Risk Management Training in Thimphu

This instructor-led, live training in Thimphu (online or onsite) is aimed at intermediate-level finance and accounting professionals who wish to effectively manage, value, and audit fixed assets in compliance with accounting standards and regulations.By the end of this training, participants will be able to:

• Understand the life cycle and classification of fixed assets.
• Apply local and international accounting standards in asset valuation and depreciation.
• Manage fixed assets with proper controls, tools, and procedures.
• Comply with legal and tax frameworks relevant to asset management and reporting.

This instructor-led, live training in Thimphu (online or onsite) is aimed at intermediate-level to advanced-level finance and asset management professionals who wish to optimize asset tracking, control, and compliance with international financial reporting standards (IFRS). By the end of this training, participants will be able to:

• Classify and configure fixed assets according to IFRS regulations.
• Manage asset creation, acquisition, and capitalization.
• Implement control measures for asset tracking and monitoring.
• Apply appropriate depreciation and amortization methods.
• Process asset movements, transfers, and disposals effectively.
• Ensure compliance with financial reporting and audit standards.

This instructor-led, live training in Thimphu (online or onsite) is aimed at intermediate-level internal auditors who wish to enhance their audit effectiveness by applying structured RCA techniques. By the end of this training, participants will be able to:

• Understand RCA methodologies and their role in internal auditing.
• Identify and analyze the root causes of audit findings.
• Apply RCA tools such as the 5 Whys, Fishbone Diagram, and Failure Mode and Effects Analysis (FMEA).
• Develop corrective and preventive action plans based on RCA findings.
• Integrate RCA into the internal audit process to improve risk management.

This instructor-led, live training in Thimphu (online or onsite) is aimed at intermediate-level professionals who wish to develop a systematic approach to identifying, analyzing, and resolving problems using RCA methodologies. By the end of this training, participants will be able to:

• Understand essential concepts of RCA and continuous improvement cycles.
• Apply different RCA tools to identify the root cause of problems.
• Develop and implement effective problem-solving strategies.
• Integrate RCA into organizational improvement and prevention efforts.

Course goal: To ensure that an individual has the core understanding of GRC processes and capabilities, and the skills to integrate governance, performance management, risk management, internal control, and compliance activities. Overview:

• GRC Basic terms and definitions
• Principles of GRC
• Core components, practices and activities
• Relationship of GRC to other disciplines

Overview Across the globe regulators are increasingly linking the amount of risk taken by a bank to the amount of capital it is required to hold and banks and financial services are increasingly being managed on risk-based management practices. The banks, their products, the regulations and the global market are becoming increasingly complex, driving ever greater challenges in effective risk management. A key lesson of the banking crisis of the last five years is that risks are highly integrated and to manage them efficiently banks have to understand these interactions. Key features include:

• the explanation of the current risk-based regulations
• detailed review of the major risks faced by banks
• industry best practices for adopting an enterprise approach to integrating risk management across an entire organisation
• using governance techniques to build a group wide culture to ensure everyone takes an active role in managing risks in line with the banks strategic objectives
• what challenges could be faced by risk managers in the future.

The course will make extensive use of case studies designed to explore, examine and reinforce the concepts and ideas covered over the five days. Historical events at banks will be used throughout the course to highlight how they have failed to manage their risks and actions that could have been taken to prevent loss. Objectives The objective of this course is to help bank management deliver an appropriate integrated strategy for managing the complex and changing risks and regulations in today’s international banking environment. Specifically this course aims to give senior level management an understanding of:

• major risk within the financial industry and the major international risk regulations
• how to manage a bank’s assets and liabilities whilst maximising return
• the interaction between risk types and how banks use an integrated approach for their management
• corporate governance and the best practice approaches to managing the diverse interests of the stakeholders
• how to develop a culture of risk governance as a tool for minimising unnecessary risk taking

Who should attend this seminar This course is intended those who are new to integrated risk management, senior management responsible strategic risk management, or those who wish to further their understanding of enterprise risk management. It will be of use to:

• Board level bank management
• Senior managers
• Senior risk managers and analysts
• Senior directors and risk managers responsible for strategic risk management
• Internal auditors
• Regulatory and compliance personnel
• Treasury professionals
• Asset and liability managers and analysts
• Regulators and supervisory professionals
• Suppliers and consultants to banks and the risk management industry
• Corporate governance and risk governance managers.

