ENTERPRISE RISK MANAGEMENT

Good Management Practices Through Practical Risk Management

Duration: 2 Days | 15 Contact Hours | Code: ERMT

ABOUT THE PROGRAM
Good Management Practices Through Practical Risk Management

Risk Management is essential for any good management practice. Managers are often under pressure to make decisions and deliver projects on accelerated schedules, and to incorporate new technologies and innovations to stay ahead of the competition. To minimize the possibility of making the wrong decisions, managers should evaluate every decision made and what impact it has on the organization and/or project stakeholders.

This program introduces a well-proven and practical framework for risk management, all in compliance with the ISO 31000 Enterprise Risk Management principles and generic guidelines. It is also aligned with the Project Management Institute's (PMI) global standard 'Practice Standard for Project Risk Management’.

Combined with subject matter discussions, participants will be organized in simulated project teams to work on real life case studies. The teams will apply a set of practical tools and techniques to develop complete risk management planning deliverables.

Participants will be empowered with a set of risk management tools, techniques, and practical skills to immediately contribute to their crucial projects on site and back at the office.

Program Outline

Overview and Risk Management

Risk Management Principles and Concepts
Risk Management Trends and Best Practices
Accountability and Governance

Plan Risk Management

Critical Success Factors for Plan Risk Management
Iterative Risk Management Processes

Identify Risks

Tools and Techniques
The Risk Register

Risk Analysis

Probability and Impact Matrix
Qualitative Risk Analysis and Risk Prioritization

Plan Risk Responses

Risk Response Strategies
Risk Response Analysis

Risk Monitoring and Control

Monitor, Track and Evaluate
Risk Re-assessment and Audits
Risk Communication and Consultation

Project Closeout
Lessons Learned
Maintain Risk Awareness

Who Should Participate

This course is perfect for senior managers, project managers, team leaders, and any other stakeholders seeking to implement consistent, well-balanced risk management programs in a cost-effective manner, using proven industry techniques.

Learning Objectives

At the end of this action-based workshop, participants will be able to:

  • Explain risk-related concepts, terms, and principles

  • Use a proven and practical risk management framework aligned to industry best practices

  • Describe how to manage organization or project risks by identifying, analyzing, prioritizing, mitigating threats and capitalizing on opportunities

  • Plan contingency responses, devise fallback plans, identify triggers or early warning signs

  • Monitor and report on risk status, perform risk re-assessment and audits

Credits

This course qualifies for 15 Professional Development Units (PDUs) for both PMP and PMI-RMP credential holders under Project Management Institute (PMI) Continuing Certification Requirements (CCR) program Category A.

Train with ePM and you’re in good company

OUR TRAINERS

Our trainers have many years of project management, leadership and training experience. All have used the processes, tools, techniques and good practices outlined in the Project Management Institute PMBOK® Guide and are able to relate this knowledge to the running of successful projects in industry.

THE COURSE MATERIAL

Our group exercises and exam practice questions have been developed over many years following Instructional Design techniques. All materials are regularly updated based on participant feedback and current industry good practices.

THE TRAINING WORKSHOP

Our workshops are conducted in a group environment where participants are encouraged to participate in individual and team activities to promote learning, build team morale and reinforce understanding of concepts.

TRAINING GRANTS

Funding support for training courses. Terms and conditions apply.

The CITREP II Expanded
Funding

Singapore

The trainee or the organization can claim up to 70% of the nett payable course and certifications/ assessment fees (up to a maximum of $3,500 per trainee).

Productivity & Innovation Credit (PIC) Scheme

Singapore

Under the PIC Grant for the Training of Employees, you can get 60% Cash Payout or 400% Tax Rebate on the total training amount spent by the Company, whether they are local or foreign employees.

Skim Bantuan Latihan (SBL) Scheme

Malaysia

The HRDF–SBL Scheme supports up to 100% of the course and exam fees, capped at RM1,300 per day for Company-sponsored trainees. Prior approvals must be obtained from HRDF.