Increasingly complex contracts and procurement structures often make it difficult to fully appreciate risk allocation and its implications. Prevention is better than cure. Late delivery, defects and cost overruns, damage to reputations, client relationships and the bottom line, can all be reduced or avoided through risk management. Unforeseen changes often occur to the design and scope which can cause further calls to increase investment.
Risk management is a fundamental element of professional contract management. Unfortunately it’s not often given the priority it deserves, which can lead to costly consequences.
This course is intended to provide a good grounding in the essentials of contracts risk management. If you are working with contracts and wanting to see how risk management can improve contract/project outcomes then this course will be of interest to you.
Information is crucial to an organisation and when this information is communicated in writing, the quality of such communications can have a significant impact on business performance and decision making. Similarly, Written communication, whether electronic or on paper, is an essential business tool. Not taking enough time to review your written documents can not only harm your own reputation, but also severely damage your organisation’s brand.
This intensive course will help delegates to develop the skills necessary for successful business writing – be it reports, emails, letters, faxes, policy documents or contracts.
The training course will consider the key risks that organisations face in today’s uncertain economic, political, and physical environment. Effective risk management is of vital importance in the global business environment. The training course will explore how organisations may analyse, manage and mitigate/minimise their exposures to both business and financial risk. Throughout the training course worked examples, exercises and case studies will be used to ensure that delegates can relate their learning to real-world issues and problems.
Public sector institutions at all levels of Government are facing rapid, inevitable change and economic pressure to improve service delivery through the maximization of administrative and operational efficiencies. In this environment, the effective use of Information Technology is a key success factor enabling government agility and the ability to respond promptly to the demand for service.
The need to manage information, information systems and internal functions while serving business and citizens is core to the Government's e- government strategy. E-government is part of a public service transformation programme, which is guided by the principle of ‘public service for all.’ and Batho Pele. Information technology (IT) is fundamental to the support, sustainability and growth of institutions.
The programme will equip you with the perspectives and skills to work effectively across functions and cultures and will broaden your business expertise and strengthen your competence in key functional disciplines. It will also deepen your ability to lead and follow mindfully, effectively and responsibly in a business world where volatility, uncertainty and pressure are the norm.
Participating Delegates will have a clear demonstrable understanding of:
The Course introduces the same and provides an up-to-date working knowledge of all aspects of VaR analysis, including the latest VaR models in theory and practice. It will also explain how the stock exchange works in relation to the different Stock Exchange around the world. The participant will get familiar with financial site of Stock Exchange, how the share prices are calculated and what derivatives are and how the stock exchange is regulated by the government.
At the end of this course participants will be able to:
Participating delegates will have a clear demonstrable understanding of:
A well-organised Stock management provides prompt, accurate service is a good indicator, to Customers and external Financial Auditors that the other organization functions will be as equally well managed. The course uses a detailed step by step approach to provide delegates with an understanding of what is expected from an effective Stock Controller from receipt of goods, storage and issue.
Effective inventory management plays a crucial role in the smooth and efficient running of any organization. Reducing excess inventory and investing in the right inventories leads to better customer service, better inventory turnover—and a healthier bottom line.
Current studies show that external auditors were complicit in 50% of the financial statement frauds over the past 10 years. Effective detection of fraud therefore, goes a long way to curb its re-occurrence. Consequently, an intensification of detection efforts will greatly deter the perpetration. One of the effective ways of fraud detection is forensic auditing, which organizations are encouraged to adopt and use. This course has been designed to introduce participants to the concept, its techniques, and skills. It is planned to address alongside usual forensic audit issues, the challenges that have emerged as a reason of digitization trends.
This training is packed with the latest information regarding project-based budgeting, accounting, and reporting. With a focus on the practical application of project-based financial management and reporting, this course is designed to equip project managers with the critical skills and knowledge required to effectively manage resource costs associated with their projects while delivering quality outcomes on a timely basis.
The field of Human Resource Management has been rapidly evolving to address newly emerging and increasingly complex areas of responsibility within the profession. Human resource specialists are being asked to understand and deal with a variety of important functions, including implementing and interpreting legal policy and procedure, administering intricate benefits and compensation programs, and dealing with potentially litigious workplace complaints. Today’s human resource specialists are faced with an unprecedented challenge in meeting the staffing needs of constantly changing organizations in an era of a highly competitive labour market. From strategic planning to cost/benefit analysis, human resource managers play a key role in all facets of an organization.
The course also looks at raising short term finance through the use of promissory notes – distinguishing between interest bearing notes and discounted notes with examples of calculations of the postings for each. You will also learn about accounting for notes that are dishonored. The final section explains the use of the accounts receivable turnover and the number of days’ sales in accounts receivables ratios and the relevance of the level of liquidity they represent. Practical accounting course will be of great interest to business professionals who would like to better understand, manage and account for the receivables and payables.
Leadership in organisations has overriding duty to stakeholders and the general public to ensure that a spirit of good governance is inculcated in all levels of management. As the public/private sector character and attributes continue to evolve globally, the notions of accountability, sustainability, transparency and corporate citizenship are identified as the pivot around which public management and good governance revolve.
