This two-day workshop is designed to provide managers, project leaders, and risk management professionals with the essential knowledge and tools needed to effectively identify, assess, and manage risks within their organizations. Participants will learn about risk management frameworks, techniques for risk assessment, and strategies for mitigating risks. Through interactive sessions, case studies, and practical exercises, attendees will develop the skills necessary to create and implement robust risk management plans.

Objectives:

This workshop aims to equip participants with the knowledge and skills to effectively manage risks, ensuring the resilience and success of their organizations in an ever-changing environment. By the end of the workshop, participants will be able to:

1. Understand the fundamental principles of risk management.
2. Identify potential risks within their organizations and projects.
3. Assess and prioritize risks using qualitative and quantitative methods.
4. Develop and implement effective risk mitigation strategies.
5. Monitor and review risk management processes continuously.

Outline:

Day 1: Fundamentals of Risk Management

1. Understanding Risk Management

• Definition and importance of risk management
• Key concepts and terminology
• Risk management frameworks and standards (e.g., ISO 31000)

2. Identifying Risks

• Techniques for risk identification (e.g., brainstorming, checklists, SWOT analysis)
• Types of risks (strategic, operational, financial, compliance, etc.)
• Documenting identified risks

3. Risk Assessment

• Qualitative risk assessment methods (e.g., risk matrices, probability-impact diagrams)
• Quantitative risk assessment methods (e.g., statistical analysis, Monte Carlo simulation)
• Tools and software for risk assessment Lunch Break

4. Prioritizing Risks

• Criteria for prioritizing risks
• Risk appetite and tolerance
• Developing a risk prioritization framework

5. Risk Mitigation Strategies

• Risk avoidance, reduction, transfer, and acceptance
• Developing risk mitigation plans
• Integrating risk management into project planning and execution

6. Hands-On Exercise: Risk Identification and Assessment

• Group activity to identify and assess risks for a given scenario
• Using risk assessment tools and techniques
• Presentations and group discussions

Day 2: Implementing and Monitoring Risk Management

1. Developing a Risk Management Plan

• Components of a risk management plan
• Steps for creating a comprehensive plan
• Communicating the risk management plan to stakeholders

2. Implementing Risk Mitigation Strategies

• Practical steps for implementing risk mitigation strategies
• Assigning responsibilities and resources
• Integrating risk management into daily operations

3. Monitoring and Reviewing Risks

• Establishing risk monitoring processes
• Key performance indicators (KPIs) for risk management
• Continuous improvement of risk management practices

4. Crisis Management and Contingency Planning

• Preparing for unexpected events
• Developing and testing contingency plans
• Role of communication in crisis management

5. Risk Management Case Studies

• Analysis of real-world risk management successes and failures
• Lessons learned and best practices
• Group discussions on case study insights

6. Hands-On Exercise: Developing a Risk Management Plan

• Group activity to develop a risk management plan for a given scenario
• Creating risk mitigation and monitoring strategies
• Presentations and group discussions

Facilitator:

Program Disclaimer:

– We will send a confirmation email with the details and instructions to the participant one (1) business day for online training and (3) business days for face-to-face training before the scheduled date of the program if it will push through or not. All training programs are subject to change depending on the number of confirmed participants. This will not be a liability from our end.
– For participants requiring booking flights and accommodation, please kindly wait for our confirmation if the training will push through. Again, this will not be a liability from our end.
– For cancellation three working days before the scheduled training you need to pay 50% of the total investment fee.