Education / Course Details

Effective Risk Reporting

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About this course

Are you a risk manager seeking to enhance your risk reporting capabilities? The Effective Risk Reporting course from RMIA is tailored just for you. This specialised training will help you master the art of delivering high-impact risk reports that drive informed decision-making and strategic planning.

Course specifics

Audience: Risk managers, risk analysts, compliance officers, internal auditors, business continuity planners, project managers, executive leaders, board members

Cost: $495 (members), $605 (non-members)

Facilitator: Riskcom

Format: Online

Time: 2-hours

CPD Points: 6

Course Facilitator:
Riskcom

Learning outcomes:

  • Develop Clear and Impactful Risk Reports: Create risk reports that are precise, concise, and tailored to the needs of different stakeholders, enhancing the clarity and effectiveness of risk communication across various levels of the organisation.

  • Utilise Advanced Data Visualisation Techniques: Apply advanced visualisation methods to present complex risk data in an accessible and engaging manner, making it easier for stakeholders to understand and act on risk information.

  • Implement Industry-Standard Reporting Frameworks: Integrate recognised frameworks such as ISO 31000 into risk reporting practices, ensuring compliance with best practices and enhancing the credibility and effectiveness of risk management reports.

Course details

The Effective Risk Reporting course from the Risk Management Institution of Australasia (RMIA) is designed to enhance your ability to communicate risk information clearly and impactfully. This course covers essential principles of effective reporting, advanced data visualisation techniques, and industry-recognised frameworks such as ISO 31000. Learn to tailor your reports to different audiences, employ strategic communication skills, and utilize cutting-edge tools for optimized risk reporting. With practical exercises and case studies, you will refine your skills in delivering actionable, high-quality risk reports that support informed decision-making and strategic planning.

Key topics covered:

1. What does the Risk Committee and Board want to know about?

  • Key risks

  • Strategic versus operational risks

  • Risk appetite

  • Effectiveness of controls

2. What should the CEO and other Executives know about?

  • Operational risks across the organisation

  • Departmental / business unit greatest risks

3. What should be reported on?

  • Common omissions / gaps

  • Current controls and effectiveness

  • Evidence based reporting

  • Lag and Lead Indicators

4. Dynamic risk reporting

  • Current risks

  • Emerging risks

  • Risk management outputs - identification, analysis, evaluation, treatment, recording and reporting

  • Valuation of organisational risk arrangements – culture, risk management structure, governance, accountabilities and responsibilities, implementation and framework evaluation and improvement

  • Performance measures

5. Purpose of Risk Reporting

  • Supporting informed decision-making

  • Promotion of good understanding or risk

  • Promotion of confidence in assessing and treating risk

  • Linked to strategic and business objectives

  • Assurance that controls are effectively implemented