Risk appetite is a strange expression and can be broadly defined as: “a person or organisation is said to have high risk appetite if they generally show a strong preference for risky courses of action rather than 'safer' alternatives”. The potential costs for commerce, a work culture, or staff member, with a high risk appetite are reasonably obvious and can result in substantial cost and or waste. Some contributing factors include a lack of awareness regarding 'consequence' of risk venture and activities, or the failure to acknowledge vulnerability. Developing, directing and guiding staff is an essential role of the manager and leader and this will include the individual's and corporate safekeeping. This 2 day professional development event provides a clear and panoramic expose of risk and vulnerability within the workplace and covers all aspects of systemic, procedural, personal and commercial risk. It provides practical guidance and suggestions on improving general security to property, assets and people, including a framework to incorporate risk reduction into policy; engaging with staff to reduce risk; and providing a strong influence to organisational culture.
Key objectives
At the end of the course the delegates will be able to:
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identify and assess features of risk appetite within the workplace
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review process chains and behaviours to identify culpable risk and vulnerability
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acknowledge and respond to the demands of regulation, legislation and general security;
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through policy, procedure and performance management, influence risk appetite in staff and culture;
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determine a proportionate responses to potential and actual risk and vulnerability;
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reduce risk to people, property and business.
