Risk Management

Overview:

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

What Will Students Learn?:

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 Topics are Covered?:

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

What’s Included?: Instruction by an expert facilitator, small interactive classes, manual & course materials and certificate