Training course is focused on the information security risk management process introduced by ISO/IEC 27005 and the structure of the standard.

The course provides an overview of the guidelines of ISO/IEC 27005 for managing information security risks, including context establishment, risk assessment, risk treatment, communication and consultation, recording and reporting, and monitoring and review.

After attending the training course, you can enroll for the Foundation Exam and, if you successfully pass it, you can apply for a “PECB Certificate Holder in ISO/IEC 27005 Foundation” certificate.

Foundation Exam ( extra cost): Duration: 1 hour, Questions: 40, Where: Online

A PECB Foundation certificate shows that you have knowledge on the fundamental concepts, principles, methodologies, processes, and management approaches used in information security risk management.

This course is aimed at Project Managers and those interested in Risk Management within Projects.

INTRODUCTION Globalisation, transformed markets, intense competition and new technologies have converged to make organisational management focus more sharply on making certain that every internal programme and project achieves all intended results. Stakeholders are demanding that the internal and external forces of change are managed with the type of programmes that will enable the organisation to thrive in the face of change. Holding departments accountable for results is the essence of this unique seminar that presents the principles and practices on which Results-Based Management (RBM) is founded. This Results-Based Management training course enables staff and managers to align, develop and review ongoing planning and reporting that is essential to the success of any public or private programme. This training seminar provides an understanding of the processes needed to bring different business teams together to (a) better manage and measure the outcomes of their respective programmes and projects; (b) keep a project under control; and (c) achieve stated objectives and goals.   This training course will highlight:

• The multiple processes of Results Based Management (RBP)
• The critical role of monitoring in demonstrating the performance of programs and projects and in steering the implementation process towards the intended results
• Developing realistic programme objectives and measures to assess project outcomes and impact
• Developing a results-based project framework
• Project and program scheduling and reporting
• Monitoring, evaluating and strengthening the effectiveness of a program

OBJECTIVES This training course is designed to achieve five key objectives.  At the end of the session you will learn how to:

• Apply current best practices in Results-Based Management (RBM) 
• Demonstrate how to realise the potential for Results-Based Management (RBM) 
• Design a RBM approach for involving all stakeholders
• Control RBM projects and measure outcomes
• Enable your teams to apply Results-Based Management (RBM) in their own activities

TRAINING METHODOLOGY This training seminar uses a number of learning tools including but not limited to:

• Case studies on real life examples of RBM
• Round table discussion groups to review and qualify the actual projects - ongoing or at the planning stage - by members of the group
• Video references on examples of the skills necessary to achieve results
• Presentation media on the steps to achieve RBM
• Open discussions on ideas and experiences with the participants

ORGANISATIONAL IMPACT The organisation will benefit from this training seminar in the following ways:

• Improve the understanding of the principles, norms, standards, processes and responsibilities governing planning, monitoring and evaluation
• Overcome any resistance to using Results-Based Management
• Develop more efficient methods of controlling cost and outcomes
• Help staff members bring results to the forefront of their ongoing planning and reporting documents on a regular basis
• Overcome the pitfalls of project plans that delay and burden projects

PERSONAL IMPACT The participants of this RBM training seminar enjoy many benefits personally and professionally in the following manner:

• Helping staff learn to focus on the issues that deliver the maximum results to their on-going planning and hard work
• Improving the communication skills that win over important stakeholder “buy-in” to improve their expectations to gain their power of influence
• Reduce the risks of carrying forth long projects that could lead to disappointing results and possible failure
• Learn the importance of monitoring and evaluation techniques to indicate the way to successful results
• Overcome the resistance from stakeholders by enabling solid evidence that secures your funding

