Future Proofing Your Business




What you'll learn
• Identify and anticipate business risks that could compromise your business or project goals or operations.
• Increase your confidence in making sound short and long-term decisions.
• Be prepared for adverse events so that the impact is resolved with minimum time and cost.
• Reduce the stress of unknown future disruptions.
• Increase your decision making skills and thus increase your value to the business.
Requirements
A basic knowledge of business operations or project management skills relevant to your position, role or job.
Description
Future proofing is about being prepared to deal with any disruptions that could threaten your business or your goals.We know the future is uncertain. So, you are always dealing with probabilities and possibilities rather than certainties.How easily unexpected events can disrupt your businesses. Future-proofing your business in no casual matter. Learn how to build continuity and contingency plans. This workshop provides the concepts and techniques to effectively manage your business risk and protect your business future.In this course you will be guided through the building of a simple but powerful future proofing process that will prepare you for recovering from potential disruptions in your own business.You will learn how to identify your strategic risks, assess the likelihood and impact and plan an effective response to decrease or eliminate the impact.This workshop provides the concepts and techniques for you to create your powerful risk management plan that will provide an early warning system and ensure continuity for your business under adverse conditions. You will have an opportunity to practice with the tools and templates.Paying the proper attention to risk is not being negative or courting failure. As any pilot, race driver, or soldier will tell you. it's being prepared, so you can react in the safest and most effective manner if things do go sideways.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: The Concept of Risk
Lecture 2 Ancient Times - A little bit of risk history
Lecture 3 Modern Times - the emergence of risk management
Lecture 4 Risk Management & Future Proofing
Section 3: Risk Identification
Lecture 5 Create a Risk Profile of Your Business
Lecture 6 How to Find Appropriate Risks for Your Business
Lecture 7 Exploring Business Areas
Section 4: Risk Assessment
Lecture 8 The Elements of Risk Assessment
Lecture 9 Determine a risk probability
Lecture 10 Determine a Risk Impact
Lecture 11 Calculate the Risk Severity and Prioritise the List
Section 5: Risk Response Planning
Lecture 12 The Response Planning Process
Lecture 13 Risk Response Strategies
Lecture 14 How to Prepare Your Own Risk Response Plan
Section 6: Putting it all Together
Lecture 15 Operating Your Future Proofing Plan
Lecture 16 The Impact of Future Technologies
Lecture 17 Your Future Proofing Programme
Section 7: EXTRA SECTION - How to Create a Robust, Sustainable and Profitable Business
Lecture 18 Introduction to the Business Booster Programme
Lecture 19 On Becoming an Entrepreneur
Lecture 20 The Science of Marginal Gains
Lecture 21 The Path to Success
Lecture 22 Make it Happen
Small/medium business owners and managers. Entrepreneurs who are intending to start a new business or acquire an existing business. Individuals who must make decisions about operations and future directions of a business or project, often with limited information and in times of future uncertainty, and with finite resources.,The term business may include the whole of the business, a department, an internal function, or a project. • Business owners and managers of small/medium businesses. £5M - £50M) • Internal accountants/financial managers of small/medium businesses • Entrepreneurs with existing and start-up businesses. • Project managers of small to medium size projects (under £50M) • Investors evaluating small/medium businesses.


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