Supervisors and Management
Risk Management
Course Introduction
Risk Management has always been a crucial part of project management. It is the process of minimizing risks to an organization’s objectives. Companies have come to understand that good risk management not only helps to lessen the negative effects of crises, but it may also result in cost savings and actual advantages. The risk management approach offered in this training is adaptable enough for any sector. It can be utilized for a single project, a department, or as the foundation for a company-wide risk management program.
Course Objectives
- Define risk and risk management
- Explain the COSO ERM cube and ISO 31000
- Establish their risk management context
- 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
- Explain key components of reporting, monitoring, and evaluation of a risk management program
Course Outline
Module 1: Understanding risk
Module 2: Risk management activities
Module 3: Assessing risk
Module 4: Responding to risks
Module 5: Resourcing controls
Module 6: Reaction planning
Module 7: Reporting and monitoring
Module 8: Reviewing and evaluating the framework
Course Introduction
Risk Management has always been a crucial part of project management. It is the process of minimizing risks to an organization’s objectives. Companies have come to understand that good risk management not only helps to lessen the negative effects of crises, but it may also result in cost savings and actual advantages. The risk management approach offered in this training is adaptable enough for any sector. It can be utilized for a single project, a department, or as the foundation for a company-wide risk management program.
Course Objectives
- Define risk and risk management
- Explain the COSO ERM cube and ISO 31000
- Establish their risk management context
- 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
- Explain key components of reporting, monitoring, and evaluation of a risk management program
Course Outline
Module 1: Understanding risk
Module 2: Risk management activities
Module 3: Assessing risk
Module 4: Responding to risks
Module 5: Resourcing controls
Module 6: Reaction planning
Module 7: Reporting and monitoring
Module 8: Reviewing and evaluating the framework