RIMS model for assessing risk management maturity.

Senior management leaders.
Members of vision realization offices.
Members of strategic planning departments.
Performance ambassadors.
Members of performance management departments.
Project managers.
Internal audit department staff.
Individuals interested in preparing performance reports.
Members of organizational development and quality departments.

Please provide your contact information, and our team will reach out to you as soon as possible.
Contact Us

Training Program Content

Intellectual Property Rights

Strategic Risk Management | Unit 1

Introduction and Opening Questions
Concept of Risk Management
Definition of Risks

Strategic Risk Management | Unit 2

Overview of Risk Management
Why Strategic Risk Management is Essential
Review: Questions and Answers

Strategic Risk Management | Unit 3

Fundamentals of Risk Management
Risk-Handling Approaches

Strategic Risk Management | Unit 4

Risk-Handling Approaches
Risk Assessment
Required Training Exercises

Strategic Risk Management | Unit 5

Australian Standard
COSO Framework
ISO Framework

Strategic Risk Management | Unit 6

Forming an Opinion on the Adequacy of Risk Management Processes
Key Risks Facing Corporate Boards
Lines of Defense Within Organizations
Role of the Board and Senior Management in Risk Management
Review: Questions and Answers

Certification Exam

Strategic Risk Management Program Exam (C3)

About the Author

Dr. Hisham Danana

Vice President and General Manager, EFESO.
Over 30 years of experience in marketing, product management, IT management, services, industry, and engineering across the USA, Netherlands, Germany, Egypt, and the Gulf region.
Holds a PhD in Business Administration (Marketing), an MBA, and Bachelor’s and Master’s degrees in Biomedical Engineering.
Certified in Management Consulting from the Institute of Management Consultants, UK.
Certified in QPR (Balanced Scorecard) from Finland.
Member of the American Management Association, Academy of Management, International Association of Service Managers, American Healthcare Association, Egyptian Engineers Syndicate, Egyptian Society for Quality in Healthcare, Young Businessmen Association, and the Institute of Management Consultants, UK.

Program Statistics

1 Training Program
+98 Registered Trainees
Not Enrolled
Program Cost: $400.00 USD
Program Content: 20 Lessons
Certification Exam for Program Completion
Training Program Certificate