About this Event
All organizations are faced with internal and external factors and influences that bring about uncertainties in achieving their strategic objectives. During the life cycles of a company's products and services, there may be unexpected problems and risks that can negatively impact the organization and its reputation. It is the responsibility of top management to oversee and manage risks effectively. Without a proper assessment and understanding of the risks, the organization will remain reactive rather than proactive and unable to make informed, risk-based decisions.
This course offered by United Seas College aims to address this performance gap by covering the latest Singapore standards SS IEC 31010:2021 and SS ISO 31000 in risk assessment techniques, and aligning with SkillsFuture's Skills Framework in Risk Management, Governance, and Regulatory Compliance. The course addresses the Knowledge and Abilities requirements as outlined in the TSC Title: Product Risk Assessment (ICT-AUD-5010-1.1) given below.
Knowledge (K):
K1 - Risk assessment procedures
K2 - Relevant industry, regulatory and other external factors
K3 - Organisation's internal control environment
K4 - Nature of the organisation's business and product
K5 - Risk mitigation strategies
Abilities (A):
A1- Identify potential risk areas in a product through understanding the organisation's business, product and its market environment, objectives, and strategies, as well as business risks, including internal control
A2 - Design responses to address the risks identified
A3 - Identify situations that increase the probability of occurrence of such risks
A4 - Consider the potential for risks in the assessment of control design
A5 - Review possible impact of these potential risks
Details on how these skills are mapped to the learning units are provided below.
LU1: Establish the context for product risk management
LU2: Identify product risks throughout the product life cycle
LU3: Develop an understanding of product risks through Risk Analysis
LU4: Evaluate product risks in accordance with Risk Management policy
LU5: Design risk responses to mitigate unacceptable risks
Participants who have completed the Course will receive a Certificate of Accomplishment by USC. Participants who further take the Proficiency Assessment Test (within 3 months based on this Course) will receive the CERA (Certified Enterprise Risk Analyst) Recognition Title from RIMAS (Risk & Insurance Management Association of Singapore) with S$80.
About the Facilitator
Er Lee Chuen Fei PBM has a diverse educational background, including MSc in Industrial Engineering and Management of Technology both from NUS, BEngg in Mechanical Engineering from University of Singapore, Graduate Diploma in Business Administration from SIM, ACTA from IAL, and certified PSCMC from Tuv Sud.
He has over 18 years of experience in Enterprise Risk Management (ERM), Project Risk Management (PRM) and other management systems. Prior to this, 20 years in Defence-related Products Design, Development and Production. As Vice President, Chuen Fei was responsible for implementing the ERM, PRM and Business Continuity Management (BCM) at ST Engineering (2004-2008) and ST Marine (2009-2014). Chuen Fei then served as an ERM consultant for various organizations, such as ST Marine, NUS (Dept of Risk Management), Anderco Pte Ltd (Construction), Nippon Paint South East Asia (overseas and local entities) and BCP Asia (for its overseas clients). He developed a 3-day WSQ Certified "Implementing Practical Enterprise Risk Management aligned with ISO31000" course and has facilitated over 20 runs of it. Chuen Fei had presented ERM related topics (both in-house Workshops and public Conferences) for various organisations such as SPRING Singapore, MINDEF, Civil Service College, ST Engineering, BCP Asia, RIMAS, NUS and IAL etc.
In light of the newly published SS IEC 31010:2021 Risk Assessment Technique, Chuen Fei has developed a new course "Practical Enterprise Risk Management and Assessment" aligned with the Skillsfuture's Skills Framework : Risk Management, Governance and Regulatory Compliance. This course is suitable for all types of industry and institution to equip their risk managers and key executives with practical skills for managing enterprise risks. In particular, Product and/or Services Risks.
Payment Methods:Paynow to UEN 202008816N (Specify “ERM” as remark) or Cheque payable to United Seas College Pte Ltd (address to United Seas College 91 Bencoolen Street, Sunshine Plaza, #09-02/03, Singapore 189652)
Event Venue & Nearby Stays
Sunshine plaza Office Tower, 91 Bencoolen Street, Singapore, Singapore
SGD 1000.00