ENTERPRISE RISK MANAGEMENT
Good Management Practices Through Practical Risk Management
Duration: 2 Days | 16 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:
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Explain risk-related concepts, terms, and principles
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Use a proven and practical risk management framework aligned to industry best practices
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Describe how to manage organization or project risks by identifying, analyzing, prioritizing, mitigating threats and capitalizing on opportunities
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Plan contingency responses, devise fallback plans, identify triggers or early warning signs
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Monitor and report on risk status, perform risk re-assessment and audits
