RV 1 - From Insurance to Risk Management: From cost of risk to value optimization Most companies, including both SME’s and large corporations, have a static, assets-based approach to risks that their organizations are facing. In managing pure risks such as product liability, environmental impairments, property losses, work-related injuries, and employee benefits, they essentially rely on traditional insurance mechanisms. This seminar provides a framework in developing a dynamic vision of risk management. The success of any firm depends jointly on its ability to create value and preserve value. The creation of value arises when a firm is able to identify and execute investments with a positive net present value. However, the creation of value invariably exposes the firm to risk and this value can easily be jeopardized. A fall in demand for its product, a sudden rise in production or financing costs, a technological failure, destruction of assets or information, a liability suit, or the activities of an employee, can easily wipe out the value that was created. In extreme cases, this may even bankrupt the firm. Firms need to devote increasing more time, attention and resources to deriving strategies for preserving value. Risk management is becoming increasingly important and participants shall learn about these modern strategies in managing risks. Who Should Attend? Business owners, managing directors, senior management, risk managers and executives whose jobs involve risk management. Duration: 1 days (9.00am - 5.00pm) at SGD 500 Session 1: February 6 Session 2: May 15 For more info please   See our or proceed to         back to top >   RV 2 - Quantitative & Qualitative Decision Making Tools & Strategies for Managers: How to manage uncertainty! This interactive 2-day program is designed to improve your personal effectiveness and increase the productivity of your organization by drawing on the latest research in the psychology of judgment, combined with time-tested theories and tools on decision making. Decisions are supposed to be made based on the information that is available to us. However, we all have our own culture, personal experience and psychology. And these viewpoints form the real basis of our goals and influence profoundly the decisions we make. Each time you have to make a decision, you are confronted to uncertainty how and what decision to make and what will be the outcome. Hence your decision making skills are vital to develop frameworks for making sounder decisions and hence obtaining better results. This seminar improves your performance as a decision maker through consistently effective strategies and systematic approaches and tools to decision making that will dramatically improve your personal effectiveness and the productivity of your organizations in managing uncertainty. Topics Outline What is risk & uncertainty The Psychology of Judgment and Decision Making Processes The theory of decision making under uncertainty Beginning with the Toughest: Risk Perception & Mental models Tools for decision making Decision trees, fault trees and event trees, Scenario analysis to map the future The use of game theory Organizational Decision Making Influence Techniques and Problem Solving Techniques for Creating Value Who Should Attend? Manager, senior management and any decision-maker who would like to enhance their influence, both internally in their organizations and externally with other organizations will greatly benefit from this program. Sale and Marketing people as well, by improving their negotiation and decision making skills. In fact, managers in every functional area of responsibility, in all industry types, will benefit by attending this program. Duration: 2 days program at SGD 1,150 Session 1: February 7-8 Session 2: May 16-17 For more info please   See our or proceed to         back to top > © copyright 2003 arimi. ARiMI is supported by IIA and CARM Institute