Course description
Choosing and Using Key Risk Indicators
This one-day course discusses Key Risk Indicators (KRIs) and how they can effectively help an organisation prevent risk and take advantage of the opportunities posed by certain risks. The course reviews KRIs in detail and provides a framework for applying KRI management processes to improve risk awareness and goal completion in your organisation.
By attending this course, you will receive practical advice on how your organisation's management can both mitigate risk at its early stages and adjust risk management tactics to maximise the benefit of risk. You will also gain an understanding of:
- The methods and strategies for using KRIs efficiently
- Designing an efficient indicator programme in a risk management framework
- Improving returns as a result of monitoring KRIs
Upcoming start dates
Suitability - Who should attend?
This course is suitable for:
- Risk Managers
- Risk Practitioners
- Risk Champions
- Chief Risk Officers
- Internal Auditors
- Governance and Compliance Managers
- Consultants
- Operational Managers
- Credit Managers
- Regulators
Outcome / Qualification etc.
With a new portfolio of risk management skills and knowledge of Key Risk Indicators, you will be better able to seize opportunities presented by new risk conditions and improve returns to your organisation.
Training Course Content
This risk management course will cover the following topics:
- The nature and types of preventive KRIs
- Identifying root causes and event drivers for each of your key risks
- Quantifying risk thresholds in line with risk appetite
- How indicators shape an organisation’s risk culture
- Deciding strategies for effective reporting of risk indicators that lead to management action
- Discuss and evaluate the effectiveness of draft KRIs you have been considering for use in your organisation
Reviews
Average rating 5
Expenses
Fees for this course are:
- IRM members: £400 + VAT
- Non-members: £500 + VAT
IN-HOUSE TRAINING
The IRM also delivers this course in-house for groups, teams and companies.
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IRM - Risk Management Training & Qualifications - Open or Distance Learning
The Institute of Risk Management (IRM) is the leading body for professional Enterprise Risk Management (ERM). We provide globally recognised qualifications and training, publish research and guidance and set professional standards. We are a not-for-profit organisation, with IRM members working in all...
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