Risk Management and Business Continuity

Details

Duration: 3 - 5 days
Date: T.B.A 2024
Time: T.B.A
Delivery mode: In-Person
Venue: James Hope Business School - Twin Lakes Estate, Lekki Lagos.
Certificate: James Hope Business School course completion certificate will be issued to participants.

Fees

On-Campus: T.B.A

Open Admissions

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Recommended Text

- Elliott, M. W., & Willmot, P. R. (2019). Risk Management: Principles and Practices. Cambridge University Press.
- Harrington, S. E., & Niehaus, G. R. (2014). Risk Management and Insurance. McGraw-Hill Education.
- Hiles, A. (2014). Business Continuity Management: Building an Effective Incident Management Plan. CRC Press.

Journal Articles

- Fancey, S., & Craig, R. (2013). Business Continuity Management: A Critical Review of Literature and Research Implications. International Journal of Management Reviews, 15(3), 316-336.
- Li, K., Zeng, S., & Zhao, X. (2021). Enterprise Risk Management and Firm Performance: The Role of Risk Control and Risk-taking Culture. Journal of Risk and Financial Management, 14(9), 448.
- Pieczyńska-Kozłowska, A., & Kowalik, B. (2015). Crisis Management: A Literature Review. International Journal of Management and Economics, 47(1), 123-139.
- Tan, L., & Dat, L. Q. (2017). The Importance of Business Continuity Management: A Comprehensive Literature Review. International Journal of Innovation, Management, and Technology, 8(3), 218-223.

Additional Resources

Access to industry standards and guidelines on risk management and business continuity.

Real-world scenarios and case studies for practical application.

Risk assessment and business continuity planning software tools.

Assessment Methods

Quizzes and exams assessing knowledge of risk management concepts and strategies.

Group projects and presentations on risk assessment and business continuity planning.

Individual or group research projects on specific risk management topics.

Simulation exercises in crisis management and disaster recovery.

Course Description

The course focuses on identifying, assessing, and mitigating risks to ensure the continued operation and resilience of businesses and organizations. Below is a sample course outline for such a course. The course provides an in-depth understanding of risk management practices and strategies for ensuring business continuity in the face of various threats and disruptions. Participants will learn to identify, assess, and mitigate risks while developing comprehensive business continuity plans.

Faculty

Faculty Instructor: T.B.A
Industry Partner: T.B.A
Host: Prof. Olu Akinkugbe, Dean of James Hope Business School

Course Outline

Introduction to Risk Management: Definition and types of risks, Importance of risk management, Risk management frameworks and standards.
Risk Identification and Assessment: Risk identification techniques, Risk assessment methodologies, Risk appetite and tolerance, Risk Mitigation and Control, Risk mitigation strategies, Risk transfer and insurance, Risk control measures and monitoring.
Business Impact Analysis (BIA): Conducting a BIA, Identifying critical business functions, Recovery time objectives (RTO) and recovery point objectives (RPO).
Business Continuity Planning (BCP): Developing a BCP, Crisis management and communication plans.
Testing and exercises.
Disaster Recovery Planning (DRP), Developing a DRP, Data backup and recovery strategies, IT and technology continuity.
Compliance and Regulatory Considerations: Legal and regulatory requirements, Industry-specific compliance, Ethical considerations in risk management.
Case Studies and Best Practices: Real-world case studies.
Guest speakers from risk management and business continuity professionals.
Final project presentations and assessments

Who should attend this course?

Risk Managers, Business Continuity Planners, Business Owners and Entrepreneurs, Managers and Executives, IT and Technology Professionals, Compliance and Legal Personnel, Financial Analysts and Controllers, Operations and Supply Chain Managers, Human Resources Managers, Emergency Response and Crisis Management Personnel, Health and Safety Officers, Government and Public Sector Officials, Consultants, Students and Researchers, Anyone Interested in Risk Management.

This course is designed to accommodate participants from various industries and backgrounds, as risk management and business continuity principles are relevant and applicable across a wide range of sectors. It provides valuable knowledge and skills to help individuals and organizations effectively manage risks and ensure business resilience in the face of disruptions.

What are the benefits of taking this course?

Participants in a course on “Risk Management and Business Continuity” can expect to gain numerous benefits, both professionally and personally.

Participants will develop a strong foundation in risk management principles and techniques, enabling them to identify, assess, and mitigate various types of risks effectively.
The course equips participants with the knowledge and skills necessary to create and implement comprehensive business continuity and disaster recovery plans, ensuring the continued operation of organizations during disruptions.
Professionals in risk management, business continuity planning, and related fields can enhance their career prospects by acquiring advanced knowledge and skills in these critical areas.
Participants will learn strategies to reduce the likelihood and impact of adverse events, helping organizations save money and protect their reputation.
Organizations with employees who have completed the course are better prepared to withstand disruptions and recover quickly, enhancing overall resilience.
Compliance and Regulatory Adherence: Professionals responsible for compliance and regulatory requirements will benefit from a deeper understanding of how risk management and business continuity relate to legal and industry-specific standards.
Effective Decision-Making: Managers and executives can make more informed decisions by understanding the potential risks and consequences associated with various courses of action.
Cost Savings: Effective risk management can lead to cost savings by minimizing financial losses resulting from risks and disruptions.
Improved Disaster Response: Emergency response and crisis management personnel will be better equipped to handle disasters and emergencies.
Personal Preparedness: Participants can apply the principles of risk management and business continuity in their personal lives, increasing their readiness for unforeseen events.
Networking Opportunities: The course may provide opportunities to connect with professionals, experts, and organizations in the field of risk management and business continuity.
Problem-Solving Skills: The course encourages critical thinking and problem-solving, which can be applied to various aspects of work and life.
Ethical Considerations: Participants will gain insights into ethical considerations related to risk management and business continuity planning.
Knowledge Transfer: Graduates of the course can share their knowledge and expertise within their organizations, contributing to a culture of preparedness and risk awareness.
Professional Development: Students and professionals alike can consider this course as part of their ongoing professional development, staying updated on industry best practices.

Overall, participants will gain practical skills and knowledge that can make a significant difference in the ability of organizations to withstand disruptions, protect assets, and ensure the continuity of critical business functions. This course offers benefits that extend beyond the workplace, enhancing participants’ preparedness for a wide range of personal and professional challenges.