This highly interactive workshop uses a short case-study to enable delegates to gain confidence in the use of proven techniques in the areas listed below. The course will explain each stage of a formal risk management process before concluding with a discussion on the similarities and differences between risk and issue management. We provide a firm foundation for further development of risk management skills through self-reading, more advanced training and practical hands-on experience.
Risk Management Overview
Learners are introduced to the world of risk and why effective management of this area is of increasing importance in these highly volatile times. We identify many of the internal and external factors that will influence the organisation’s attitude in relation to the risk it is prepared to accept and how this risk will then be managed. This section finishes with a discussion of what ‘risk’ actually means before we identify the importance of having a documented risk management process and/or plan.
Risk Identification
Learners will evaluate the strengths and weaknesses of a number of tools that might be used to identify risks across different organisations and industry sectors.
Risk Assessment
We investigate the qualitative and quantitative assessment of risk and discuss the appropriate use of these techniques within each delegate’s organisation.
Risk Response Planning
A number of techniques are introduced that may be applicable for responding to risks, whether they are threats or opportunities. We also discuss the criteria that might be used to determine the likely effectiveness of any planned response.
Risk Implementation
The risk management process concludes with the actions that can be undertaken to ensure that the agreed risk response produces the desired result. Learners are then asked to list the benefits of adopting a formal risk management approach as well as identifying the challenges of doing so.
Issue Management
The final topic of the day will discuss the similarities and differences between risk and issue management before listing the typical steps within a formal issue management process.
Certified Risk Management exam
Each learner will have the opportunity to prepare for and then take this risk management exam digitally.
The exam is taken at the end of the day:
- 30 minutes
- 40 multiple choice questions
- Closed book
- 22 correct answers to pass (55%)