This training will provide insight into the King IV Report on Corporate Governance by introducing various amendments and enhancements to its predecessor, the King Ill Report resulting in enhanced corporate governance through, inter alia, the increased involvement of stakeholders, the requirements for the independence of directors, increased disclosures of information by companies and the alignment of the management of group companies.
HR Transformation is about driving business results and hence this course will help delegates deliver more than just basic administration but more on transformation efforts designed to improve HR functionality and services that will align to corporate goals and strategies like quality, productivity, internal and external customer satisfaction.
Administrative assistants are invaluable members of the office team. They are charged with overseeing and coordinating the day to day operations of a business. Thanks to the advent of communication technology, the skills these assistants require have become diversified, and the ability to multitask and juggle several different instructions at once have become essential. Other qualities needed by these members include excellent communication skills, a polished appearance, and good interpersonal instincts. This course tackles all these behavioral skills while focusing on areas related to the use of technology to get things done effectively and successfully.
Organizations and organizational units increasingly employ competitive intelligence (CI) to support decision- making, management, and to build and sustain competitive advantages. As the formal practice of CI has grown in adoption and sophistication, information professionals are often charged with intelligence-related responsibilities.
This course examines competitive intelligence models, functions, & practices; the roles of information professionals in CI, and the management of CI.
The production of both paper and electronic records and documents is out of control. On a daily basis we receive and generate more paper, electronic and email records than we can manage. It is estimated that internationally 60 billion email messages are sent each day, many of them spam and viruses. However, international statistics also show that each employee deals with at least 75 emails per day. At an average of at least 2 minutes per email this equals 2.5 hours each day per employee spent managing email.
In South African approximately 28,544 million pieces of office type paper are produced each year. At enormous cost most of these pieces of paper end up in filing systems.
This Four day workshop will provide methods and strategies that will assist in tackling the out of control document/records monster
Organisations are increasingly facing performance challenges driven by the need for greater economy and efficiency. Though generally Value for Money (VFM) / Performance audits are performed more frequently in the public sector, there are an increasing number of private companies carrying out VFM audits. However, few auditors have in-depth experience of Value for Money /Performance Auditing given that proper planning and fieldwork are critical to achieving successful audit outcomes.
Managing risks is a key element of effective project management. To remain competitive, project managers cannot afford to set up contingencies or control measures for every conceivable risk. Rather, project managers must assess each risk and develop a response proportionate to the risk. In addition, continuity planning is a good business practice and part of the fundamental mission of agencies as responsible and reliable public institutions. Today’s changing threat environment and recent emergencies, including localized acts of nature, accidents, technological emergencies; have increased the need for continuity capabilities and plans that enable agencies to continue their essential functions across a broad spectrum of emergencies.
An effective budget is probably the most valuable tool in a company’s arsenal for setting and meeting an annual profit target. Many public sector entities have made improvements to their budgeting process in recent years, but are they following the most recent best practices?
The budgeting process evolves over time, and the strongest public sector budgeting practices a decade or two ago may not be best practices now. Public sector organizations, no matter their level of government, all face pressure to improve performance each year, which means offering more and higher-quality services while reducing spending.
Cutting costs has become particularly crucial, as many entities have been forced to serve their communities with dwindling budgets in recent years.
This course provides managers with an awareness and basic understanding of credit control methods and techniques, and aim to enable managers to be more effective in ensuring their customers meet their commitments to pay regularly and on time.
This course has been specifically designed for delegates who want to sharpen up their cash flow management skills and take steps to create long term growth and efficiency.
Across the globe regulators are increasingly linking the amount of risk taken by a bank to the amount of capital it is required to hold and banks and financial services are increasingly being managed on risk-based management practices. The banks, their products, the regulations and the global market are becoming increasingly complex, driving ever greater challenges in effective risk management. A key lesson of the banking crisis of the last five years is that risks are highly integrated and to manage them efficiently banks have to understand these interactions.
One of the main reasons for the financial crisis has been a failure of corporate governance risk management. A key responsibility and duty of the board and directors is the governance, management and minimisation of risk.
Building on this foundation, the board and management can then focus on the optimisation of returns, and shareholder value creation and growth.
Where risk is greater than returns, there will be dilution of value and ultimately corporate and business failure.
This workshop looks at all the principal risks, external and internal risk areas, avoidable and unavoidable risks threatening most businesses and the action plan to minimise and manage risks – The Development of a Risk Management Strategy, effective risk solutions and fraud detection and the role of the internal audit.
This Programme is developed around the 10 Competencies of a Senior Manager in the Public Service and will address the Competency Namely Financial Management. The objective of this trianing is to enable participants to apply strategic level financial management competencies that will ensure effective, efficient and economical utilisation of public funds and resources in government as intended by the above mentioned directive. The broad outcome to be achieved is the ability to effect strategic management, budgeting implementation and performance management in a public Institution.