08 Jun HRDA Vital Importance: Innovative Management of Organisational, Operational, and Technological Risk
The programme is approved by the Cyprus Human Resource Development Authority (HRDA) as a “Vital Importance” training programme. HRDA Vital Importance programme fees are fully subsidised by the HRDA for up to three (3) eligible participants per business entity.
Course OverviewThe programme focuses on risk management (although the more accurate term is "Hazard Management") and follows the specialised NIST methodology in conjunction with the asset-based methodology proposed by ISO 27005 and ISO 31000 standards.
The methodology addressed in this training programme is the one most widely adopted internationally for risk assessments in this category (scope and purpose), and it is fully accepted by the European Union Agency for Network and Information Security (ENISA).
This methodology has advantages over older methodologies as it: (a) it establishes solid foundations for the complex issue of risk identification, and (b) it addresses risk management holistically by incorporating parameters during its application to reduce the subjectivity inherent in every assessment.
[showhide more_text="Show More +" less_text="Show Less -"] The Programme Learning AreasA detailed programme outline, its objectives and learning outcomes are noted on the programme’s Training Schedule (clickable).
Who Should Attend
Where possible it is recommended that organisations participate with three (3) persons to maximise learning impact and transfer of knowledge to the workplace. An example could be, one person with organisational responsibilities, one with operational responsibilities and one with regards to Technological.
The following are required: a) good knowledge of the processes implemented within the business/organisation, and b) basic skills in handling spreadsheets (Excel or similar). Knowledge of mathematics, probability theory, or statistics is not required, as the mathematical functions that will be used will be explained. Moreover, the mathematical formulas for practical applications will be predefined.
The programme is ideal for:- CEOs, CFOs, COOs, and CROs (Chief Risk Officers)
- Chief Technology Officer (CTOs) and , Information Security Officer (CIOs) interested in leveraging technology for risk management
- Directors and heads of risk management departments
- Senior managers responsible for strategic planning and decision-making
- Heads and Managers of Risk, Compliance and Internal Audit
- Health and Safety Officers
- Decision makers
The programme is interactive in nature and participants will be actively involved, using their own experiences and challenges to reinforce and adapt the new knowledge and skills to their own reality, as well as examples, case studies, tools and simulations.
The trainer during the in-class part of the training will initiate the multifactorial approach in Risk Assessment and the participants will be involved in actual examples either in their laptops (if available) or in paper form. They will be asked to choose their own components in splitting the two factors of risk (likelihood and impact), as well as tables in those components that have quantitative characteristics. These examples will be used as basis in the In-House training that is the sequence of the in-class training.
The training sessions will combine elements of PowerPoint presentations, open discussions, case studies, audio/visual material and experiential exercises.
In-house Training /Advisory SessionUpon completing the 14-hour in-class training programme, participants will engage in a tailored 4-hour in-house session offering focused guidance, advice, and training to address the specific needs and challenges of both the participants and their organisation.
The in-house part of the training has a dual strategic goal that is vital for the participating businesses/organisations: an educational-consulting goal, as well as the goal of producing results for each participating entity.
The achievement of this result is accomplished through the creation of a "Management Support Tool" that is fully tailored to the needs of the entity, through an extensive and rational analysis of the hazards faced by resources and the management scenarios of organisational, operational, and technological risks that these resources face at the present time (and which the trained human resources of the entity will be able to update periodically or whenever required—as detailed in Section 2 of the foundational part).
This tool will facilitate decision-making. It is noted that the Management Support Tool will be fully developed by the end of the in-house training by the executive(s) involved, under the coaching guidance of the trainer/consultant. The development of this tool by the participating executives will not only contribute to the development of their skills but also foster a sense of "Ownership," which will lead to lasting attitudes that are not dulled by time. In this direction, the foundational part will be fully utilised, with the broad individualised approach that will be applied, as outlined in the syllabus of the foundational part.
During the in-house part, the executives participating in the programme will have the opportunity to use their findings from the classroom session, to address their own specific organisational requirements.
CPD RecognitionThis programme may be approved for up to 18 CPD units in Personal & Professional Development. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies with which you hold membership.
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A detailed outline of each area, it’s objectives and learning outcomes are noted on the programme Training Schedule (clickable).
Who Should Attend
Where possible it is recommended that organisations participate with three (3) persons to maximise learning impact and transfer of knowledge to the workplace. An example could be, one person with organisational responsibilities, one with operational responsibilities and one with regards to Technological. The following are required: a) good knowledge of the processes implemented within the business/organisation, and b) basic skills in handling spreadsheets (Excel or similar). Knowledge of mathematics, probability theory, or statistics is not required, as the mathematical functions that will be used will be explained. Moreover, the mathematical formulas for practical applications will be predefined. The programme is ideal for:- CEOs, CFOs, COOs, and CROs (Chief Risk Officers)
- Chief Technology Officer (CTOs) and , Information Security Officer (CIOs) interested in leveraging technology for risk management
- Directors and heads of risk management departments
- Senior managers responsible for strategic planning and decision-making
- Heads and Managers of Risk, Compliance and Internal Audit
- Health and Safety Officers
- Decision makers
The programme is interactive in nature and participants will be actively involved, using their own experiences and challenges to reinforce and adapt the new knowledge and skills to their own reality, as well as examples, case studies, tools and simulations.
The trainer during the in-class part of the training will initiate the multifactorial approach in Risk Assessment and the participants will be involved in actual examples either in their laptops (if available) or in paper form. They will be asked to choose their own components in splitting the two factors of risk (likelihood and impact), as well as tables in those components that have quantitative characteristics. These examples will be used as basis in the In-House training that is the sequence of the in-class training.
The training sessions will combine elements of PowerPoint presentations, open discussions, case studies, audio/visual material and experiential exercises.
In-house Training /Advisory SessionUpon completing the 14-hour in-class training programme, participants will engage in a tailored 4-hour in-house session offering focused guidance, advice, and training to address the specific needs and challenges of both the participants and their organisation.
The in-house part of the training has a dual strategic goal that is vital for the participating businesses/organisations: an educational-consulting goal, as well as the goal of producing results for each participating entity.
The achievement of this result is accomplished through the creation of a "Management Support Tool" that is fully tailored to the needs of the entity, through an extensive and rational analysis of the hazards faced by resources and the management scenarios of organisational, operational, and technological risks that these resources face at the present time (and which the trained human resources of the entity will be able to update periodically or whenever required—as detailed in Section 2 of the foundational part).
This tool will facilitate decision-making. It is noted that the Management Support Tool will be fully developed by the end of the in-house training by the executive(s) involved, under the coaching guidance of the trainer/consultant. The development of this tool by the participating executives will not only contribute to the development of their skills but also foster a sense of "Ownership," which will lead to lasting attitudes that are not dulled by time. In this direction, the foundational part will be fully utilised, with the broad individualised approach that will be applied, as outlined in the syllabus of the foundational part.
During the in-house part, the executives participating in the programme will have the opportunity to use their findings from the classroom session, to address their own specific organisational requirements.
This programme may be approved for up to 18 CPD units in Personal & Professional Development. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies with which you hold membership.
