This webinar was poised to assist in drafting a sustainable National Risk framework to guide and aid in decision making for governance and management practices. Main points that have been covered are: • Risk Awareness and Risk cultured society • Modern Operational Practices and Risk • Trend in Risk Management for Governance and Management • Failure of strategies with risk in focus Presenter: Mr. Oluwagbenga Bamgbose is a Certified Lead Project Manager and Certified PECB Trainer. He is certified in various field including ISO 27001, ISO 20000 ISO 31000 Risk Manager, ISO 22301 and ISO 21500. Link of the recorded session published on YouTube: https://youtu.be/GLuqtiOIQos

2. Oluwagbenga Bamgbose
Risk Management Professional
Mr Bamgbose is a Former Head, ICT Unit, Nigerian Meteorological Agency, Team Member E-
Business and Risk and Control, ISMS Manager Unity Bank PLC, presently CEO/CTO GUUT
Technologies Limited practicing as Management Systems Consultant both home and abroad,
Enterprise IT Solutions Consultant for the field of Meteorology, Banking, Telecommunications,
Education etc.
Contact Information
+234-8097-903-190 cto@guuttechnologiesltd.com linkedin.com/in/oluwagbenga-bamgbose-74291b18

3. Brief About Me
A passionate fellow that believes in leveraging on the power of knowledge, experience and
professionalism in solving issues of mankind.
• Am a Nigerian with 38 years of age, professional course in Weather Observation and Analysis in Meteorology with
work experience in same field for 16 years, Diploma and Bachelor of Science Degree in Computer Science, Developed
AEROMET Software used in analyzing and disseminating Real-time weather information in various Airports in Nigeria
since 2004, worked in the Banking industry for 8 years in varying department spanning IT Auditing, IT, Information
Security Management System (ISMS), Risk Management.
• Former Head, ICT Unit, Nigerian Meteorological Agency, Team Member E-Business and Risk and Control, ISMS
Manager Unity Bank PLC, presently CEO/CTO GUUT Technologies Limited practicing as Management Systems
Consultant both home and abroad, Enterprise IT Solutions Consultant for the field of Meteorology, Banking,
Telecommunications, Education etc.
• I am certified in ISO 27001 ISMS LA, ISO 20000 ITSM LA, ISO 31000 Risk Manager, ISO 22301 BCMS, ISO 21500
Certified Lead Project Manager and Certified PECB Trainer. With several other professional trainings in CISSP,
Security Operating Centre (SOC), E-Business Security, HP Arcsight SIEM Analyst.
• Presently a student of MBA with Nile University (Nigerian Turkish University).

4. Introduction
• It has become a matter of urgency for most economies, as they are
finding it difficult with their respective economies program and
policies in various sectors, to deliver the needed developmental
gains to the people.
• The prevailing lean resources in some economies, natural
disasters, youth unrest, low commodity prices have given rise to so
much uncertainties and unexplored opportunities creating
fear, distrust and making their Leaders look incompetent in
governance and management practices.

5. The Greatest Concern
• It is most certain that the absence of these concerns are linked to
non-adherence or in some total absence to risk management
practices as a National strategic tool. It’s obvious, there is a
major concern about risk awareness, culture, identification and
appropriating the needed programs for effective risk analysis
and further risk assessment to the sectors of these economies.
• This papers is poised to assist in drafting a sustainable National
Risk framework through a working group to guide and aid in
decision making for governance and management practices.

6. Risk Awareness and Risk cultured society
• The people managing affairs needs to be aware and cultured about
Risk in itself, as a Daily operational process, not only as an
uncertainty of events, but also as opportunity that could be explored
and turned into sustainable productive activities.
• There is no doubt that whatever you are aware of will be easier for
you to practice and becomes a Culture. This brings this concept
as the foremost concern in the entire Risk management practices in
any environment.

7. Modern Operational Practices and Risk
• It involves different task with underlying processes, which
are the bedrock of our daily operational lives, they are however,
enclosed in these uncertainties and unexplored
opportunities, but the absence of been aware and cultured
around Risk, has hindered the good practice.
• Most importantly we need develop the cultural practice to
Identity, Organize, Design, Analyze, Assess, Evaluate,
Report, Communicate, Treat/Mitigate/Explore and Consult
as the case for effective Governance and Management
decision making process.

8. Trend in Risk Management for Governance and
Management
• In modern Corporate world of today, Risk Management is a major
part of corporate governance and its aid effective decision making
process that is aware and cultured around these uncertainties and
unexplored opportunities. For example, in Information Security
Governance and Management, Financial Management, IT
governance and Management, Traffic Management system etc.

9. Risk Practices in Strategy Planning & Management
• Most times institutions of varying sizes in different economic sectors,
write their corporate vision and mission statement for all to see, these
words don’t get to change over time, neither do they often meet
them as planned, in some it’s totally absent.
• However, scared resources are budgeted and expended, without
anyone looking at these important statements, to measure its
performance and possible impact as expected.

10. Failure of Strategies with Risk in focus
• This is applicable to both private and public institutions, the major question is Why?
• (1) Because of static vision and mission statements.
• (2) Absence of measurable indexes.
• (3) Absence of periodic review against prevailing uncertainties and unexplored
opportunities etc. coupled with the operating environment characterized with its
perculair concerns.
• Not doing (1) and (2) or any other, itself a risk from the strategy perspective for any
institution.
• Doing the above could assist them in making strategic plans with executable actions,
driven by facts and figures through effective risk management process

11. How to use Risk Management Practices as a Strategic Tool

12. Benefits of the Framework as a Strategic Tool
• National Risk awareness and culture.
• Anticipated economics downturn with appropriate mitigation strategies.
• All organs of government or private institutions will be saddled with risk
identification process at the minimum.
• Public institutions achieve their respective regulatory and compliance goals through
ERM. A project is ongoing for Nigerian Communication Commission ERM project.
• Decision making at all levels will be based of all forms of uncertainties and
opportunities.
• Budgeting and Planning will be based on real-time circumstances.
• Perceive economic challenges will be brought to bear before resources are been
appropriated and expended.
• Proper utilization of resources from creditors.
• Effective Project management exercise across sectors of the economy.
• And many more…..As the research project in ongoing.

13. ISO 31000 Training Courses
 ISO 31000 Introduction
1 Day Course
 ISO 31000 Foundation
2 Days Course
 ISO 31000 Risk Manager
3 Days Course
 ISO 31000 Lead Risk Manager
5 Days Course
Exam and certification fees are included in the training price.
www.pecb.com/iso-31000-training-courses| www.pecb.com/events

14. THANK YOU
?
+234-8097-903-190 cto@guuttechnologiesltd.com linkedin.com/in/oluwagbenga-bamgbose-74291b18