Risk Management and Problem Solving in Public Finance

This course is an introduction to risk management and problem-solving in Bhutan’s public finance. Participants will learn how to identify, assess, and mitigate financial risks while ensuring compliance with the Public Finance Act and FRR. The course also covers tools and frameworks to solve financial challenges in public finance, ensuring accountability and sustainability.

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Last Updated:October 13, 2024

About Course

This course is designed to build advanced skills in identifying, assessing, and mitigating financial risks within the public sector, focusing on Bhutan’s legal and regulatory frameworks. The course is structured to ensure that finance officers can effectively solve financial challenges while complying with the Public Finance Act, Financial Rules and Regulations (FRR), and Royal Audit Authority (RAA) standards. Participants will learn how to implement robust risk management strategies aligned with national development goals in the 13th Five-Year Plan.
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Learning Outcomes

  • By the end of this course, participants will:
  • Develop skills in identifying and assessing financial risks in the public sector.
  • Apply risk management strategies aligned with the Public Finance Act and FRR.
  • Demonstrate the ability to solve financial challenges in government operations using structured frameworks.
  • Ensure transparency and accountability while mitigating risks in financial operations.

Course Content

Module 1: Financial Risk Identification and Assessment

  • Understanding Financial Risks in Public Finance
    00:00
  • Identify three potential risks in a hypothetical government project (e.g., health infrastructure) and explain the consequences if these risks are not mitigated.
  • Risk Assessment Techniques and Tools
    00:00
  • Develop a risk matrix for a project to determine the probability and impact of identified risks, proposing mitigation strategies.

Module 2: Risk Mitigation and Compliance

Module 3: Problem-Solving Frameworks in Public Finance

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How the Course is Aligned to the Competency Framework?

This course directly addresses the Problem Solving and Risk Analysis Skills identified in the Ministry of Finance’s Competency-Based Framework for Finance Officers:

  • At the Entry Level, officers will learn how to identify financial risks and understand the basic principles of risk management.

Target Audience

  • This course is designed for:
  • Entry-level Finance Officers: Officers responsible for day-to-day financial management, who need skills in identifying risks and basic problem-solving.
  • Mid-level professionals handling complex financial operations and managing risks in projects.

Tags

Free
Free access this course
  • Level
    All Levels
  • Duration
    30 hours
  • Last Updated
    October 13, 2024
  • Certificate
    Certificate of completion
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