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Program Duration Batch Starts Time Price Enroll Book free demo
Weekend
16 Hrs/2days Weekend Morning-Batch USD 350
INR 18000
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About Course

The objectives of this Risk Management workshop are:

To appreciate the need for the management and review of risk
To provide a framework & process for the management of risk
To understand a variety of techniques to identify, assess, manage & monitor risks
To enable the delegates to have experience in using some of these techniques
To understand the importance of planning and implementing identified risk management actions
To understand the overall management of risk process

CURRICULUM

Risk Management

  • 1.1 The need for risk management and its benefits to the business
  • 1.2 Importance of the effective identification, assessment & management of risk
  • 1.3 Definition of what constitutes a risk
  • 1.4 Difference between risks, issues and assumptions
  • 1.5 Requirements for effective risk management
  • 1.6 Barriers to effective risk management and how to address them
  • 2.1 Scope and intensity of risk management: Degree of application of risk management based on level of risk in the business and environment
  • 2.2 Awareness of degree of risk tolerance considered acceptable by the organization
  • 2.3 The risk management process: The stages of the risk management process
  • 2.4 Roles & responsibilities in risk management
  • 2.5 The documents and products that are used during risk management
  • 3.1 Different types & categories of risks that can be present in specific business areas
  • 3.2 Methods of capturing all types of relevant risks for the business area, and how to use them: Prompt Lists – Checklists – Questionnaires – Team Based Activity
  • 3.3 Describing each risk in a way that it enables the effective analysis of the risk: Risk statement to contain a condition and the consequence
  • 3.4 Identifying the causes of risks
  • 3.5 Classifying the identified risks in 3 classes to aid analysis
  • 3.6 Identifying the residual risk that remains in place for each identified risk after the existing controls in the business have been taken into account
  • 4.2 Process of analyzing each risk
  • 4.2 Assessment of each risk
  • 4.3 Using a Risk Assessment Matrix
  • 4.4 Determining whether a risk is high, medium or low level
  • 5.1 Process of risk management action planning focusing on high level risks
  • 5.2 The five major types of actions for managing risks
  • 6.1 Whats included?
  • 6.2 Purpose
  • 6.3 Allocating an owner
  • 6.4 Responsibilities and support
  • 6.5 Monitoring and controlling risk
  • 6.6 Updating of the contents in the Risk Register
  • 7.1 Monitoring and controlling each risk
  • 7.2 Limit Testing Method
  • 7.3 The frequency of monitoring & controlling risks
  • 7.4 Communicating the results of monitoring the risks
  • 7.5 Managing stakeholders perceptions
  • 7.6 Tracking changes in risks
  • 8.1 Closure or passing of risk
  • 8.2 Action taken to mitigate and manage the risk
  • 8.3 Learning for future use

Exam & Certification


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