Risk-Informed Decision Making
This course helps leaders establish the conditions for reliable risk insight, challenge the information presented to them and apply it to strategic and operational decisions. Participants will explore how tone, culture, risk appetite, governance and consistent information enable confident decision-making, including when greater exposure may be justified in pursuit of an objective or opportunity.
Outline
- Risk-informed leadership, judgement and decision-making
- Setting the tone for effective risk management and constructive challenge
- Using risk appetite and tolerance to guide choices and escalation
- Establishing consistent, governed and usable risk information
- Interpreting, challenging and aggregating risk insight
- Applying risk insight to choices, priorities, opportunities and trade-offs
- Using technology to support oversight, traceability and timely action
Who is this for?
The course is designed for people in leadership positions who make, influence or oversee significant decisions. This also includes emerging leaders moving into roles with greater accountability.
What prior study is recommended?
Participants should have a general understanding of risk management and GRC concepts, gained through relevant professional experience or prior study. Attendance on the Introduction to GRC course is recommended for those without this background.
At the end of the course you should be able to:
- Explain how leadership behaviours, governance and constructive challenge create the conditions for effective risk-informed decision-making.
- Interpret risk appetite, tolerance and escalation criteria in relation to organisational objectives, opportunities and decisions.
- Evaluate and challenge risk information for plausibility, completeness, consistency, uncertainty and decision relevance.
- Apply risk insight to strategic and operational choices, priorities and trade-offs, balancing potential benefit with downside exposure.
- Explain how consistent data and appropriate technology support timely oversight, traceability, monitoring and leadership action.
For groups
This course can be customised and delivered at a location that suits you. Contact our training team to find out how we can support your training needs.