F-SS-006 Early Warning Management

F-SS-006 Early Warning Management 2019-02-28T11:16:52+00:00

Project Description

This course is for those who may be required to prepare themselves and their companies to learn how to detect and face an incoming threat or opportunity to the company’s operational normality. It is ideal for middle to top managers or even new employees who may, in the course of their normal duties, be called upon to take up a position in their company’s decision making process. Alternatively, the course would suit anyone within the company who wishes to understand the principles of Early Warning Management as it applies to their industry.

Why attend

Early Warning Management is a new methodology aiming to alert the Management that a Company Value (e.g. Sales), which up to now seems normal, has entered a deterioration path. Similarly, Management is warned if something, which was in bad condition has entered an improvement path. Sales, since it is the most important Company Value, will be used as an example during the presentation of the course. Nevertheless, EWM can be used to analyze the whole organization, or independently used for some Business Units or some product families.

Course Objectives

By the end of the course, participants will be able to:

    • Understand the principles of Normality, Threat, Opportunity and threat Dynamics
    • Analyse Company Values to its inherent affecting factors and parameters
    • Detect incoming Threats which can cause a Company Value (e.g. Sales) to decline
    • Detect an incoming Opportunities, which if properly exploited, can lead to an improved outcome
    • When the company is in decline, identify and assess conditions which could lead to an improvement or even to getting out of the crisis period.
    • Establish a unique control point for all information and procedures related to a specific Company Value, which will allow a better organization in that area.
    • Support the decision making process and any related action plan

Who should attend

This course is ideal for either managers who are or may be involved in any level of decision making or employees who may, in the course of their normal duties, be called upon to take up a position in this decision making process. Alternatively, the course would suit anyone within the company who wishes to understand the principles of Early Warning Management.

Course Outline

Definitions & Basic Principles

What is a Threat – What is an Opportunity – What is Normality –

Definition & analysis of Threat Dynamics – Examples – Company Values

Company Values Analysis

Which are the Company Values –

How to measure them – How to measure non-quantifiable elements

Factors & Parameters

How to define affecting factors – Definition of parameters per factor – Types of parameters – Basic Principles of a monitoring system for these parameters – Search of information within the company

Complexity of an Early Warning Management System

Review of constraints – Identify interlinks between parameters and by extension between factors

Setting up Alert limits

Who is responsible  – Criteria to be used – Sensitivity Analysis – Suggested procedure to follow

Relation of Early Warning Management to Risk Management

Basic principles in Risk Management –  

Differences and Similarities –

Relation of Risk Management and Early Warning Management

Benefits and Advantages for the Organisation

Benefits involved in the adoption  of an Early Warning Management System (direct and indirect)

The workshop

This interactive training course includes the following training methodologies as presented on the next column based on percentage of the total tuition hours:

Lectures

30%

Workshops & Work presentation

30%

Case Studies & Practical Exercises

20%

Videos, Sofware & General Discussion

20%

The course instructor may modify the above training methodology before or during the course for technical reasons with no prior notice to participants.

Falcon Consulting Professionals is established in Greece for the last 15 years in the areas of technical consulting and professional training for the local industries. Falcon is expanding in GCC, aiming to provide the best consulting and training solutions to the industries of the region. Falcon’s instructors are accredited trainers and highly experienced in their fields, as well as adult training. We aspire to build our business relationships on mutual trust. The achievement of results with an emphasis on innovation and sustainability, quality, cost analysis and time scheduling are non-negotiable from the conceptual phase of the training.

Project Details

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