qSkills™: Risk Management Under Scrutiny

New methods for systematic and advanced analysis of risks / Training provider with forward-looking perspectives in risk management

Nuremberg, March 5, 2009. The independent IT training provider qSkills™ offers a workshop on risk management in June 2009 in Nuremberg. With "modern methods of risk quantification," the training company relies on new assessment and control methods. Two-day training in cooperation with leading risk experts. Seminar as the prelude to further training and forward-looking strategies in the risk management environment.

New studies get to the point: If there is a lack of professional handling of risk management, companies face millions or even billions in damages and the loss of reputation. For example, a study by the Economist Intelligence Unit (The Economist) concludes that inadequate risk management is a significant cause of the current financial crisis. Effective risk management strategies are essential to take suitable measures in advance and avoid possible worst-case scenarios. qSkills™ faces these challenges and offers the seminar "Modern Methods of Risk Quantification" from June 16 to 17, 2009. The seminar covers various methods and techniques for identifying and quantifying operational risks. The seminar is led by the two risk management experts Frank Romeike, Managing Partner of RiskNET GmbH and Board Member of the Risk Management Association e. V., as well as Dr. rer. nat. Wolfgang Böhmer, an external scientist at TU Darmstadt.

Times are changing: also in risk management
In the coming years, traditional risk management systems will evolve into "holistic" corporate control systems. This matures the topic into an integral part of control systems. On the one hand, traditional risk management methods will undergo significant development. On the other hand, this means that tried-and-tested forecasting and early warning systems increasingly fail to account for a dynamic business environment. According to Kurt-Jürgen Jacobs, Managing Director at qSkills™, risks are currently too rarely systematically identified and unsatisfactorily quantified. And Frank Romeike adds: "Either quantification is completely missing, or there is only a very simple description of the risk, for example, based on the amount of damage and probability of occurrence. Other types of risk description would be appropriate here."

New approaches are needed in the market
When identifying operational risks, it is often observed that a strategic and often business-oriented reference is missing. It is particularly not analyzed which threats the long-term success factors of the company - such as competitive advantages and core competencies - are exposed to. "To keep up with the times and, above all, the market needs in risk management, the future belongs to modern, dynamic assessment and control methods that are also capable of incorporating extreme events into risk assessment and providing forecasts through simulation approaches," says Wolfgang Böhmer. Contents that will be conveyed during the seminar.

The two-day workshop is aimed at a broad spectrum of participants: from risk managers/controllers to project managers and executives from the risk, planning, quality, and compliance fields to board members, supervisory boards, and managing directors.

For Jacobs, the objectives of the risk management seminars are clearly defined: "We want to highlight weaknesses in risk analysis, teach modern methods, and apply them together with the participants in practical cases. It is also about recognizing and eliminating deficiencies in dealing with management risks." For qSkills™, the methodology seminar marks the beginning of a stronger integration of risk management into its own training areas. "The risk management environment needs a modern and strategic approach that we will convey to our course participants in the future," summarizes Kurt-Jürgen Jacobs.

Overview of the seminar contents

• Status quo: Risk management? Current trends and developments in risk management

• Instruments, methods, and key figures of the risk manager

• Methods and instruments for risk identification: analytical methods and creativity techniques

• Qualitative, semi-quantitative, and stochastic methods and instruments for risk assessment

• Tools for risk assessment

• Understanding and interpreting risk measures correctly

• Analytical versus simulation-based methods of risk aggregation

• Standards and norms in risk management (ISO 27005, ISO 31000, BS31100, PAS99)

• Practical presentation from a company

For more information about the event and registration, visit:
https://qskills.de/en-us/security-trainings


Short profile of qSkills™
qSkills™ GmbH & Co. KG is an independent training provider specializing in high-quality training in the IT and IT management fields. Training focuses on areas such as storage, operating systems, databases and tools, as well as security according to ISO 27001 and business continuity (BS 25999). The special features of qSkills™ include special workshops - so-called integrative bridge or combination workshops. The focus here is on knowledge of networking and integration of multiple systems into a heterogeneous IT environment. The headquarters and training center are located in Nuremberg. qSkills™' customer base includes medium-sized and large companies from the DACH regions and industries such as energy supply, financial services, trade, information and communication technology.