Risk management: risk diagnosis methodology

Context and rationale

Companies are not only meant to be as profitable as possible. They must also implement internal control and risk management systems so that they can constantly analyse the risks incurred and their impact on the organisation itself, its products, its clients and all stakeholders.

This course will enable you to draw up an audit plan in line with the assignment's objectives and to carry out an internal audit assignment using suitable techniques and tools.

Training objectives

Identifying and preventing risks in the company's processes.
Deploying a method for analysing processes and identifying and assessing risks.
Identifying the issues related to risk management.
Establishing a risk management policy.
Auditing and preventing risks.

Training content

Identifying the risks incurred by the company

Definition of terms: risk, prevention, detection, exposure.
Risks specific to the company.
Risks of external origin.

Diagnosing risks in processes

Analysing processes step by step to detect areas at risk.
Determining the consequences of risks.
Detecting distortions in the processing of information (cognitive biases) and the perception of risk.
Building a risk ranking model: organisational, legal, economic.
Mapping process risks and prioritising them.

Defining the actions to implement

Setting objectives to cover risks.
Defining the actions to implement according to the importance of the risk.
Identifying the different types of solutions: organisational, legal, insurance.
Analysing feasibility.
Prioritising actions.
Involving operational staff in choosing these actions and communicating with them.

Establishing a risk management policy for processes

Building an overall risk management policy.
Communicating this policy within the company.

Monitoring actions

Setting up action monitoring indicators.
Measuring their effectiveness.

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