| COURSE : CERTIFIED BUSINESS RISK PROFESSIONAL | |
|---|---|
| Course Overview | Business risk is the possibility a company will have lower than anticipated profits or experience a loss rather than taking a profit. Business risk is influenced by numerous factors, including sales volume, per-unit price, input costs, competition, the overall economic climate and government regulations. A company with a higher business risk should choose a capital structure that has a lower debt ratio to ensure it can meet its financial obligations always. |
| Training Duration | Total Training Hours : 30 Hours Training Duration : 1 Week Total Training Days : 5 Working Days |
| Training Schedules | Weekdays (Sunday to Thursday) Regular Sessions : 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm) Food & refreshments Included WeekEnds (Friday & Saturday) Fast Track Sessions: 8 Hours per day (9am to 5pm) Food & refreshments Included |
| Certifications: | 1) Certificate from Laurels Training Institute, Attested by Knowledge & Human Development Authority (KHDA) government of Dubai, UAE - With Online Worldwide recognition facility 2) Certificate from American Institute of Professional Studies (AIPS) from USA (After 15 Days of course Completion which will couriered to the attendees office address) - With Online Worldwide recognition facility |
| Tests | Yes |
| Learning Aids | Yes |
| Course Material | Hard & Soft Copies of Study Material |
| Language of Instruction | English |
| Instructor Helpline | Yes 1. Email 2. Social Media (For Emergency requirements) |
| Registration Requirements | 1. Passport Copy 2. Curriculum Vitae 3. Passport size photographs 4. Course Fee |
| Mode of Payment: | Cash / Cheque / Credit Card / Bank Transfer. |
| Eligibility Criteria (Who should attend this training) | - Risk Managers - Internal Auditors - Accountants - Backoffice Employees - Controllers - Managers - Compliance - Regulators - Account Managers |
| Course Benefits | Successfully you can manage the following: Benefits of risk identification Benefits of risk assessment Treatment of risks Minimization of risk Awareness about the risks Successful business strategies Saving cost and time New opportunities Harvesting knowledge Protecting resources Improvement in credit ratings Regulatory compliances Values shareholders Possibilities of risks Identification of possible threats Reduces impact and loss Stability of earnings |
| Course Contents / Outline | Direct Risks to the Business Employee Related Risks Theft Departure of a key employee Lack of training High turnover Sabotage/intentional misbehavior Employee disputes Poor customer service.
Revenue Related Risks Competitor enters market Market size shrinks (local population shrinks, demographics change) Economic pressure (reduces money available to be spent on your product) Substitute product becomes available Customer access disrupted (e.g. road construction in front of your business) Pricing doesn’t match value perceived by customers
Material costs increase High rework expense High warranty expense Loss of key supplier Increased wage expense (tight labor market) Increased benefit costs Loss of lease/increased rent Increased utility rates Increased bank charges (interest rates, credit card fees)
Quality Related Risks Poor production process High rework expense High warranty expense Poor customer service Low quality materials Poor employee morale Inadequate equipment/tools Poor/unattractive packaging Equipment/tool breakdown
Schedule Related Risks Customers are slow paying Unfavorable terms from suppliers (e.g. cash in advance) Late delivery of materials Lost/misdirected shipments of your product Slow response of bank, government agency (e.g. loan proceeds, permits, etc.) Delayed construction/remodel Slow response to marketing campaign Equipment/tool breakdown (e.g. internet down, computer virus)
InDirect Risks to the Business a) Suppliers are affected, you may run out of the products you sell, or the materials you need to make products. b) Customers are personally affected their priorities may change and you could experience a reduced demand for your products or services. c) General location is affected, you and your customers may not be able to access your premises, or your utilities could be affected. d) Perishable goods and replace them, which can be costly." |