Workshop overview
In the wake of the credit crunch, understanding the acceptable level of risk that your organisation will take to achieve its organisational objectives, your risk appetite, and understanding the amount of risk you are currently taking, your risk exposure, is critical to ensuring your organisation not only survives these tough economic times, but thrives through them.
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 one-day interactive workshop, attendees will gain insights into the Risk-based performance methodology. This methodology, which builds on the Balanced Scorecard and COSO frameworks, provides a proven approach to managing and monitoring strategic objectives, their risk appetite and risk exposure.
About Risk-based performance
Risk-based performance a strategic execution methodology which enables organisations to integrate and align performance and risk management. It enables organisations to manage and monitor their strategic objectives, their risk appetite and risk exposure.
Risk-based performance was developed in by Manigent whilst working with a small number of organisations within the financial services industry and it was further refined during a year-long academic research project.
In the wake of the credit crunch, Risk-based performance has become increasingly relevant as organisations seek to clarify their strategic objectives, their risk appetite and risk exposure.
Workshop objectives
This 1-day interactive workshop will provide you with an introduction to the Risk-based performance methodology. It will touch on the methodologies from which it evolved, Balanced Scorecard and COSO, and then move on to show how to use the methodology to integrate and align performance and risk management processes to enhance strategic execution.
Objectives:
- To gain a conceptual understanding of the Risk-based performance methodology.
- 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 three different types of key indicators, how to define and apply these.
- To understand Strategic Activities and how to align to objectives and risks.
Who should attend
This workshop is recommended for executives, managers, planners and analysts who are seeking the best practical ideas in improving strategic execution, and in particular, in integrating and aligning corporate performance and risk management processes.
Risk-based performance - Managing with one eye on performance and one eye on risk.
The Presenter
Andrew Smart is the co-founder and Managing Director of Manigent, a specialist performance and risk management services company. 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 methodology and has more than 10 years experience delivering performance 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, Andrew was a freelance performance 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.
