Risk Management in the Public Sector Training
5 Day Training
Dates: 21 – 25 October 2024
Locations: Grayston Ridge Office Park, Sandton
Platform: Available In-Class / Online
Price: Available on Request
Course Introduction
Prospen Africa’s Risk Management in the Public Sector Training aims to empower public sector employees and leaders with the knowledge and skills needed to effectively manage risks, protect public assets, and make informed decisions in the interest of government agencies and organizations.
Course Objectives
Upon completing the Risk Management in the Public Sector Training, participants should achieve the following outcomes:
Comprehensive Understanding: Participants will have a thorough understanding of risk management principles, including risk identification, assessment, mitigation, and monitoring.
Regulatory Compliance: They will be aware of the regulatory framework governing risk management in the public sector, ensuring compliance with relevant laws and standards.
Effective Risk Assessment: Participants will be able to identify, assess, and prioritize risks effectively, allowing organizations to focus their resources on high-priority risks.
Strategic Alignment: Participants will know how to integrate risk management into strategic planning, ensuring that risk considerations are an integral part of decision-making.
Risk Culture: They will be equipped to foster a risk-aware culture within their organizations, encouraging proactive risk management at all levels.
Communication Skills: Participants will have improved communication skills related to risk management, enabling them to convey complex risk information clearly and effectively.
Risk Monitoring and Reporting: They will be capable of implementing ongoing risk monitoring processes and producing meaningful risk reports for decision-makers.
Practical Application: Participants will be able to apply risk management principles in practical scenarios, including developing risk mitigation plans and strategies.
Certification: Participants will receive certificates of completion, indicating their proficiency in public sector risk management.
Who should attend?
Public sector employees, managers, and leaders responsible for risk management within government agencies and organizations.
Training Methodology
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Training Outline
Module 1: Introduction to Public Sector Risk Management
Session 1: Welcome and Overview
Introduction to the training program.
Importance of risk management in the public sector.
Objectives of the training.
Session 2: Fundamentals of Risk Management
Definition of risk.
Types of risks (strategic, operational, financial, compliance).
Risk management framework.
Session 3: Regulatory Framework
Risk governance and board
The risk universe
King IV
Understanding COSO and ISO 31000:2018
Regulatory regime and its impact
Public sector view of ERM
Legal and compliance considerations in the public sector.
Session 4: Risk Management Process
Risk identification.
Risk assessment.
Risk mitigation and control.
Risk monitoring and reporting.
Module 2: Risk Assessment and Mitigation
Session 5: Risk Identification Techniques
SWOT analysis.
Risk registers.
Historical data analysis.
Session 6: Risk Management Process
Probability and impact assessment.
Risk prioritization and ranking.
Risk appetite and tolerance.
Session 7: Risk Mitigation Strategies
Risk avoidance.
Risk reduction.
Risk transfer.
Risk acceptance.
Session 8: Developing Risk Mitigation Plans
Action plans and responsibilities.
Key performance indicators (KPIs) for monitoring progress.
Day 3: Implementation and Monitoring
Session 9: Risk Culture and Communication
Building a risk-aware culture in the public sector.
Effective risk communication within organizations.
Session 10: Integration with Strategic Planning
Aligning risk management with organizational goals and objectives.
Incorporating risk into strategic planning.
Session 11: Risk Monitoring and Reporting
Establishing key risk indicators (KRIs).
Creating risk dashboards and reports.
Escalation procedures for high-risk situations.
Session 12: Case Studies and Practical Exercises
Analysing real-world public sector risk management cases.
Group exercises and discussions.
Session 13: Review and Q&A
Recap of key concepts and takeaways.
Open discussion for questions and clarifications.
Session 14: Certification and Conclusion
Evaluation and assessment.
Distribution of certificates.
Closing remarks and future steps.