WHO SHOUD ATTEND? The NobleProg course “Result-Based Management” is designed to benefit experienced managers from any specialism within your organisation who have responsibility for successful execution of programmes and projects. It will develop high level managerial skills that are vital in achieving and sustaining continuous performance improvement. This training course will particularly benefit the following professionals:

• Strategic and Operational Planning Specialists
• Supply Chain and Logistics Team Members
• Financial Managers
• Marketing and Business Development Staff
• Human Resource Managers

Course Objectives:

• This will be a one-day course and after the activity the trainees/participants will be able to:
  1. Define what is a risk, its origin and impact on the business as manifested by their increase awareness on the topic.
  2. Cite different instances that will be helpful for the organization to limit and, ideally eliminate risk.
  3. Perform proper forecasting of risk and challenges in a proactive manner.
  4. Discover numerous techniques to identify, mitigate and limit risk.
  5. Collaborate with internal channels to strengthen risk management for the organization as a whole.

The training allows you to learn in practice aspects of risk management in projects. As part of the training participants learn about international standards-based procedures, techniques and tools used in many organizations that allow them to plan the management of challenges in projects, classify them and prepare to consciously manage situations with low predictability and crisis situations.
The training is dedicated to those interested in developing competence in risk management - one of the main elements of conscious management of Project Managers, Scrum Masters.
The training consists of a substantive part, workshops, practical examples.

Audience:

• All Management Roles
• Accountable Managers, Safety or Risk Post Holders
• Prospective Managers looking to elevate their risk & safety management skills.

Overview: The course introduces the discrete elements of a modern risk management process through the development of a Safety Management System (SMS). The course demonstrates how they can be used to manage risk within modern socio-technical systems. The establishment of an effective SMS is an increasingly popular methodology for the management of risk in complex and safety critical systems. The course will give candidates the ability of building and adapting safety and risk systems within their own area of expertise. The concept of SMS is not new but is increasingly being applied by regulation to more high-performance industries and accreditation schemes. The course uses high residual-risk industry SMS frameworks as benchmarks. The principles are explored by consultant practitioners using a combination of theory and extensive practical experience. The boundaries between other management systems, such as Quality and Environmental, will be discussed. By the end of this training, participants will be able to:

• Understand the foundations of safety management systems.
• Identify strategies to mitigate the impact of new and developing technologies by applying SMS principles.
• Develop the structure of their own Safety & Risk Management System against a benchmark.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and accident analysis.
• Break out scenario workshops and group presentation.

Audience:

• All Management Roles.
• Accountable Managers, Safety or Risk Post Holders.
• Experienced Managers looking to elevate their risk & safety management skills.

Overview: This course explores the primary influences on safety, risk and potential corporate liability. All three areas warrant particular study as all are undergoing considerable change as we head into the twenty-first century. The course adopts a ‘systems thinking’ approach as a method to manage complex systems. The current global pandemic has accelerated change in many areas of corporate strategy and this course aims to dilute some of the main themes within contemporary management thinking. We consider how to effectively mitigate some of the emergent threats which from the onset of digitalisation within our society. The course has a number of high-profile case studies from various industries which are analysed and discussed collectively and presented from various perspectives by the candidates. Cultural assessment techniques will be explored and applied to real world data. Candidates will experience mock cross examination by the presenters, to give then some appreciation of what the various legal systems look for when assessing corporate liability when risk mitigation has failed. The course provides the candidates with the confidence to directly engage with risk-based decisions within a complex operating environment. By the end of this training, participants will be able to:

• Understand the foundations of corporate criminal liability.
• Understand the nature of complex systems and how to manage within them.
• Identify strategies to mitigate the impact of new technologies on risk strategies.
• Enhance the resilience of their risk management system.

Format of the Course:

• Facilitated and group discussion.
• Scenario based presentations, briefings and case study analysis.
• Break out scenario workshops and group presentation.