TRAINING: Risk-based decision making for Board members

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Original price was: €3,000.00.Current price is: €2,500.00.

We offer 30 minute, 2 hour, half-day, one or two-day training programs specifically designed for executives, Audit Committee members, Board members and senior decision makers. This training is built around some of best risk analysis and decision-making tools used by CIA and largest global corporations.

Description

We offer 30 minute, 2 hour, half-day, one or two-day training programs specifically designed for executives, Audit Committee members, Board members and senior decision makers.

Below are just some of the critical topics covered in our training courses:

  • Development and implementation of practical tools for making strategic, operational and investment decisions based on risk
  • The psychology of risk perception and the development of risk management culture
  • Integration of risk management into strategic asset allocation, budgeting, investment activities, reporting and other key business processes across the organization
  • Quantification of the impact of risks on the objectives and KPIs of the organization as whole or individual investments (decision trees, tools, Monte-Carlo simulation, the use of scoring models for non-financial companies).
  • Recommendations to meet the requirements of regulators and global trends in the field of risk management, including applicable ISO 31000 2018, COSO:ERM 2017 and other risk management requirements.

All of our courses involve wide-ranging practical case studies and exercises. We offer training sessions in Russian and English.

Course overview

  • Why manage risks systematically?
  • Common challenges in decision making (cognitive biases, hidden agendas, weak motivation, lack of competencies)
  • Risk management as a powerful decision-making tool (from CIA toolkit to advance risk management modeling and simulations used by Nassim Taleb and others)
    • Step 1. Key assumptions check
    • Step 2. Data quality control
    • Step 3. Running simulations using monte-carlo
    • Step 4. Devil’s advocate and other contrarian techniques
  • A roadmap for risk management integration and auditing risk management effectiveness

Examples from the course

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