Introduction to Risk Management Training Course

Risk is inherent in any organization.  Without risk, there is no reward or progress.  No organization can afford to neglect risk, but many organization’s still do not fully realize the level of trust placed upon top management by stakeholders in maximizing opportunities and minimizing threats and the full extent of their obligations under legislation.  Lack of knowledge is no protection for either an organization or an individual.  This course based on ISO 31000:2009 seeks to address the need for organizations to gain an appreciation of risk management and the actions they should take typically to manage uncertainty that could interfere with the realization of the organization’ objectives and ensuring legal compliance.

Course Structure

This course is a 14 hour/2 day course.

Course Start: 09:00 a.m & Course Finish: 17:15 p.m

A detailed course breakdown is as follows:

Day 1

Introduction to Risk Management

Terminology

Introduction and Evolution of Risk Management Standards
including the relationship with industry scheme standards

Understanding the role of Risk Management
including its relationship with Corporate Governance Reporting (CGR), Enterprise Risk Management (ERM) and other ISO standards

Principles of Risk Management
Eleven Principles of Risk Management

Risk Management Framework and PDCA Cycle
Establishing the Context, Risk Management Policy, Five Excellence Criteria and Associated Measures, Integration, Accountability, Resources, Communication and Reporting, and relationship between the components of the Risk Management Framework

Day 2

Risk Management Process
Communication and Consultation, Establishing the Context, Risk Criteria, Risk Assessment, Risk Treatment and Monitoring and Review

Risk Management Plan
Risk Assessment, Risk Treatment Options, Controls, and Plan

Attributes of Enhanced Risk Management

Risk Management Indicators
Resources, industry indicators and their role in evaluation

Risk Management Techniques and ISO 31010
Overview of Risk Assessment Techniques

Course Assessment

The delegate is assessed based on participation and performance throughout the duration of the course. This includes all exercises, case studies and all other activities during the course. Please note, full attendance is required during the training course.

Training Methodology

An interactive two-day course employing a mixture of formal presentations, workshop exercises and assessment.  The methodology is known as Accelerated Learning.  Accelerated Learning involves the whole person, using physical activity, creativity, collaboration among learners, variety that appeals to all learning styles, contextual learning with real-world immersion, the creation of a positive physical, emotional, and social environment and other methods designed to get people deeply involved in their own learning.

What's Included on the course

• Comprehensive Course Manual
• Delivery by Expert Tutor (s) with real life experience
• Additional Handouts
• Digital Training Certificate (Successful Completion or Attendance)