Risk Management

Risk Man­age­ment

Risk man­age­ment has long been a key part of project man­age­ment, but in recent years, it has become an increas­ingly impor­tant part of orga­ni­za­tional best prac­tices. Cor­po­ra­tions have real­ized that effec­tive risk man­age­ment can not only reduce the neg­a­tive impact of crises; it can pro­vide real ben­e­fits and cost savings.

The risk man­age­ment frame­work pro­vided in this one-​day work­shop is flex­i­ble enough for any orga­ni­za­tion. You can apply it to a sin­gle project, a depart­ment, or use it as a basis for an enterprise-​wide risk man­age­ment program.


How You Will Benefit:

  • Define risk and risk management
  • Describe the COSO ERM cube and ISO 31000
  • Estab­lish a risk man­age­ment context
  • Describe the 7 R’s and 4 T’s that form the frame­work of risk man­age­ment activities
  • Design and com­plete a basic risk assessment
  • Deter­mine the appro­pri­ate response to risks and cre­ate a plan for those responses
  • Describe the key com­po­nents of report­ing, mon­i­tor­ing, and eval­u­a­tion of a risk man­age­ment program

What You Will Cover:

  • Under­stand­ing risk
  • Risk man­age­ment activities
  • Assess­ing risk
  • Respond­ing to risks
  • Resourc­ing controls
  • Reac­tion planning
  • Report­ing and monitoring
  • Review­ing and eval­u­at­ing the framework

Intro­duc­tion and Course Overview
You will spend the first part of the day get­ting to know par­tic­i­pants and dis­cussing what will take place dur­ing the work­shop. Stu­dents will also have an oppor­tu­nity to iden­tify their per­sonal learn­ing objectives.

Under­stand­ing Risk
In this ses­sion, you will dis­cuss the def­i­n­i­tions of risk and risk man­age­ment, types of risks, and the key com­po­nents of estab­lish­ing your risk man­age­ment con­text. To wrap up the ses­sion, you will review two key risk man­age­ment mod­els: the COSO ERM cube and the ISO 31000 risk man­age­ment standard.

Risk Man­age­ment Activ­i­ties
This ses­sion will pro­vide the frame­work for the remain­der of the day: The seven R’s and four T’s of risk management.

Assess­ing Risk
Next, par­tic­i­pants will learn how to design a basic risk assess­ment process. They will also start work on a case study that will be used through­out the day.

Respond­ing to Risks
In this ses­sion, par­tic­i­pants will learn about the four T’s of respond­ing to risks: Tol­er­ate, Treat, Trans­fer, and Terminate.

Resourc­ing Con­trols
Next, par­tic­i­pants will explore con­trols that can be put into place to mit­i­gate risks.

Reac­tion Plan­ning
This ses­sion will give par­tic­i­pants a check­list of items to include in their con­tin­gency plan.

Report­ing and Mon­i­tor­ing
In this ses­sion, par­tic­i­pants will dis­cuss report­ing hier­ar­chies and requirements.

Review­ing and Eval­u­at­ing the Frame­work
The final ses­sion will give par­tic­i­pants a check­list for review­ing their risk man­age­ment program.

Work­shop Wrap-​Up
At the end of the day, stu­dents will have an oppor­tu­nity to ask ques­tions and fill out an action plan.


Short Descrip­tion

Risk man­age­ment has long been a key part of project man­age­ment, but in recent years, it has become an increas­ingly impor­tant part of orga­ni­za­tional best prac­tices. Cor­po­ra­tions have real­ized that effec­tive risk man­age­ment can not only reduce the negative

Course Info

One Days — 8 hr :

Con­tact Us

ITBC­group.…

25 Amhurst Road…

Lon­don , UK , E5 8HH

Cell: +07495497301

Maadi , Cairo, Egypt

Cell: 01001531899 | 01017080808

www​.itbcg​.net | info@​tbcg.​net

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