Risk-Based Revenue
Management
Optimizing Financial Sustainability
and Mitigating Risks in Road Fund Operations
27- 31 January 2025
Sandton Centre
Johannesburg South Africa
Register Now! Limited Seats Available!
R19, 999.00 Per Delegate
Course Introduction
In today’s dynamic economic environment, road fund operations face increasing pressures to maintain financial sustainability while navigating complex risks. These challenges include fluctuating revenue streams, fraud vulnerabilities, legal compliance requirements, and external economic uncertainties. To ensure the longevity and reliability of road infrastructure financing, it is essential to adopt a Risk-Based Revenue Management approach.
Risk-Based Revenue Management Course will equip you with the tools to assess, mitigate, and optimize revenue streams effectively. Learn from industry experts through interactive sessions and real-world case studies, ensuring you’re ready to address challenges head-on.
The course introduces the concepts of risk-based revenue management, equipping participants with the knowledge and tools to optimize financial performance while mitigating risks. It emphasizes practical applications of data analytics, compliance, and governance frameworks to strengthen road fund operations in the face of dynamic financial and operational challenges.
Course Objectives
By the end of this course, participants will be able to:
- Understand Revenue Management Principles: Grasp the foundations of risk-based revenue management tailored for road fund operations.
- Identify and Mitigate Risks: Recognize potential risks to revenue streams and develop effective mitigation strategies.
- Optimize Financial Sustainability: Improve revenue collection mechanisms and explore diverse funding sources.
- Leverage Data Analytics: Use advanced tools and techniques for forecasting, trend analysis, and real-time monitoring.
- Enhance Governance and Compliance: Strengthen internal controls, ensure adherence to regulations, and engage stakeholders effectively.
Who Should Attend
- Financial Managers: Seeking to enhance road fund financial sustainability.
- Risk and Compliance Officers: Addressing risks in revenue collection and adherence to laws.
- Revenue Officers and Debt Collectors: Optimizing collection techniques and reducing leakages.
- Internal Auditors: Strengthening internal controls and governance in road fund operations.
- Policy Makers and Strategic Planners: Designing frameworks for sustainable road fund operations
Course Outline
Module 1: Introduction to Risk-Based Revenue Management
- Definition and importance of revenue management in road fund operations.
- The role of risk assessment in financial sustainability.
- Key challenges in managing road fund revenues.
Module 2: Revenue Risk Assessment Frameworks
- Understanding risks: operational, financial, and external risks.
- Tools for identifying, categorizing, and prioritizing risks.
- Developing a comprehensive risk assessment matrix.
Module 3: Optimizing Revenue Streams
- Strategies for diversifying revenue sources (e.g., toll fees, fuel levies, public-private partnerships).
- Improving efficiency in revenue collection processes.
- Addressing revenue leakage and fraud in road fund operations.
Module 4: Mitigating Revenue Risks
- Designing risk mitigation strategies tailored to road fund operations.
- Legal and regulatory frameworks governing revenue collection.
- Fraud prevention, detection, and corrective actions.
Module 5: Data Analytics in Revenue Management
- Introduction to data analytics tools and techniques.
- Using predictive analytics for revenue forecasting and risk evaluation.
- Building dashboards for real-time monitoring and reporting.
Module 6: Effective Governance and Stakeholder Engagement
- Strengthening internal controls and accountability mechanisms.
- Legal and ethical considerations in road fund management.
- Developing effective communication strategies for stakeholder alignment.
Module 7: Practical Application and Case Studies
- Interactive exercises to design a risk-based revenue management strategy.
- Analysis of global best practices and successful case studies.
- Group discussions to share experiences and insights.
Module 8: Action Planning and Course Wrap-Up
- Recap of key lessons learned.
- Developing an actionable plan for participants to implement in their organizations.
- Feedback and course evaluation.
End of the workshop
IN HOUSE AND ONLINE TRAINING
While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.
For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com
