The Enterprise Risk Management Conference commenced at the Oman Convention and Exhibition Centre, under the auspices of Dr Nasser bin Rashid al Maawali, Under-Secretary of the Ministry of Economy. The two-day conference aims to emphasise the significance of risk management in attaining the strategic objectives of Oman Vision 2040.
Organised by the Ministry of Labour in collaboration with Masarat Development Foundation, the two-day event features a distinguished assembly of officials, academics and decision-makers. It targets executive directors and senior leaders in both the public and private sectors, as well as officials and employees specialising in risk management, directors involved in implementing Oman Vision 2040, and professionals from the oil sector and other related fields.
Dr Mohammed bin Khamis al Farsi, Adviser to the Minister of Labour for Planning and International Relations, inaugurated the conference with a speech highlighting the event's importance. He noted that the conference facilitates the exchange of knowledge and discussions on the latest trends and challenges in risk management. The event aims to enhance skills and capabilities, deepen understanding of risk management and support business sustainability across all institutions.
The conference includes presentations and discussions by academics and decision-makers, focusing on the role of artificial intelligence and innovative methods in risk management. This engagement underscores the importance of a comprehensive and forward-thinking approach to institutional risk management, vital for both government and private sectors.
Risk management is increasingly recognised as a crucial administrative process that transitions institutions from emergency solutions to sustainable strategies. It plays a pivotal role in government and private institutions by closely examining and improving risk management policies and procedures.
Enterprise risk management encompasses human, financial, legal, operational and strategic aspects. It aims to prevent damage or losses and ensure the success of institutions in a highly competitive and rapidly advancing environment.
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