Risk-Based Performance Management Bootcamp
In the wake of the credit crunch in 2008/09, and the ongoing difficulties within the world economy, shareholders, boards and regulators are demanding that organisations and their executive teams develop greater understanding and insight into the organisational risk-taking. In particular, these stakeholders want to have confidence that the organisational risk appetite is well defined and cascaded through-out the organisation and they want to be assured that the organisation is ‘operating within appetite’: i.e there risk-taking is aligned to the appetite as encapsulated within the organisational strategy.
To effectively manage and monitor the relationship between risk appetite and risk exposure, thus driving strategic execution, organisations need to move beyond traditional, siloed performance and risk management approaches and instead take an integrated and aligned approach.
By attending this five-day interactive ‘bootcamp’ workshop, attendees will gain insights into the Risk-based Performance Management methodology. This methodology, which builds on, and integrates the Balanced Scorecard, COSO and ISO31000 frameworks, provides a proven approach to managing and monitoring strategic objectives, their risk appetite and risk exposure.
By attending this bootcamp workshop, attendees will gain detailed knowledge of enterprise and operational risk management and how to integrate into, and align with business strategy. They will also gain practical insights into developing a strategy and risk framework and an overview of the steps to complete to implement such a framework. Additionally, during the bootcamp all participants will have the opportunity to apply their learning to their own organisation during interactive sessions where they will develop an initial strategy and risk framework for their own organisation.
This interactive ‘bootcamp’ workshop will provide attendees with a deep understanding of developing and implementing a strategy and risk management framework, based on the Risk-based Performance Management methodology.
It will touch on the methodologies from which it evolved, Balanced Scorecard, COSO and ISO31000, and then move on to show how to use the methodology to integrate and align strategy execution and risk management processes to deliver the organisation's strategic and regulatory objectives.
- To gain an understanding of the Risk-Based Performance Management methodology;
- To develop an understanding of risk appetite and a clear, actionable framework for defining your risk appetite;
- To understand the relationship between strategic objectives, risk appetite and risk exposure and tools for managing this relationship;
- To understand the role of strategic objectives and key risks, how to define, integrate and align these;
- To understand the role of initiatives and actions, and how they are aligned to drive your complete change agenda;
- To understand the role of risk and control assessment and key indicators and how assessment and indicator data can be used together to drive better decision-making;
- To gain a detailed understanding of the Risk-Based Performance Management implementation roadmap;
- To gain an understanding of the Risk-Based Performance Management Maturity Model and how it can be used before, during and after implementation of a new strategy and risk framework;
- To develop a ‘first draft’ strategy and risk framework for each participants organisation.
|Sunday 24th||Monday 25th||Tuesday 26th||Wednesday 27th||Thursday 28th|
|09:00 - 10:30||Introductions & Expectations||Discipline 1 - Strategy Management||Recap & Questions||Recap & Questions||Recap & Questions|
|10:30 - 11:00||Coffee|
|11:00 - 12:30||Introduction to Risk-Based Performance Management||Exercise 2 - Mapping your business strategy||Exercise 3 - Defining your risk and controls framework||Indicators and Assessments||Exercise 7 - Culture|
|12:30 - 14:00||Lunch|
|14:00 - 15:30||Exercise 1||Discipline 2 - Performance Management||Exercise 3 - Defining your risk and controls framework||Exercise 4 - Indicators and Assessments||Recap|
|15:30 - 16:00||Coffee|
|16:00 - 18:00||Understanding the implementation plan / Developing a deployment roadmap||Discipline 3 - Risk Management||Discipline 4 - Appetite Alignment||Discipline 5 - Governance
Discipline 6 - Communications
This workshop is recommended for executives, managers, planners and analysts who are seeking the best practical knowledge and hands on experience in developing and implementing strategy execution and risk management frameworks, with a particular emphasis on financial services organisations.
The Risk-Based Performance Management Bootcamp workshop will be held between June 24th and 28th in Dubai (Venue TBC). The workshop fee is $3,500 (USD). To register your interest in this event please provide your contact information in the form below and a RBPM representative will contact you.
Risk-Based Performance Management (RBPM) is a strategic management methodology which integrates enterprise strategy, performance and risk management to enable organisations to align risk-taking to strategy to drive sustainable strategic execution. The RBPM methodology is designed to place risk management and specifically, risk appetite at the core of organisational strategy execution.
Building on existing management frameworks, such as the Balanced Scorecard, COSO and ISO31000 frameworks, Risk-Based Performance Management developed as a result of a series of engagements completed with clients in the UK financial services industry in 2006/07. The methodology was further refined during a year-long academic research project involving 21 financial services organisations in the City of London.
Andrew Smart is the Founder and CEO of Manigent, a specialist strategy execution and risk management consultancy, and the Founder and CEO of StratexSystems, a software company delivering integrated strategy and risk management solutions based on Microsoft SharePoint and the cloud.
Andrew helps organisations enhance their strategic execution by working with them to ensure that they have the strategic, process, system and people capabilities to enable robust management discussions, decision-making and action taking.
He is also the originator of the Risk-Based Performance Management (RBPM) methodology and has more than 15 years experience delivering strategic execution and risk management solutions in the UK, Europe and the Middle East. He holds an MBA from Henley Business School and is a Professional member of the Institute of Operational Risk.
Prior to starting Manigent and StratexSystems, Andrew was a freelance strategic execution and risk management consultant working within public and private sector organisations. He was also the Chief Operating Officer (COO) of a leading Business Intelligence and Performance Management software company.
When: 24th-28th June 2012
Where: Venue TBC - Dubai
Who Should Attend: CROs, Directors, heads, General Managers, senior Management and Managers of: Operations, Operational Risk Management, Enterprise Risk Management, Internal Audit, Compliance, Credit Risk, Market Risk, Operational Risk
Register your details below: