Strategic plans are often sabotaged by a failure to identify and manage associated risks. To be successful, your organization must constantly track and manage risks that can interfere with effective strategy execution. Risks can come from a variety of sources (e.g., economic, sociological, technological, etc.) and may have a potential impact on your enterprise’s strategy and programs, making management seem a difficult, impossible task. However, managing risk is essentially a matter of identifying and curating what “could” happen, monitoring developments and circumstances, and taking action to reduce or eliminate the chances of a risk occurring.
Increase your knowledge of what risk management is, its importance as a component of strategy planning and execution, and how to develop a risk profile for your organization
Discover how analysis of key stakeholder interest, power, and engagement is critical for developing effective strategy and understanding associated level of risk
Learn to conduct a strategic assessment of your organization and evaluate risk level using a variety of analytical tools and techniques
Explore how to link strategy planning with performance-based budgeting for effective resource alignment to achieve outcomes and mitigate risk