An Interactive 5-Day Training Course
Opportunity Auditing
Delivering Measurable Benefits
Course Overview
The risk-based focus being increasingly adopted is universally accepted as the new benchmark for Internal Audit. The flip side of risk, however, is opportunity. Specifically targeting significant areas of business opportunities can deliver major measurable benefits to the organization whilst at the same time reducing the associated risks.
This is particularly true if the areas of the business targeted are those which are often overlooked by management. With budgets under even greater scrutiny, demonstrating value for money is more important than ever.
This Opportunity Auditing training course will provide the tools and techniques to develop and deliver an opportunity focused plan and deliver measurable added value.
This GLOMACS Opportunity Auditing training course will highlight:
- The power of opportunity auditing and value for money reviews
- A proven approach to target the audit programme to optimize success
- How to focus on areas of opportunity in regular assurance reviews?
- The way to identify and deal with over-managed business areas
- A simple method to reduce unnecessary controls
Training Outline
DAY 1: Introduction to Opportunity Auditing
- Understanding the concept of opportunity auditing
- Importance and benefits of opportunity auditing
- Role of opportunity auditing in organizational success
- Identifying different types of opportunities
- Case studies and examples of successful opportunity auditing
DAY 2: Opportunity Identification
- Techniques and methods for identifying opportunities
- Conducting market research and trend analysis
- Identifying customer needs and pain points
- Analyzing industry and competitor landscapes
- Brainstorming and idea generation for potential opportunities
DAY 3: Opportunity Evaluation
- Assessing a potential opportunity’s viability and feasibility.
- Evaluating market demand and potential profitability
- Understanding the importance of risk management in opportunity auditing
- Recognizing and evaluating possible risks and uncertainties
- Developing risk mitigation strategies
- Analyzing resource requirements and constraints
- Conducting risk assessment and mitigation strategies
- Prioritizing opportunities based on strategic fit and goals
DAY 4: Opportunity Planning and Development
- Performance evaluation and improvement targets
- Creating a roadmap for opportunity implementation
- Developing a comprehensive business plan
- Defining key objectives, targets, and milestones
- Allocating necessary resources and budgeting
- Identifying potential partners and collaborations
- Implementing continuous improvement practices
DAY 5: Opportunity Execution and Monitoring
- Implementing the chosen opportunities
- Establishing effective project management practices
- Monitoring progress and measuring success metrics
- Addressing challenges and making necessary adjustments
- Reviewing and updating the opportunity execution plan
- Incorporating feedback loops and continuous improvement
- Developing a personal action plan for ongoing opportunity auditing
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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