Risk Management Training

Have you ever wanted to learn more about Risk Management as a team? This Risk Management Training Session is designed to help your team to apply it to a single project, a department, or use it as a basis for an enterprise-wide risk management program. The ability to use risk management techniques will enable your team to increase performance and become more effective in their roles.

This training and more is available in Canberra, Gold Coast, Sydney, Brisbane, Parramatta, Melbourne, Adelaide, Darwin and Perth


Objectives for the Risk Management Training Session

This session will help us teach your team:

Define risk and risk management

What is risk? What types of risk are there? Can it be positive, negative or neutral? We discuss and provide an overview of risk management in this section.

Describe the COSO ERM cube and ISO 31000

What is COSO ERM cube and ISO 31000? Find out more in this section of the course.

Establish their risk management context

Evaluating and establishing the risk management context will be demonstrated to participants through this section.

Describe the 7 R’s and 4 T’s that form the framework of risk management activities

A simple method to following the process of risk management. Most of the rest of the session will be discussing the individual areas.

Design and complete a basic risk assessment

We put all this knowledge to action by asking the participants to design and complete a basic risk assessment.

Determine the appropriate response to risks and create a plan for those responses

After the activity of a basic risk assessment, we then help the team determine the response and create a plan for action.

Describe the key components of reporting, monitoring, and evaluation of a risk management program

We then develop the components of reporting, monitoring and evaluation of the program the participants created earlier on in the session.

Additional Modules you can include in your custom team training

Using the risk information to re-design the job plan
Risks and Dangers : How they interact to one another
Considering hazard at every phase of the project
Represent risk choices in your job strategies
Recording the results of the risk management process
Factors affecting risk management
Track and Review Controls
Using hazard info to make choices
Identifying and Quantifying hazards in all stages of a project
Select and Implement controls
Recording the findings and implement them
Identify hazards and assess their risks
Risk Identification
Risk Management Essentials
Define the Risk Management Process
Understand how to get an eventuality that is realistic for your contracts in order to enhance competitiveness as a more tender or for getting project capital
Quicker and more focused contract negotiations to be enhanced by quantify problems
Understand the best way to develop an integrated risk management procedure for many of your contracts/job to lessen business risk
The 6 Steps to Risk Assessment
Learn how to use Risk Management Procedures to ensure the contract is robust
Develop contracts that are more fair using risk management
Assess the hazards and choose the precautions
Who should be responsible for every risk
Foreseeing and making a decision on how and who might be harmed
Review and update your risk assessment when needed

More information on the course outline

Responding to Risks

In this session, participants are going to learn about the four T’s of responding to risks: Tolerate, Treat, Transfer, and Terminate.

Reaction Planning

This session will give participants a checklist of items to include within their contingency plan.

Resourcing Controls

Participants will explore controls which can be put into place to mitigate hazards.

Reviewing and Appraising the Framework

The next part of the session will give participants a checklist for reviewing their risk management application.

Assessing Hazard

Next, participants are going to understand just how to design a basic risk assessment procedure. They will also begin work on a case study that will be used during the day.

Reporting and Monitoring

In this session, participants will discuss reporting hierarchies and prerequisites.

Understanding Threat

In this session, you’ll talk about the key components of establishing your risk management context, kinds of threats, as well as the definitions of hazard and hazard management. To wrap up the session, you will review two key risk management models: the COSO ERM cube and the ISO 31000 risk management standard.

Risk Management Training Summary

Risk Management training can reduce the negative areas and issues, meanwhile increasing cost savings and benefits to your company or business. No matter what level your employee team, we can deliver this training in an effective manner, helping your team learn more about Risk Management and how to utilize the skills professionally.

As we have a large range of training solutions and modules, we could also include modules from other training sessions to create your very own workbook to suit your team. If you would like more information on Risk Management Training or any of our other training sessions please call 1300 810 725