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Risk Management Strategy - Navigating Risk in Volatile Times

Name: Risk Management Strategy - Navigating Risk in Volatile Times
Price: 950.00 SGD

Training Provider: NATIONAL UNIVERSITY OF SINGAPORE

Course Reference: TGS-2025056075

S$950

Original: S$1,900

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About This Course

Upon completion of the workshop, participants will be able to:

- Establish a common understanding of risk management concepts and terminology as part of a common language aligned to industry practice.

- Understand the importance of risk management for SMEs and its impact on business resilience and growth.

- Identify and categorize common risks faced by SMEs, including financial, operational, strategic, and compliance risks.

- Learn effective risk assessment techniques to prioritize risks based on severity and likelihood.

- Develop risk mitigation strategies and action plans to address identified risks.

- Integrate risk management principles into the organization's culture and decision-making processes.

- Establish a robust risk monitoring and review system for continuous improvement.

- Implement governance and regulatory compliance measures to mitigate legal risks.

- Enhance financial risk management strategies to safeguard the SME's financial stability.

- Demonstrate an understanding of the inter-relationships of key risks and common controls.

What You'll Learn

Effective risk management is crucial for the sustainable growth and success of small and medium-sized enterprises (SMEs). It is an essential practice for SMEs to navigate uncertainties and protect assets. This two-day workshop on Risk Management for SMEs aims to equip participants with the knowledge and practical skills needed to implement a robust risk management program tailored to the unique needs of SMEs. Attendees will learn the fundamentals of risk identification, assessment, and mitigation while understanding the significance of embedding risk management into the organization's culture. Through interactive discussions, case studies, and hands-on exercises, participants will gain valuable insights into building a proactive risk management framework to protect their businesses from potential threats and capitalize on opportunities for growth. By the end of the course, participants will be equipped to proactively manage risks and make informed decisions that drive success for their SMEs.

Entry Requirements

Participants should preferably:

• have at least 3 years of working experience or start-up experience

• in leadership roles in organisations

• be familiar with governance and compliance

• be familiar with business risks