About this Course

Focusing on the protection of the business would result in a risk programme that, in theory, will meet regulatory compliance. However, the protection of the business goes beyond the mandate of meeting regulatory compliance. Compliance is expensive. It is hardly surprising that companies are looking for ways to reduce the cost of compliance or, better yet, leverage on compliance requirements develop competitive advantage. In many cases taking a risk management approach lowers cost by reducing redundant controls and disparate processes, and facilitates long term growth. The scope of protection against threats and degree of compliance depends on an organization’s risk appetite. When companies are financially successful, they can spend their way out of a compliance disaster. However, during less stable times, there is much less margin for error. This course covers the fundamentals of organizational risk management. A good understanding of risk management philosophies and practices will enhance the IT professional’s ability to provide effective technology solutions to partner efforts in establishing sustainable growth strategies. Participants will learn how to identify corporate vulnerabilities and hot spots, and recognise the residual risks. The will be able to develop practical work plans that they can introduce to their workplace

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