Risk Management Strategy - Navigating Risk in Volatile Times

TGS-2023040121

Risk Management Institute (RMI)

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Objectives

Upon completion of the workshop, participants will be able to: - Establish a common understanding of risk management concepts and terminology as part of a common language aligned to industry practice. - Understand the importance of risk management for SMEs and its impact on business resilience and growth. - Identify and categorize common risks faced by SMEs, including financial, operational, strategic, and compliance risks. - Learn effective risk assessment techniques to prioritize risks based on severity and likelihood. - Develop risk mitigation strategies and action plans to address identified risks. - Integrate risk management principles into the organization's culture and decision-making processes. - Establish a robust risk monitoring and review system for continuous improvement. - Implement governance and regulatory compliance measures to mitigate legal risks. - Enhance financial risk management strategies to safeguard the SME's financial stability. - Demonstrate an understanding of the inter-relationships of key risks and common controls.



Who Should Attend

Business owners, SME senior management, line managers and operators who are engaged in or are likely to be engaged in risk management activities in the course of their business.




Entry Requirements

Participants should preferably:

  • have at least 3 years of working experience or start-up experience
  • in leadership roles in organisations
  • be familiar with governance and compliance
  • be familiar with business risks




Class Schedule




Lesson Delivery

Classroom (13 hrs)




Full Fees (before GST)

S$1900.00




Nett Fees payable after SSG Funding



International Participant Singapore Citizen 39 years old or younger Singapore Citizen 40 years or older eligible for MCES Singaporean PRs Enhanced Training Support for SMEs
Full Programme Fee S$1900.00 S$1900.00 S$1900.00 S$1900.00 S$1900.00
SSG Funding *
Eligible for Claim Period 1 Oct 2024 to 30 Sep 2027
- S$1330.00 S$1330.00 S$1330.00 S$1330.00
Nett Programme Fee S$1900.00 S$570.00 S$570.00 S$570.00 S$570.00
9% GST on Nett Programme Fee S$171.00 S$51.30 S$51.30 S$51.30 S$51.30
Total Nett Programme Fee Payable, Incl. GST S$2071.00 S$621.30 S$621.30 S$621.30 S$621.30
Less Additional Funding if Eligible Under Various Scheme - - S$380.00 - S$380.00
Total Nett Programme Fee, Incl. GST, after additional funding from the various funding schemes S$2071.00 S$621.30 S$241.30 S$621.30 S$241.30
*   Learners must pass all assessment components to be eligible for SSG funding. Please note that all external funding for courses is limited in duration and subject to availability.

** Please note that the mode of delivery is subject to change in light of the COVID-19 situation. Courses marked ‘online’ may have compulsory face-to-face sessions such as laboratory or hands-on components and details should be sought from the schools or departments before learners register for them.

Upcoming Course Dates
TBC

Delivery Mode**
Face-to-Face

Course Code
RMI-RMSNRVT

Funding Type
SSG Funding
Eligible for SkillsFuture Credit (SFC)
Alumni eVoucher (L3)

Type
Short Course

Stacks/ Bundles to
NA

Audit/Graded
Nil

Area of Interest
Business & Management
Leadership & Management