Integrated Risk Management

Risk is something we face every day. We deal with most day-to-day risk at a subconscious level; however, many risks require a little more consideration. Some risk takes us well out of our comfort zone and so we avoid it – sometimes at all costs. But risk is something that can and should be embraced; risk management is actually a very useful toolset for thought in everyday decision making and often the risk of not doing something can be greater than the risk of doing something.

IRM is a systematic and holistic approach to understand, communicate and manage risk across the organization allowing more timely, appropriate and effective responses. It is about the right people having the right information to guide strategic and tactical decisions that contribute to the achievement of an organization’s overall objectives.

This course is intended to provide an initial overview of integrated risk management – sometimes known as ‘joined-up thinking’ about risk. The story builds by firstly developing an understanding of risk itself and our attitudes to it, next we look at how we bring risk under our control by means of risk management, and finally we look at how we can take a more strategic view of risk and develop a consistent pan-organizational approach. All the way through, we will build the concepts into practical examples so that attendees can take away real experience of having ‘managed’ risk.

While not specifically a course on the Government of Canada’s Framework for the Management of Risk, this workshop will cover many of the same principles using the same terminology. And so, this course will be eminently suitable for anyone wishing to understand and apply the Framework.