Managing Risk and Uncertainty
This one-day programme provides delegates with an insight into the sources of risk and uncertainty in forecasting and decision making and critically, how these risks and uncertainties can be managed.The programme gives finance and non-finance professionals an understanding of the mechanics of the risks and uncertainties faced by their business and how financial modelling techniques can be employed to optimise their decision making.
Do you ever wonder why your forecasts are sometimes way off the mark? This programme enables delegates to recognise just how wrong they could be and re-capture the competitive advantage.
The programme develops knowledge using interactive seminars, case studies and problem solving exercises to provide delegates with innovative and practical solutions to the uncertainties faced when making business decisions.
Please register interest below and we will keep you updated
Course Tutor: Paul Summers
Paul is a chartered management accountant and experienced consultant working in the retail banking sector for 12 years.
Paul started his career at Lloyds Banking Group in 1998 and held a variety of positions in finance divisions across the retail bank. Paul led a team to develop various financial decision making tools for retail banking sales directors including the analytical insight models behind Lloyds Banking Group’s successful bid to become the main banking sponsor for the London 2012 Olympic Games.In 2007 Paul joined Lloyds Banking Group’s Retail Mortgage Finance division to deliver strategic income management capabilities to sales directors and later, as Head of Commercial Finance, led a finance team to support the UK’s number one mortgage lender.
Since leaving banking in 2010, Paul has worked with a number of leading UK and international universities, lecturing on MBA programmes (winner of the University of Liverpool’s Teaching Excellence award 2014/15) and developing postgraduate programmes for professional accountants. Paul has held the position of Senior Global Examiner for the Chartered Institute of Management Accountants (CIMA) for the Performance Management paper and is also Assistant Examiner for the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW).Paul has been an advisor to CIMA in the strategic development of the qualification that has resulted in the adoption of the new framework for the 2015 syllabus and examinations for the qualification.
Paul specialises in training accounting, corporate finance and financial modelling and has worked with numerous clients including: Deutsche Bank, HSBC, Islamic Development Bank, Standard Chartered and Saudi Arabian Airlines.
- The nature of forecasting and investment decisions
- Traditional approaches to forecasting and investment decision appraisal
- The problems of risk and uncertainty
- Approaches to managing risk and uncertainty
- Why the average just won’t work for your organisation
- The fundamentals of uncertainty
- Simulating uncertain events
- Gaining buy-in for the ‘non-average’ case
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By the end of this programme you will be able to:
- Apply techniques to assess investments decisions.
- Understand the sources of risk and uncertainty in decisions and their impact on the business.
- Understand the fundamentals of uncertainty, random variables, how they behave and how they can be used to provide an insight in to behaviours.
- Develop powerful decision making models using Monte Carlo simulation in Excel to quantify the uncertainties faced in business decisions.
- Develop optimisation strategies to enable the greatest profit outcome in competitive market scenarios.
Who should attend?
- Executive Levels, Senior Managers, Finance Professionals