Course Overview
This course equips leaders and professionals with the knowledge and skills to seamlessly integrate risk management into strategic decision-making. It emphasizes aligning risk frameworks with organizational strategy to enhance resilience, agility, and long-term success. Through practical tools, case studies, and interactive sessions, participants will learn to anticipate risks and leverage risk insights to guide strategic choices.
Course Objectives
By the end of this course, participants will be able to:
- Understand the critical link between risk management and strategic decision-making
- Identify and evaluate strategic risks affecting organizational objectives
- Apply risk appetite and tolerance concepts to strategy development
- Integrate risk assessment tools within strategic planning processes
- Use scenario analysis and forecasting to inform strategic choices
- Develop effective risk communication strategies for stakeholders and leadership
- Overcome common challenges in aligning risk and strategy
- Foster a risk-aware culture to support proactive strategy execution
Who Should Attend?
- Senior Executives and Board Members
- Strategy and Business Development Managers
- Risk Managers and Compliance Officers
- Project and Program Managers
- Corporate Planners and Analysts
- Consultants involved in strategic advisory roles
Course Outline
Strategic Risk Management Foundations
- Understanding the role of risk in strategic planning
- Risk governance and leadership responsibilities
- Defining risk appetite and tolerance aligned to strategy
- Overview of enterprise risk management (ERM) frameworks supporting strategy
Identifying and Assessing Strategic Risks
- Techniques for identifying strategic risks (PESTEL, SWOT, risk workshops)
- Risk assessment methods tailored to strategic contexts
- Prioritizing risks based on strategic impact and likelihood
- Tools for visualizing and mapping strategic risks (risk heat maps, dashboards)
Embedding Risk in Strategy Formulation
- Integrating risk insights into strategic planning cycles
- Scenario planning and stress testing for strategic options
- Balancing risk and opportunity in decision-making
- Developing risk-informed strategic objectives and KPIs
Risk Communication and Decision Support
- Reporting risk information effectively to boards and executives
- Using dashboards and KRIs to track strategic risk exposure
- Facilitating risk discussions to support decision-making
- Overcoming biases and barriers in risk-informed strategy
Driving a Risk-Aware Culture and Continuous Improvement
- Building organizational capabilities to embed risk management in strategy
- Change management techniques to sustain integration
- Monitoring, reviewing, and adapting risk strategies
- Lessons learned from case studies of successful integration
- Group exercise: Developing an integrated risk management and strategic decision framework