The CFO Series The CFO Series provides a convenient, one-stop way for CFOs and those who aspire to be CFOs, to earn an entire year of CPE with a single decision. Each day consists of a subject matter expert leading discussions about four different topics. The CFO Series features high-quality presentations and an interactive, executive level colleague-to- colleague approach with case studies, group discussions, and team exercises. Each topic and each day stand on its own. If you are not sure about making a multi-day commitment, sign up for just a single day. We think you will come back for more! This CFO Series Day This four-topic presentation spotlights varied methods to enhance productivity, focusing on proven risk reduction strategies, ERM and insurance management. We also take an in-depth look at the true cost of quality and why quality matters. The focus is straightforward: Understanding risk and getting the most return from risk reduction with verified approaches to increase profitability, thus improving the health of the organization.
Learning Objectives
- Understanding the process to determine the cost of quality within your organization. Why does quality matter? Why is quality so valuable?
- To have a better understanding of the various external and internal risks present today and expected tomorrow
- and to understand methods to mitigate risk
- Review insurance law and discuss issues regarding the selection of insurance policies. What is valuable to know about insurance exceptions and exclusions?
- How to successfully implement ERM and integrate it into everyday business practice
Major Topics
- ? What is ERM and why is it important? ? What is your risk appetite and risk tolerance? ? The COSO framework for ERM and its recent updates ? The ERM Steering Committee ? what is it for and what does it do? ? Risk heat maps ? evaluating what is hot and what is not ? Risk owners and the risk control plan ? Measuring the effectiveness of the implementation ? The role of leading and lagging indicators
- KRIs ? Making it part of everyday management ? The need to integrate ERM into strategic planning ? How are risks managed?
- What is risk transfer? ? What does a broker do, how do we choose a broker, and how should we pay them? ? What can insurance protect against? ? Deductibles, self-insurance, and captives ? Issues affecting different classes of insurance regarding claims and accessibility ? Actions you need to take in addition to securing insurance ? Umbrella policies and how they attach above the primary ? Defining risk as it impacts organizations ? Understanding external and internal risks o Examples of these risks o How do we identify and assess? o What can be done about the risks? ? Developing a risk mitigation strategy and plan ? Monitoring and mitigating risk ? What do we mean by quality? ? Why does quality pay off? ? Total quality management, including lean and six sigma ? The four elements of the cost of quality ? Practical prevention activities ? The necessity of appraisal and why quality cannot be inspected into a process ? Sources of internal failure and other sources you may not have considered ? External failure and the hidden costs of 'shortcuts' ? Creating an effective and actionable cost of quality report
