* All fees are exclusive of vat ** PREMIUM - Customize your learning experience
This course will help you explore the best current practice in operational risk management. You will learn how to identify and prevent the occurrence of risks in the business context, assess risk appetite within your organisation, set up the most effective risk management framework as well as strategies for risk monitoring and reporting. In this Operations Risk Management and Mitigation training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach applies a proven six-step methodology of risk planning through to identification, analysis and control.
The training course is based on the latest PMBOK 6th edition and also applies the principals of ISO 31000:2009, “Risk Management - Principles and Guidelines” and ISO 31010:2009, “Risk Assessment Techniques”.
What Do Participants Learn?
Develop an overview of the Risk Management Process
Learn to identify risks that affect operational safety, time, cost and quality
Apply useful techniques to identify, analyse and mitigate risks throughout the operations life-cycle
Learn about the most effective strategies for managing operational risk
Understand specific risks in financial institutions and their impact on operational efficiency
Learn how to create an effective risk monitoring plan and risk management strategies
Use a practical, six-step process to manage operations risks
Develop a risk management budget based on Expected Monetary Value (EMV)
Who Should Attend?
This course is designed for existing Risk Management Professionals (both beginners & intermediate) who want to enhance their risk management knowledge & skills.
Operational Risk Managers
Staff with roles and responsibilities in operational risk in risk management departments, businesses, and central departments
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Day One: Risk Management Framework and Planning
The Six Risk Management Processes
Purpose & Benefits of Risk
Responsibilities in Risk Management
Integrating Risk Management into the Operations Management Process
Risk Management Planning
Risk Planning Process
Day Two: Risk Identification Processes
Operations Context & Stakeholders
Risk Identification Inputs
Risk Identification Tools & Techniques
Consequential Risk Identification
Risk Identification Outputs
Risk Planning & Identification Exercises
Day Three: Risk Assessment and Quantification Processes
Operations & Maintenance Estimating Techniques
Schedule Diagramming - Critical Path Method (CPM)
Program Evaluation & Review Technique (PERT)
Qualitative Risk Analysis
Quantitative Risk Analysis
Risk Assessment Exercises
Day Four: Risk Factors and Response Plan Development
Risk Response Strategy Guidelines
Response Strategies for Threats & Opportunities
Response Planning & Analysis
Alternative Responses & Response Validation
Persistent pollution or receiving waters
Assessment of pollution risks
Assessment of flood risks
Barriers to integrated urban stormwater management
Application of Stormwater BMPs/SUDS for Risk Management