Risk Management

Rajan Arora
www.trainingsforall.com rajan@trainingsforall.com +91 9828572465

What is Risk Management?

Good management practice
Process steps that enable improvement in decision making A logical and systematic approach Identifying opportunities

Avoiding or minimising losses

What is Risk Management?

Risk Management is the name given to a logical and systematic method of identifying, analysing, treating and monitoring the risks involved in any activity or process.

What is Risk Management?

Risk Management is a methodology that helps managers make best use of their available resources

Who uses Risk Management?

Risk Management practices are widely used in public and the private sectors, covering a wide range of activities or operations.
These include:

Finance and Investment

Insurance

Health Care
Public Institutions Governments

Who uses Risk Management?

Risk Management is now an integral part of business planning.

How is Risk Management used?

The Risk Management process steps are a generic guide for any organisation, regardless of the type of business, activity or function.

There are in the RM process

7 steps

The basic process steps are:

Establish the context Identify the risks

Analyse the risks

Evaluate the risks Treat the risks

Risk is dynamic and subject to constant

change, so the process includes continuing:

Monitoring and review

and

Communication & consultation

Using Risk Management

The starting point is the Action Plan: 1. Allocate responsibilities, e.g., a Risk Management Champion and a working party. 2. Evaluate how Risk Management processes can be best applied in your national environment. 3. Survey existing skills and do a training needs assessment. 4. Catalogue existing sources of data or information that can help in identifying risks.

Using Risk Management

5. Flow chart existing processes. 6. Communicate and consult within Customs, with other Agencies, the trading community and transport industry.

7. Obtain IT tools or set up processes for effectively operating a selectivity system.

8. Provide training in profiling/selectivity skills.

9. Test and gain confidence in the Risk Management process.

Life is like riding a bicycle, to keep your balance you must keep moving. Albert Einstein

Balance: What is it?

A state of equilibrium or parity characterized by cancellation of all forces by equal opposing forces.

Balance: What is it?

The power or means to decide.

What are the obstacles that get in our way of being balanced?

Are you a human being

Or are you a human doing?

Doing Your Life is

Checking things off a list Going to meetings Preparing dinner Driving to work Helping with homework Creating care plans Exercising Ponder about everything

Being in Your Life is

Connecting with your values Not getting hooked into what is unimportant Seeing the beauty in the mundane Breathing deeply Saying no and saying yes Extending your heart Recognizing gifts Tuning in

Balance is finding the sweet spot between the doing and the being.

To Be (Balanced) or Not to Be (Balanced) That is the question!

Life Balance Wheel

Fun & Recreation
Career

Spirituality

Financial Health

Physical Environment

Personal Development

Physical Health Friends/ Family

Romance

Work Balance Wheel

Budget/Finance

Meetings

Paper Work/Regulations Peers/Boss

Environment

Professional Development

Patients/ Families

Other

Downtime

How balanced are you?

Complete your Life Balance Wheel

Assessment
Identify the two areas that youre most satisfied.
Identify the two areas that youre least satisfied.

Satisfaction
Reflect on the two areas in which you are most satisfied.
What do you do to achieve a high level of satisfaction in those areas? What would change for you if you became dissatisfied in those areas?

I cant get no satisfaction

Reflect on the two areas in which you are least satisfied. What contributes to that level of dissatisfaction?
What would change for you if you became satisfied in those areas?

Think of a moment in your life when you felt completely balanced. What exactly was happening? What were you doing and how were others involved? How did you feel?

Your Sphere
Of the things that contribute to your imbalance, what do you have control, influence or no control over? Record on your Sphere of Influence.

Sphere of Influence

Control

Influence No control

Results
What surprises you?
What doesnt surprise you? What occurs to you as you look at your Sphere?

Yes and No
Write down your responses: What do you need to say no to in order to achieve more balance? What do you need to say yes to in order to achieve more balance? What will happen if you dont say yes or no to those things?

Balancing Acts
Breathe Walk, move Eat, drink, sleep Stand up/Sit down Plan an unplanned day Do the unexpected Connect with someone you wouldnt Connect with someone important to you Play Ask for what you need Laugh, giggle, chuckle, chortle Enlist a balance team (massage therapist, manicurist, spa, friend) Leave town Electronic fast Slow down Remember what is important Disregard what is unimportant Use your Sphere of Influence

Commitment

Write down one thing youre committing to for the next 30 days to help you achieve more balance. What do you need from your team mates to help you achieve balance?

We can be sure that the greatest hope for maintaining equilibrium in the face of any situation rests within ourselves. Francis J. Braceland

THANK YOU FOR BEING SUCH A WONDERFUL AUDIENCE!

Together we can and we will make a difference
www.trainingsforall.com rajan@trainingsforall.com +91 9828572465