Managing Business Risks For E-Commerce


Are you aware of the potential pitfalls that can derail your business? 
Every business faces the risk of unexpected events that can cost it money or worse, cause it to fold. With more pervasive use of digital technology, risks that businesses face are now increasingly complex.
Risk management is MORE important now than ever before.

Course details

Course Overview

[A Digital Strategy Core Module]

Overview:

This module equips learners with the knowledge and skills in identifying risk types, developing risk assessment models, determining internal and external influencing factors, crafting risk controls and responses, designing risk management philosophies and Standard Operating Procedures, as well as establishing the hierarchy of control and various risk management communications policies for specified parties.

 

Course Highlights:

  • Reduce business risks with risk identification techniques and knowledge of risk types.
  • Detect, prevent and/or correct business risks by understanding risk likelihood and severity using risk assessment matrices and models.
  • Formulate risk management SOPs, corrective measures and policies to align with every stage of risk responses and risk controls


Who Should Attend:

Business Leaders, Business Owners, Entrepreneurs, E-Commerce Business Analysts, E-Commerce Pricing Specialists, Mid-Career Professionals and Executives looking to expand their knowledge and skills in risk management to better safeguard corporate practices and workplace activities.

Mode of Delivery:

  • Classroom (face-to-face) or online based

Course Duration:

  • 24 hours (typically over 3 full days)


This module comes under the WSQ Skills Framework: RET-RIM-4001-1.1 Business Risk Assessment

Course Code: TGS-2021009567 / TGS-2022010785

Upcoming Classes

Please whatsapp us at 9457 8086  or email us at admin@acctrainacademy.com.sg for the course schedule.

Course Fees

Full Course Fee (no subsidy) @SGD $940 /-

Here are the net fees for the following:

  1. Any Self-Sponsored Singaporean or PR aged from 21-39yrs @SGD $470/-
  2. Any Self-Sponsored Singaporean aged>=40, or *SME Company-Sponsored (Any age Singaporean or PR) @ SGD $282/-
  3. Company-Sponsored Singaporean or PR working in *Non-SME @ SGD $470/-

Funding Support

Here are the types of funding support available for the course:

SSG Training Grant
Funding Period: Until 11 Jan 2024
Course Ref No.: TGS-2021009567 / TGS-2022010785

*Approved Funded Hours: 24 hours.

1. Company-Sponsored Employees
  • Company-Sponsored SME Singapore Citizens and PRs – Funding capped at up to 70% subsidy.
  • Company-Sponsored Non-SME (Singapore Citizens or PRs 21-39 years old) – Funding capped at up to 50% subsidy.
  • Company-Sponsored Non-SME (Singapore Citizens or PRs 40 years old and above) – Funding capped at up to 70% subsidy.
2. Self-Sponsored Learners
  • Singapore Citizens (40 years old and above) – Funding capped at up to 70% subsidy.
  • Singapore Citizens (21-39 years old) and PRs – Funding up to 50% subsidy capped at $15/hr.
3. SkillsFuture Credits (for Self-Sponsored)
  • Singapore Citizens (21 onwards) may use their SkillsFuture Credits to offset the nett payable course fee. find out more.
4. Absentee Payroll (for Company-Sponsored)
  • The training provider will submit on your company’s behalf your employee’s enrolment, attendance and assessment records via TPGateway. Thereafter, your employer will be notified to log into Enterprise Portal for Jobs & Skills (EPJS) to declare necessary information for Absentee Payroll funding.

Course Outline

Topics Covered:

  • Reduce business risks with risk identification techniques and knowledge of risk types.
  • Detect, prevent and/or correct business risks by understanding risk likelihood and severity using various risk assessment matrices and models.
  • Effectively communicate potential business risks based on identified risk alerts in order for risk controls to be put in place.
  • Correctly identify the hierarchy of control in order to effectively inform and manage risk alerts.
  • Formulate risk management standard operating procedures, corrective measures and policies to align with every stage of risk responses and risk controls.
  • Implement risk responses and risk controls according to the hierarchy of control, risk management policies and other compliant guidelines.
  • Understand the reduction or increment of residual risks following corrective measures responding to inherent risks.
  • Strengthen business competitiveness by reducing, diverting or eliminating business risks based on implementation, evaluation and measurement of risk management techniques and systems.

Managing Business Risks For E-Commerce