Indonesian Organizations Train on Risk Management Amid Economic Uncertainty

Strengthening a risk management culture is key to effective and sustainable organizational governance, according to a joint training initiative by the Indonesian Ulema Council's Economic Development Institute (LPEU MUI) and the Indonesian Energy Risk Management Association (AMREI). The 'Risk Based Performance Management Training' took place on August 7-8, 2026, at the MUI Central Office in Jakarta.

Rifky Assamady, Chairman of AMREI, highlighted that the training serves as a knowledge transfer platform, particularly for those involved in the 'economy of the faithful.' He stressed that risk management is often misunderstood as a mere administrative obligation. However, Assamady emphasized its critical role in organizational and business continuity, especially in the current turbulent economic climate where many entities fail due to a lack of risk anticipation.

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Risk management is often misunderstood as a mere administrative obligation. However, its application is an important factor in maintaining the sustainability of an organization or business.

Assamady pointed out that while many organizations have robust Key Performance Indicators (KPIs), the formulation of targets often lacks adequate risk identification and measurement. He advocated for integrating Key Risk Indicators (KRIs) into long-term business planning to ensure that every step and target is underpinned by a thorough risk assessment. This approach, he explained, better prepares organizations to navigate challenges.

The training employed not only theoretical instruction but also simulations and games to facilitate practical understanding. "We don't want participants to just memorize theory. Through games, participants learn how to communicate, mitigate risks, accept input, and build collaboration with partners," Assamady stated. He reiterated that risk is an inherent part of business and the focus should be on minimizing its impact through appropriate mitigation strategies, often achieved through collaboration with diverse partners.

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We don't want participants to just memorize theory. Through games, participants learn how to communicate, mitigate risks, accept input, and build collaboration with partners.