Six Major Risks Faced by Management
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Description: The book covers the material in this webinar in much greater detail. In addition, the risk chapter includes exercises that provide in depth look at certain causes of risks. For each cause, the exercise asks for an estimate of the likelihood, consequences and risk level in the reader’s organization. This webinar will describe the six most common risk faced by management: Operational Risks Risks from Natural Disasters Information Security Risks Customer Satisfaction Risks Supply Chain Risks Logistics Risks. A tale of two companies -- Risk Management: The first company manufactures electronic Products in a highly competitive market. They are planning to bring out a new product this Christmas. The product has many separate parts some of which come from China. At one point in time delivery of a critical part was delayed and the company had to delay its marketing program. They did not have a secondary supplier. The company lost a large part of the market. The risk for them was failure to have a back-up manufacturer of the critical part. The second company has three manufacturing sites, one in a high storm area. A storm the size of Sandy hit that plant and it shut down for two weeks. Fortunately, the other two locations can manufacture the products made at the site being hit by the storm. It will cost the company over-time wages, but after some product line conversions, all product quotas can be met. The company had a risk management plan for disaster recovery. What are we seeing with these two companies? The first doesn’t do risk management, while the second one does. In the first there was no backup for the lost component, while the second spent money preparing for disasters. The risks affecting most organizations today have grown in number and cost. Do you know the major risks your organization faces today? Do you have the methodology to identify and manage them? This webinar will help you answer these questions. The last part of the webinar will describe a case study of IT management at a Health Management Organization. The business continuity planning in this case study concentrates on awareness of data security and data back-up protection. The end result is a reduction in the cost data management. Why Should you Attend: The number and types of risks facing organizations has grown large in the last few years. The global economy and the increased competitive environment have caused organizations to take many more risks. Your organization needs to understand its risks and develop strategies to prevent damage to its reputation and its bottom line. Objectives of the Presentation: The main objective is to help organizations determine the most important risks that apply to
their environment. As an example, if the facility is in a danger zone for hurricanes or other natural disasters, the organization needs to develop a business continuity plan. Who can Benefit: o Quality and Business Managers o
Financial Managers
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Internal Auditors
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Operational Risk Managers
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Supporting staff in operations and business management
Tuesday, January 22, 2013 10:00 AM PST | 01:00 PM EST Live Session for one participant
Price: $140.00 Corporate Live Session 3 to 4 participants in single location. (For muliple location contact customer care)
Price:$280.00 Corporate Live Session 5 to 10 participants in single location. (For muliple location contact customer care)
Price:$598.00 Recorded Session Access recorded sessions only for one participant unlimited viewing for 6 months.
Price: $200.00