Finance officers and other local government officials interested in understanding, assessing, and developing plans to mitigate common risks facing local governments.
Government finance is filled with uncertainty. When that uncertainty has the potential to lead to loss or disruption in service, the government is faced with risk. Specific focus will be on identifying risk factors and building appropriate plans and policies to guard against cyber crimes, fraud, natural disasters, and other shocks.
The course will focus on building the components of a of a business continuity plan and include how to manage IT systems, handle accounting tasks, prepare necessary invoices, maintain internal controls, and safely accept and distribute funds, during and after a disaster.
- Define the key elements of a risk management program.
- Develop a program designed to identify potential events that may affect the government and to protect and minimize risks to the government’s property, services, and employees.
- Understand the sources, types, and likelihood of risks.
- Monitor the frequency and severity of claims and make modifications as needed.
- Review the effectiveness and efficiency of the risk management programs functioning within their organizations and make changes or modifications as necessary.
- Coordinate resources to minimize, monitor, and control the impact of risks.
- Prepare business continuity plans to manager critical processes in the finance office