Course objective
By the end of this course, participants will:
- Understand the concept of a risk radar and its importance in proactive risk management.
- Identify the components of an effective risk radar and how they align with organizational strategy.
- Learn techniques for visualizing and prioritizing risks using a risk radar.
- Develop skills to interpret risk radar data and assess its impact on decision-making.
- Explore methods for integrating the risk radar into organizational governance processes.
- Practice communicating risk insights from the radar to stakeholders for informed decision-making.
- Assess the maturity of their organization's risk radar and create a roadmap for enhancement.
Course Program
Module 1: Introduction to the Risk Radar
- Definition and purpose of a risk radar
- The role of risk radars in dynamic business environments
- Case study: Successful use of risk radars in decision-making
Module 2: Components of an Effective Risk Radar
- Key elements: risk identification, categorization, and thresholds
- Aligning the radar with strategic objectives
Module 3: Interpreting Risk Radar Insights
- Translating data into actionable insights
- Linking risk trends to organizational decision points
- Identifying potential blind spots
Module 4: Governance and Integration
- Embedding the risk radar into risk management frameworks
- Risk radars for Government
Presenter
Deon van der Westhuizen (CIA, CA(SA), CTA)
Owner of several GRC businesses with more than 40 years' experience. Influencer on ethical transparent leadership, disruptor of strategic redesign around people, profit and planet, value creator in the AI and ESG space, consultant on Commonwealth-funded African projects around risk and integrated reporting. International speaker and consultant on issues of Governance, Risk, Combined Assurance, ESG and Supply Chain Sustainability. Shaping the future through our ESG projects in the mining, agriculture and education space in partnership with Net Zero Nexus, Digitree, Agile Online Learning and MuniratingSA.
Course Features
- Lectures 6
- Quiz 0
- Duration 3 hours = 3 CPD points for IRMSA, IIA and SAICA
- Skill level All levels
- Language English
- Students 709
- Certificate No
- Assessments Self
Features
- Powerful short course on key risks across industries today
- Risk-based decision making
Target audiences
- Chief Risk Officers, Risk Managers and Audit Committee Members
