Duration

2 days

Overview

The importance of risk management cannot be avoided. It has been and is a fundamental part of doing business that must be addressed appropriately for the company to be successful. Managing risks by having a procedure in place to deal with risks does make a difference on their impact. However, effective risk management tools and techniques are critical to ensure risk can be managed in a consistent way, reliable analysis and produce a reliable trail. The choice of tools and techniques shall be relevant and suitable. Other applicable factors such as availability of resources, complexity and degree of uncertainty must be considered and addressed.

Objective

This programme aims to provide delegates with the knowledge and ability to :

Understand the general risk management framework
Comprehend practical and specific tools and techniques that can be adopted in risk management
Review the strengths of each tools and best applicable at which phases of process in managing risk
Communicate with Management or interested party(s) on how the organisation is performing and opportunity for improvements
Help organisations implement risk management in a way that is right for each organization

Who Should Attend

Managers/Executives/Supervisors, the Risk Management Committee Members and anyone who involves in establishing, identifying, assessing, implementing, reviewing and improving Risk Management at workplace

Note: All delegates must be familiar or preferably have some knowledge in ISO 31000 or other risk management requirements.

Other related programme

ISO 31000 - General Principles and Guidelines of Risk Management Course
Failure Mode & Effect Analysis Course

Course Agenda

Day 1

0845 Course registration

0900 Section1: Risk Management

- Terms & Definitions
- Risk Management Framework
- Risk Management Process
Risk Identification
Risk Analysis
Risk Evaluation
- Activities in Risk Assessment & Treatment

1045 Section 2: Tool 1

- Internal and External Context
- Brainstorming
- Delphi Technique
- Questionnaires & Surveys
- Scenario Analysis

1300 Lunch

1400 continue with Section 2

1630 Day 1 Course summary / Q & A

1700 End of Day 1

Day 2

0900 Review on Day 1

0915 Section 3: Tool 2

- Risk Analysis (consequence and probability) and Risk Map
- FMEA
- HAZOP
- Aspect and Impact

1130 Section 4: Tool 3

- Fault Tree Analysis
- Cause and Effect Analysis
- Cost/Benefit Analysis

13.00 Lunch

1400 Section 5 : Risk and Improvement

- Risk Treatment Options
- Monitoring and Review Process
- Management Review
- Internal Audit
- Corrective Action

1630 Course summary / Q & A

1700End of Course

There will be a break of 15 minutes mid-morning and mid-afternoon.

NB:

All Course times are approximate
Flexibility may be required in the above course content in order to include, as necessary, new training modules resulting from the changes in the standard and effectiveness of the training program where appropriate.

Programme scope, delivery arrangements and suitability are confirmed during enquiry.