Module 5: Measuring and Monitoring Operational Risks

Module 6: The Future of Operational Risk Management

Module 1: Introduction to Operational Risk Management

Understanding the fundamentals of operational risk management (ORM)

The role of senior executives in managing operational risks

Key risk categories and their impact on business operations

Introduction to risk management frameworks and standards

Setting up a robust risk management structure in an organization

Module 2: Identifying and Assessing Operational Risks

Techniques for identifying operational risks across departments

Tools for assessing and quantifying risk exposure

Risk assessment methodologies (e.g., FMEA, risk matrices)

Analyzing risk tolerance and risk appetite in your organization

Integrating risk assessment into strategic decision-making processes.

Module 3: Risk Mitigation Strategies and Tools

Developing effective risk mitigation plans for key business areas

Leveraging technology and data analytics in risk management

Implementing preventive and corrective actions

Crisis management: Responding to unforeseen operational risks

Evaluating the cost-effectiveness of risk mitigation strategies.

Module 4: Leading and Implementing Risk Management Initiatives

Aligning risk management strategies with corporate goals

Leading cross-functional teams in risk management efforts

Communicating risk policies to stakeholders effectively

Building a risk-aware culture throughout the organization

Change management strategies for implementing new risk processes

Module 5: Measuring and Monitoring Operational Risks

Key performance indicators (KPIs) for tracking risk management success

Ongoing risk monitoring: Tools, techniques, and best practices

Conducting regular risk reviews and audits

Adapting to dynamic risks in an ever-changing business environment

Continuous improvement and evolving risk management practices.

Module 6: The Future of Operational Risk Management

Emerging risks: Technological, geopolitical, and regulatory challenges

The impact of artificial intelligence and machine learning on risk management

Building adaptive risk management systems for future-proofing the business

Sustainable risk management practices: Aligning with global sustainability goals

Final project: Developing a comprehensive risk management plan for your organization.