Financial Risk, Root Cause Analysis
& Problem Solving

INTRODUCTION

This is the one training course that every business professional should attend because it deals with the very essence of the real-life practical problems and risks faced by us all on a daily basis. Such problems have a significant 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 stimulating and thought-provoking training course on Financial Risk, Root Cause Analysis & Problem Solving takes a very user-friendly approach to enable participants to identify various forms of 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. The Instructor’s own commercial and industrial experience plus many other real-world business scenarios are shared throughout this exciting training course to reinforce the use of such tools and techniques.

This GLOMACS training course will highlight:

• Critical Thinking and Why it makes the difference
• The Various Types of Business Risk and Financial 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 course, participants will have learned how to:

• Develop the essential skills needed to understand the various types of risk
• Analyse the choice of options available to deal with business risk and 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

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

This Financial Risk, Root Cause Analysis & Problem Solving training course 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 and exercises, and videos reinforce the application of each of the learning points and topics covered.

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

Organisational Impact

Participants in this training course 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 course will greatly improve their critical and resourceful thinking and 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 regards to current best practice
• Improving their self-confidence to be better placed to deal with financial and other professionals regarding financial risk and other business problems

WHO SHOULD ATTEND?

The variety of risk and the levels of risk are both expanding on a daily basis and the resultant business problems therefore have an increasingly significant impact on organisational performance. 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 ablility to identify such problems and to use the appropriate management tools that ensure that they are effectively resolved and are not repeated.

This GLOMACS Financial Risk, Root Cause Analysis & Problem Solving training course has been developed to enable participants to meet that responsibility and is therefore suitable for a wide range of participants from companies, corporations and government organisations, and will greatly benefit business professionals and managers working in:

• General Management
• 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
• Auditors and Internal Auditors
• Senior managers and other managers interested in managing financial risk and business risk, root cause analysis and the problem-solving process.