Risk Management

 

Target Audience

This risk management course is designed for individuals and organisations who want to develop their processes for managing risks. Whilst it is ideally suited to those working in a project or programme environment, anyone who is involved in managing risks will benefit from this course

Approach

This is a highly interactive course where delegates are encouraged to learn though a mixture of lectures, exercises and group discussion. There is an emphasis on practical application where delegates can apply their risk management training to a case study during the course which in turn will help increase confidence back in the work place.   

Instructors

All of our instructors have real world experience of managing organisational risks and are not just ‘training specialists’. Whilst our emphasis is on practical knowledge and skills, all of our instructors are also accredited to teach qualification based risk management courses.

Course Objectives

The aim of this course is to equip participants with a comprehensive understanding of the key aspects of risk management. This includes the principles that underpin effective risk management, the steps involved in identifying, assessing and controlling uncertainty as well as the common tools and techniques that can support efficient risk management.

By the end of the course delegates will be able to:

  • Understand the key characteristics of a risk
  • Appreciate the benefits of managing risks in a consistent way
  • Become familiar with the principles that underpin risk management and how they are applied in the workplace
  • Understand the steps involved in identifying, assessing and controlling risks
  • Apply a range of techniques that can support risk management
  • Understand the key documents that can be used to support the steps in the process 
  • Understand how a risk management framework can be integrated within an organisation or change activity

Course Information

Pre-requisites:

  • None

On-Going Support:

  • 90 days post-course support via email or telephone
  • Sample templates of common project documents provided as part of the course

Duration

  • 1 or 2 days

Participants

  • Maximum 10 delegates per course

Delivery Method

  • On-site

Venues

  • London or your own

Course Content

1. Risk Management Concepts

  • What defines a risk including threats versus opportunities
  • The overall risk management framework
  • Benefits from having a consistent approach to risk management
  • Key terminology

2. Key principles to effective risk management

2.1 Understanding the wider context to the organisational activity (e.g. project) in question

2.2 Ensuring the activity's objectives are clearly stated and understood

2.3 Identifying, analysing and managing stakeholders

2.4 Risk reporting

2.5 Establishing roles and responsibilities

2.6 Establishing an effective cycle of reviews

2.7 Common barriers to implementing risk management effectively

2.8 Setting up Early Warning Indicators (EWI’s)

3. Key steps to managing risks

3.1 Identifying the activity’s context, objectives, scope and stakeholders

3.2 Identifying threats and opportunities and describing each one using cause, event and effect

3.3 Estimating each risk in terms of probability, impact and proximity

3.4 Evaluating the net effect of risks when aggregated together.

3.5 Understanding and planning different risk response actions

3.6 Implementing selected risk responses and assigning risk ownership

3.7 Supporting risk documents e.g. Risk Management Strategy, Risk Register, and Risk Progress Report.

4 Integrating risk management

4.1 Identifying and measuring benefits from improved risk management

4.2 Improving behavioural and cultural risk awareness

4.4 Using Maturity Models to improve risk management

Available Courses

This is available as an on-site course only, no public courses are scheduled.



If you would like further information on our courses, or would like to discuss how we can build a course for your organisation using our training modules, please contact us.