Risk management is the process of systematically identifying, analysing and mitigating potential issues that an organization may face during its operation. The potential issues can exist in many forms such as safety, quality, financial and operational risks. It has become critical for companies in the global market to analyse these risks and act to mitigate these.
Aims and Objectives
Our course will explore the details of risk management methodology while giving the delegate practical experience in utilizing the various tools and techniques.
At the end of the course the delegates should be able to:
Differentiate between Risk Analysis and Risk Management
Describe systemic risk and create mitigation plans for long term effect
Utilize team dynamics and data to determine probable risk.
Utilize the methodology and tools for analyzing risk.
Utilize the methodology and tools for mitigating risk.
Utilize probabilistic models to determine risk rating.
Assess an organisation’s risk maturity and identify where improvements can be made.
The importance of culture, communication, and behaviour in an effective risk management structure.
Anyone looking to pursue a career in risk management
Anyone looking to embed risk based thinking in their organization.
Executives and Heads of Departments to understand risk management and the role it should play within their organisations.
Risk management practitioners of all levels requiring a refresher on recent developments in risk management.
There are no prerequisites to attend this course.
Introduction to Risk Management
What is risk
Types of risk
Enterprise Risk Management
Benefits and objectives
Value of strategic ERM
Risk Management Process
Evaluating the current situation
Identifying the risks
Assessing and analysing
Implementation of a risk management plan
Control and monitoring
Operational Risk Management
Risk to Health and Safety, Risk to Quality, Risk to Cost, Risk to Delivery, Risk to Morale.
Financial Risk Management
Technology Risk Management
Environment Risk Management
Market and Social Risk Management
Developing a Risk Management Strategy
This course is an instructor led classroom based session and take 2 days to complete. The course consists of a blend of lectures, application, individual and team based exercises. All other materials will be provided to the attendees. Delegates will be required to complete a multiple choice exam at the end of the course. If successful, delegates will be provided with a certificate in Risk Management.