This essential training course is meticulously designed to equip participants with the knowledge and practical tools to proactively identify, assess, manage, and plan for strategic risks and potential disruptions. In an increasingly volatile, uncertain, complex, and ambiguous (VUCA) global environment, the ability to anticipate and respond effectively to threats is not merely about avoiding losses, but about safeguarding strategic objectives, maintaining competitive advantage, and ensuring long-term organizational resilience.
The course will cover a wide array of crucial topics, including the fundamental concepts of strategic risk management, systematic methods for identifying and categorizing diverse strategic risks, comprehensive approaches to assessing strategic risk impact and likelihood, developing robust strategic risk response and mitigation plans, the foundational principles of effective contingency planning, practical steps for building actionable strategic contingency plans, mastering crisis management and agile strategic response, seamlessly integrating risk management and contingency planning into the overarching organizational strategy, continuous monitoring, review, and learning from strategic risks, and finally, cultivating a truly resilient and adaptive organizational culture prepared for future challenges.
- Who Should Attend the Training
- Senior Leaders and Executives
- Strategic Planners
- Risk Managers and Analysts
- Business Continuity Professionals
- Project and Program Managers
- Board Members and Governance Professionals
- Anyone responsible for organizational resilience and long-term viability
Objectives of the Training
Upon completion of this training, participants will be able to:
- Articulate the core concepts of strategic risk management and its importance for organizational success.
- Systematically identify and categorize diverse strategic risks impacting their organization.
- Accurately assess the potential impact and likelihood of identified strategic risks.
- Develop effective strategic risk response and mitigation plans to minimize negative effects.
- Understand the foundational principles and purpose of contingency planning.
- Build practical and actionable strategic contingency plans for critical scenarios.
- Apply principles of crisis management and lead agile strategic responses.
- Integrate strategic risk management and contingency planning seamlessly into their strategic planning process.
- Establish processes for monitoring, reviewing, and learning from strategic risks and incidents.
- Contribute to building a more resilient and adaptive organization.
Personal Benefits
- Enhanced ability to anticipate and manage complex future challenges.
- Improved strategic decision-making under uncertainty.
- Greater confidence in navigating high-stakes situations.
- Development of systematic risk assessment and planning skills.
- Increased strategic value and impact within their organization.
Organizational Benefits
- Stronger protection of strategic assets and objectives.
- Reduced exposure to significant financial and reputational losses.
- Improved ability to respond effectively to disruptions and crises.
- Enhanced organizational resilience and adaptability.
- More informed and proactive strategic planning.
- Increased stakeholder confidence and trust.
Training Methodology
- The training will adopt a highly interactive and practical methodology, incorporating:
- Case studies of real-world strategic risk events and successful mitigation
- Hands-on workshops for risk identification, assessment, and planning
- Group exercises for developing contingency plans for specific scenarios
- Simulations of crisis response and strategic decision-making
- Tools and templates for risk registers and contingency plans
- Expert insights and facilitated discussions on best practices
Trainer Experience
Our trainers are seasoned risk management consultants and strategic leaders with extensive experience in designing and implementing enterprise risk management (ERM) frameworks and business continuity plans for diverse organizations. They bring a wealth of practical knowledge in risk assessment, crisis response, and strategic resilience, ensuring participants gain profound theoretical understanding combined with actionable skills for effective strategic risk management and contingency planning.
Quality Statement
We are committed to delivering high-quality training programs that provide tangible, transformative results. Our courses are meticulously designed, continually updated with the latest international standards and best practices in strategic risk management and resilience, and delivered by expert practitioners to ensure participants acquire relevant, effective skills and knowledge.
Tailor-made courses
We recognize that every organization faces unique strategic risks and operates within specific industry contexts. We offer customized training solutions that can be specifically tailored to your industry, specific risk profiles, existing risk management maturity, and desired resilience outcomes. Please contact us to discuss how we can design a bespoke program that aligns perfectly with your requirements.
Course Duration: 5 days
Training fee: USD 1300
Module 1: Introduction to Strategic Risk Management
- Defining strategic risk: Beyond operational and financial risks
- The importance of proactive strategic risk management in a VUCA world
- The link between strategic risk and organizational objectives
- Benefits of effective strategic risk management
- Overview of strategic risk management frameworks (e.g., COSO ERM)
- Practical session: Participants discuss recent strategic risks faced by their own organizations or industries and initial lessons learned.
