Fundamentals of Risk Management (FoRM)

Day 1:

Setting the scene

• Understanding risk maturity

• Understanding the risks around us

Day 2:

What is Risk?

• Learn How to define Risk

• Understanding how risk management can be used to both maximise opportunities and minimise threats

• Understanding the principles and processes of risk management

• Establishing the attributes of effective risk management

Context and Objectives

• Understanding the purpose and scope of risk management

• Establishing the relevant risk framework including roles & responsibilities, policies and appropriate guidance

• Develop an awareness of risk appetite

Day 3:

Risk Assessment

• Gain and Awareness of identification techniques

• Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties and risk matrices

• Practically applying risk assessment using case studies to identify and analyse

Day 4:

Risk Action

• Understanding risk treatment plans and smart actions

• Recognising control effectiveness

• Awareness of business resilience 

Day 5:

Monitoring, Communication and Reporting

• Techniques to keep the risk management process alive through effective monitoring and reviewing

• Develop an appreciation of effective risk reporting

• How to effectively communicate risk to all levels of your organisation and external stakeholders