Public Sector Risk Management Course
This risk management course provides answers to the key questions facing public sector managers and staff responsible for risk management. Based upon the ISO31000:2018 Risk Management Standard, this risk management course presents a practical, step-by-step approach to developing a risk management plan and implementing a risk management program for your public sector organisation.
Public sector entities are in the business of delivering outcomes. In the pursuit of these objectives, agencies face a range of uncertain events which can frustrate or completely derail their achievement. And whilst the survival of the public sector and its agencies are not at survival risk in the same sense that a failed company will be liquidated - the consequences of poor management of risk may include loss of reputation, autonomy, funding and authority.
Former Reserve Bank of Australia board member Warwick McKibbin notes;
uncertainty and risk management should be at the core of all policy design. The correct question should not be - how good a policy might be in the best possible world, it should be, what can go wrong and if the world turns out differently to that assumed?
|Duration||One session (8 hours in total)|
|Dates||Thu 12 Nov, 2020
Tue 15 Dec, 2020
|Time||9:00 AM - 5:00 PM|
|Venue||Due to COVID-19 this course will be delivered online, via a live video link|
$685 (GST free)
This risk management course for the public sector will cover the following content:
- What is risk and why are risks a reality for every organisation.
- The upside of risk: why eliminating all risks is not feasible or even desirable?
- An overview of the ISO31000:2018 Risk Management standard.
- Establishing the context for risk management.
- Risk identification, risk evaluation and risk communication.
- Reporting risk to stakeholders.
- Techniques for identifying risks whilst recognising how cognitive bias and conflicts of interest can distort risk identification.
- Methods for analysing risk and evaluating risk.
- Processes for treating inherent risk and assessing residual risk.
- Communicating and reporting in risk management.
- Reviewing risk management plans and embedding continuous improvement.
At the completion of this risk management course, you will be able to:
- Define risk management, identify common misconceptions and demystify the language of risk.
- Recognise the necessity of embracing upside risk.
- Understand the key elements of risk management.
- Identify the various risk focus areas.
- Recognise how to analyse and treat risk and identify and address unintended consequences of certain treatments.
- Apply the ISO31000:2018 Risk Management Standard.
- Understand integrated risk management, its challenges and contributions to organisational resilience.
- Develop and apply risk assessment: identification, analysis and evaluation of risks.
- The ALARP Principle and its role in determining limits to risk treatment options.
- Develop, implement and monitor risk management plans.
This risk management course for the public sector will be delivered as an interactive workshop consisting of an instructor-led lecture, group and individual activities. This training approach allows participants to work through concepts introduced by the trainer in an application-focused teaching environment. Participants will challenge their understanding of the concepts and consider their application once back in their individual workplace.
Due to COVID-19, this risk management course will be delivered online, via a live video link. Participants will also be able to access online activities and readings in the UTS Learning Management System (LMS) Canvas, to supplement these sessions.
Who is this course for?
This risk management course is suitable for managers, professional staff and technical experts across public sector organisations, who oversee or want to contribute to the appropriate management of risks as part of effective corporate governance.
In-house training solutions
This risk management course can also be customised and/or delivered in-house. Find out more.
About the presenters
Richard Walker is a Principal at AcademyGlobal. He has 30 years’ industry experience encompassing senior risk, operations and compliance roles with several leading global institutions. Richard has a detailed knowledge of financial mathematics, markets and products; the ability to differentiate the interests of stakeholders; and use of credit, cash flow, and financial ratio analysis to implement strategies. More recently, Richard has written and delivered bespoke training for clients drawn from the corporate, government, and financial services sectors in Australia, South East Asia, and the Middle East resulting in rapid knowledge transfer. His areas of focus include corporate credit risk, financial analysis, enterprise risk management, conduct risk and operational risk. Drawing upon his deep and varied experience, Richard is able to offer insights into the relationship between different risk categories; the application of financial analysis to enhance decision making; demonstrate the applicability to the regulatory environment; and critically, relate these to the organisation’s strategic priorities.
Paul Vorbach is a Director of AcademyGlobal and Honorary Professor at the University of Technology Sydney. Prior to establishing AG in 2004, he held executive roles at Deloitte and Citibank. Paul has conducted assignments in over 20 countries on 5 continents working with government and commercial sector clients across capability development strategy, training program design and course delivery. His areas of expertise include risk management, contract negotiation, finance and procurement. At Citibank, he was responsible for risk management across key parts of its investments, insurance and distribution businesses across Australia and Asia. Since 2000, Paul has developed and implemented risk management plans across financial services, agricultural, public sector, NFP and education sectors.
This risk management course has no prerequisites and is open to all members of the public.
This short course is presented by the university's Institute for Public Policy and Governance. Learn more about the Institute's research, industry collaboration, postgraduate programs and short courses.