Module 2: Identifying and Categorizing Strategic Risks
- Techniques for identifying potential strategic risks (e.g., PESTLE analysis, scenario planning, brainstorming)
- Common categories of strategic risks (e.g., market, competitive, regulatory, technological, reputational, environmental)
- Leading indicators of strategic risk
- Creating a strategic risk register
- The role of foresight and weak signals in risk identification
- Practical session: Facilitated brainstorming and categorization of strategic risks for a hypothetical business scenario.
Module 3: Assessing Strategic Risk Impact and Likelihood
- Methods for qualitative and quantitative risk assessment
- Defining impact scales (e.g., financial, reputational, operational)
- Estimating likelihood of strategic risk occurrence
- Using a risk matrix to prioritize strategic risks
- Understanding risk appetite and tolerance
- Practical session: Assessing the impact and likelihood of identified strategic risks using a risk matrix.
Module 4: Developing Strategic Risk Response and Mitigation Plans
- Strategic risk response options: Avoid, Accept, Mitigate, Transfer
- Designing effective mitigation strategies for high-priority risks
- Proactive measures to reduce risk exposure
- Building strategic resilience into core business models
- Allocating resources for risk mitigation efforts
- Practical session: Developing a mitigation plan for a prioritized strategic risk.
Module 5: Foundations of Contingency Planning
- Defining contingency planning: Preparing for specific potential disruptions
- The difference between risk mitigation and contingency planning
- Key elements of a robust contingency plan
- The importance of triggers and early warning systems
- Linking contingency plans to business continuity and disaster recovery
- Practical session: Identifying potential trigger events for a strategic contingency plan.
Module 6: Building Strategic Contingency Plans
- Steps in developing comprehensive contingency plans for critical scenarios
- Defining roles, responsibilities, and communication protocols during a contingency
- Resource allocation and pre-positioning for contingencies
- Testing and validating contingency plans through simulations
- Learning from actual incidents to refine plans
- Practical session: Developing a high-level contingency plan for a specific strategic disruption scenario.
Module 7: Crisis Management and Strategic Response
- Understanding the stages of a strategic crisis
- Principles of effective crisis leadership and decision-making under pressure
- Establishing a crisis management team and command structure
- Strategic communication during a crisis: internal and external messaging
- Reputation management during and after a crisis
- Practical session: A mini-crisis simulation exercise with discussion on strategic response.
Module 8: Integrating Risk Management and Contingency Planning into Strategy
- Embedding risk thinking into the strategic planning cycle
- Using risk insights to inform strategic choices and priorities
- Aligning risk appetite with strategic objectives
- The role of the board and senior leadership in strategic risk oversight
- Creating a culture of risk awareness and proactivity
- Practical session: Discussing how to embed strategic risk considerations into a typical annual strategic planning process.
Module 9: Monitoring, Reviewing, and Learning from Strategic Risks
- Establishing continuous monitoring mechanisms for strategic risks
- Key performance indicators (KPIs) for risk management effectiveness
- Regular review and update of strategic risk registers and plans
- Conducting post-incident reviews and extracting lessons learned
- Fostering organizational learning from near misses and successful mitigations
- Practical session: Designing a framework for ongoing monitoring of a strategic risk.
Module 10: Building a Resilient and Adaptive Organization
- Understanding organizational resilience: bouncing back and adapting
- Developing capabilities for agility and strategic flexibility
- Cultivating a culture of continuous learning and innovation in response to risk
- The role of diverse perspectives in enhancing resilience
- Leading for long-term strategic viability in an uncertain world
- Practical session: Brainstorming key characteristics of a resilient organization and identifying practical steps to build them.
Requirements:
· Participants should be reasonably proficient in English.
· Applicants must live up to Armstrong Global Institute admission criteria.
Terms and Conditions
1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.
Booking for Training
Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.
Or call us on +254720272325 / +254725012095 / +254724452588
Payment Options
We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:
1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.
2. Invoice: We can send a bill directly to you or your company.
3. Deposit directly into Bank Account (Account details provided upon request)
Cancellation Policy
1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
2. Participants may cancel attendance 14 days or more prior to the training commencement date.
3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.
Tailor Made Courses
This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com
Accommodation and Airport Transfer
Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588
