National Institute for Entrepreneurship and Small Business Development (NIESBUD), a premier organization of the Union Ministry of Micro,Small and Medium Enterprises,engaged in training and consultancy,conducted a two day intensive training programme for HEC executives on ‘Enterprise Risk Management’ (ERM).
The programme was held on April 29-30 at HEC headquarters in Ranchi..
The training programme was inaugurated by Avijit Ghosh, CMD, HEC Ltd in the presence of S.K.Pattanayak, Director (Finance) HEC Ltd April 29.
Ghosh said that the basic purpose of holding such training programmes was to raise basic awareness of risk management concepts and mechanisms, to enable participants to identify and manage risks in their own work place and to strengthen its management through adequate forward planning of potential risks.
The two days training module introduced corporate governance and risk management, business risk and management decision. It dwelt at length in risk analyses and past decisions, risk measurement and monitoring, various tools for risk identification and burden of wrong business decisions, multi-criteria decision making, enterprise risk management and business decision and identification of HEC risk areas.
“The training course went beyond the provision of generic tools”,said a report prepared by the HEC.”It focussed on practical case studies and exercises to show how HEC could meet the risks involved in its turn around and growth .”
The training programme was conducted by two eminent faculty members- M.S.J.Sinha, Ex-Executive Director (HR), NHPC Ltd. and Dr. A.P. Dash, General Manager, NTPC Ltd.
Senior officers nominated from across the plants and divisions participated in the programme organized by HRD of HEC.
The valedictory function was chaired by S.K.Pattanayak, Director (Finance) HEC Ltd on April 29 at Syndicate No. 1 in HEC Headquarters.
Picture shows HEC CMD Avijit Ghosh expressing his view as participants heard him.