Risk Management Training

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This course examines how to benefit from the Risk Management Training. Risk Management Training Course is now recognised as an exciting programme that will bring you up to date on the latest techniques and approaches that are appropriate in Risk Management.

By the end of this course participants will be able to:
• Understand the objectives and goals of Risk Management.
• Know how to understand risk management
• Know how to identify the five elements of risk management
• Identifying all credible risks
• Know Assessment Of all identified risks
• Know the Action planning For risk management
• Know how to use a risk register
• Know The five major types of actions for managing risks

Methodology of Training
Effective presentations for each of the topics together with interactive trainer lead sessions of discussion. There will also be practical sessions and the participants have the opportunity to practice and experience. Role-plays, case studies, DVD's, videos, small group work, exercises and feedback will be used to facilitate learning.

The Organisational Impact
• Participants will be able to work successfully in this course.
• Participants will be able to describe the role of the Risk Management.
• Improve your understanding of Risk Management.
• Participants are encouraged to identifying Risk Management.
• Participants will be able to create the five elements of Risk Management
• Participants will be able to monitor risk and control it.

This course is designed for :
Managers with a solid understanding of business risk and how to manage it.



17-21 October 2011

24-28 October 2011

31 October- 4 November 2011

26-30 September 2011

3-7 October 2011

10-14 October 2011
















Additional Info

  • Day 1:

    Understanding Risk Management
    •    The need for risk management and its benefits to the business
    •    Importance of the effective identification, assessment & management of risk
    •    Requirements for effective risk management
    •    Barriers to effective risk management and how to address them
    •    Definition of what constitutes a risk
    •    Difference between risks, issues and assumptions
    The Five Elements Of Risk Management
    •    Scope and intensity of risk management:
    o    Degree of application of risk management based on level of risk in the business and environment
    •    Awareness of degree of risk tolerance considered acceptable by the organisation
    •    The risk management process:
    o    The stages of the risk management process
    •    Roles & responsibilities in risk management
    •    The documents and products that are used during risk management
    Identifying All Credible Risks
    •    Different types & categories of risks that can be present in specific business areas
    •    Methods of capturing all types of relevant risks for the business area, and how to use them:
    o    Prompt Lists – Checklists – Questionnaires – Team Based Activity
    •    Describing each risk in a way that it enables the effective analysis of the risk:
    o    Risk statement to contain a condition and the consequenceo   

  • Day 2:

    •     Identifying the causes of risks
    •    Classifying the identified risks in 3 classes to aid analysis
    •    Identifying the residual risk that remains in place for each identified risk after the existing controls in the business have been taken into account
    Assessment Of All Identified Risks
    •    The three business reasons for analysing risk
    •    How analysis of each risk converts the statement of the risk into decision making information
    •    Process of analysing each risk:
    o    Classifying risks – merging of similar risks – assessing value of each risk – prioritising of risks 
    •    Assessment of each risk in terms of:
    o    Probability of it occurring
    o    Severity of impact
    o    Proximity of risk occurring from the present moment in time 

  • Day 3:

    •    Need for having established criteria for determining probability & severity of impact, so that each risk is assessed in a consistent way
    •    Using a Risk Assessment Matrix
    Determining whether a risk is high level, medium level or low level overallAction Planning For Risk Management
    •    Process of risk management action planning focusing on high level risks:
    o    Identification of approach to managing each high level risk – selecting risks for action – developing actions – creating a fall back plan

  • Day 4:

    •    The five major types of actions for managing risks:
    o    Reduction of probability of occurrence – reduction of severity of impact – avoidance of risk – transference of risk – acceptance of risk
    •    Examples of each of the five major types of actions for managing risks
    Risk Monitoring & Control
    •    The steps and actions involved in monitoring and controlling each risk
    •    The use of the Limit Testing Method to monitor and control the medium and low level risks
    •    The frequency of monitoring & controlling risks
    •    Communicating the results of monitoring the risks with key staff & stakeholders
    •    Managing stakeholders perceptions
    •    Tracking changes in risks

  • Day 5:

    Using A Risk Register
    •    The details for each risk that need to be included in a Risk Register
    •    The purpose of recording these details for each risk
    •    Importance of allocating an owner for each risk
    •    The responsibilities of the owner of each risk, and the support required by each risk owner
    •    How a Risk Register is used in the monitoring and control of each risk
    •    Updating of the contents in the Risk Register  
    Closure Of Management Of Each Risk
    •    Recording of closure or passing of risk on the Risk Register
    •    Recording of action taken to mitigate and manage the risk
    Capturing of learning from the management of risks for future use in managing other risks

  • Period: 5 Hours
  • Duration: 5 Days
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