Home » Seminars » Finance & Budgeting » Managing Financial Risk in an Economic Downturn

As of the moment, this course is currently not available on our training portfolio.
If you wish to inquire or request a run for this seminar, e-mail us at info@glomacs.ae or call us at +971 (04) 425 0700

Introduction

The level of exposure to financial risk is a very important indicator of the financial health of a business. Organisations having higher levels of financial risk are particularly vulnerable when there is a downturn in economic activity. During an economic downturn, the real-life practical problems and risks faced by us all on a daily basis take on an increased significance. The financial problems faced in an economic downturn may have a critically adverse impact on individual and organisational performance and so it is crucially important to be able to use the appropriate management tools to resolve them and avoid their repetition.

This training seminar takes a very user-friendly approach to enable participants to identify various forms of financial risk and business risk, use root cause analysis to determine the source of resultant business problems, and then use the tools and techniques of the problem-solving process and identify appropriate actions. The Instructor’s own commercial and industrial experience plus many other real-world business scenarios are shared throughout this training to reinforce the use of such tools and techniques.

This training seminar will highlight:

  • The various types of financial risk, and business risk
  • Root cause analysis of business problems
  • Problem-solving tools and techniques
  • Practical solutions to resolve business problems

Objectives

By the end of this training seminar, participants will have learned how to:

  • Develop the essential skills needed to understand risk
  • Analyse the choice of options available to deal financial risk
  • Identify the key factors to determine the real root causes of business problems
  • Resolve business problems using the problem-solving process
  • Develop a methodology to eliminate the repetition of business problems

Training Methodology

Training seminar methodology includes its presentation in a very user-friendly way to suit individuals with varying levels of financial knowledge and business experience.

The training seminar will be conducted along workshop principles to ensure the development of transferable skills and knowledge using formal presentations, numerous worked examples, and real-world scenarios. Discussion of current issues, policies and procedures, together with interactive team case studies and exercises, and videos to reinforce the application of each of the learning points and topics covered.

Our aim is to make this training seminar an enjoyable learning experience.

Organisational Impact

Participants in this training seminar will provide benefits for their organisation through the enhanced knowledge and set of skills that they will take back to the workplace:

  • Successfully building integrated problem-solving teams
  • Using best practice to make better-informed and therefore improved management decisions
  • Increasing their knowledge of contemporary techniques that can be shared throughout the organisation
  • Facilitating the continuous and radical re-design of business problem-solving techniques to international standards
  • Ensuring that the risk management culture permeates throughout the entire organisation

Personal Impact

Participants in this training seminar will greatly improve their understanding of risk and use the techniques of root cause analysis and problem-solving to resolve real business problems through:

  • Developing their professional skills of critical analysis and problem-solving
  • Increasing their knowledge of the latest tools and techniques of root cause analysis and problem-solving
  • Being able to make better-informed and improved business decisions
  • Liaising more effectively with other departments, colleagues, and other business professional with regard to current best practice
  • Improving their self-confidence to be better placed to deal with financial and other professionals with regard to financial risk and other business problems

Who Should Attend?

The business problems faced during an economic downturn have a significant impact on the financial performance of the whole organisation. Business professionals in every role and at every management level in the organisation have a responsibility to ensure that their business skills toolbox includes the ability to identify such problems and to use the appropriate management tools that ensure that they are effectively resolved and are not repeated.

This training seminar enables participants to identify financial problems, particularly those faced during an economic downturn, and it is suitable for a wide range of participants from companies, corporations and government organisations, and will greatly benefit business professionals and managers working in:

  • Sales and Marketing
  • Finance and Accounting
  • Planning and Budgeting
  • Estimating and Costing
  • Operations
  • Facilities Management
  • Engineering
  • Procurement
  • Logistics
  • Project Management
  • Exploration Management
  • Asset Management
  • Quality Management
  • Human Resources

And senior managers and other managers interested in managing financial risk and business risk, root cause analysis and the problem-solving process.

Seminar Outline

DAY 1

Business Risk and Financial Risk

  • What is risk?
  • Identification of the different types of business risk and financial risk
  • The risk-reward decision model
  • The choices presented in response to every risk
  • Risk models
  • Assurance versus insurance

DAY 2

Identifying Problems and their Causes and Problem-Solving

  • Fundamental elements of the root causes of problems
  • General principles of root cause analysis (RCA)
  • Implementing RCA-based corrective action technique
  • The Deming plan/do/check/act (PDCA) model
  • Using the problem-solving worksheet
  • Using the tools and techniques of the problem-solving process

DAY 3

Actions to Resolve Business Problems

  • Using the problem-solving process to resolve business problems
  • The practical analysis of business risk
  • The practical analysis of financial risk
  • Applying the tools and techniques of root cause analysis
  • Developing a usable problem-solving approach to generate practical solutions to real-life business problems

Accreditation

  • Quality Logo

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Home » Seminars » Finance & Budgeting » Managing Financial Risk in an Economic Downturn

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

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