Financial Risk, Root Cause Analysis (RCA) & Problem Solving

This Financial Risk, Root Cause Analysis (RCA) & Problem Solving training course will be conducted along workshop principles to ensure the development of transferable skills and knowledge using formal presentations, numerous worked examples, and real-world scenarios. Discussion of current issues, policies and procedures, together with interactive team and exercises, and videos reinforce the application of each of the learning points and topics covered.

By the end of this Root Cause Analysis & Problem Solving training course, participants will have learned how to:

• Develop the essential skills needed to understand the various types of risk
• Analyse the choice of options available to deal with business risk and financial risk
• Identify the key factors to determine the real root causes of business problems
• Resolve business problems using the problem-solving process
• Develop a methodology to eliminate the repetition of business problems

The variety of risk and the levels of risk are both expanding on a daily basis and the resultant business problems therefore have an increasingly significant impact on organisational performance. Business professionals in every role and at every management level in the organisation have a responsibility to ensure that their business skills toolbox includes the ablility to identify such problems and to use the appropriate management tools that ensure that they are effectively resolved and are not repeated.

This DXB Institute Financial Risk, Root Cause Analysis & Problem Solving training course has been developed to enable participants to meet that responsibility and is therefore suitable for a wide range of participants from companies, corporations and government organisations, and will greatly benefit business professionals and managers working in:

• General Management
• Sales and Marketing
• Finance and Accounting
• Planning and Budgeting
• Estimating and Costing
• Operations
• Facilities Management
• Engineering
• Procurement
• Logistics
• Project Management
• Exploration Management
• Asset Management
• Quality Management
• Human Resources
• Auditors and Internal Auditors
• Senior managers and other managers interested in managing financial risk and business risk, root cause analysis and the problem-solving process.

Organisational Impact

Participants in this Financial Risk, Root Cause Analysis (RCA) & Problem Solving training course will provide benefits for their organisation through the enhanced knowledge and set of skills that they will take back to the workplace:

• Successfully building integrated problem-solving teams
• Using best practice to make better-informed and therefore improved management decisions
• Increasing their knowledge of contemporary techniques that can be shared throughout the organisation
• Facilitating the continuous and radical re-design of business problem-solving techniques to international standards
• Ensuring that the risk management culture permeates throughout the entire organisation

Personal Impact

Participants in this training course will greatly improve their critical and resourceful thinking and understanding of risk and use the techniques of root cause analysis and problem-solving to resolve real business problems through:

• Developing their professional skills of critical analysis and problem-solving
• Increasing their knowledge of the latest tools and techniques of root cause analysis and problem-solving
• Being able to make better-informed and improved business decisions
• Liaising more effectively with other departments, colleagues, and other business professional with regards to current best practice
• Improving their self-confidence to be better placed to deal with financial and other professionals regarding financial risk and other business problems