Risk Management Training

Australia Wide Including: Sydney, Brisbane, Melbourne, Adelaide, Perth, Canberra, Geelong, Parramatta, Gold Coast.

Investing in Risk Management is important for any type of business. This Risk Management Training Session will discuss the effective methods your team can apply in order to identify and control the threats to a company’s earnings or capital. This training session can be applied to an individual project, a department, or even to a large firm. Being able to employ the risk management techniques will help an individual or a team to become highly effective in their roles and to perform better.

Risk happens when one is not aware of what he/she is doing. Hence, investing in risk management training can help avoid or eliminate potential threats to a company’s earnings, which can result in cost-cutting in order to provide beneficial growth to one’s business. This training program will surely deliver an effective approach that is applicable to employee team at all levels. Ensure that your team is aware of Risk Management and the proper ways to become professionally effective individuals.

Risk Management Training Outcomes

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 progr

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.

Tailored Risk Management Course

Since Paramount Training and Development offers a wide range of training programs and modules, we also offer to create a workbook that is appropriate to your team by including different modules from different training sessions. Please do not hesitate to reach out to this number 1300 810 725 to learn more about Risk Management Training or any other training sessions.

Risk Management

The Risk management framework given in this program is flexible enough for almost any organization. You can apply it to one project, a department, or use it as a foundation for an enterprise-wide hazard management program.

This training course can allow you to teach participants how to:

  • Define risk and risk management
  • Describe the COSO ERM block and ISO 31000
  • Establish a risk management context
  • Describe the 7 R and 4 T’s that form The framework of risk management actions
  • Design and complete a simple risk assessment
  • Determine the right response to Risks and make a plan for all those responses
  • Describe the essential components of Reporting, tracking, and evaluation of a risk management application

Course Overview

We begin by discussing what’s going to occur during the workshop. Students will also have a chance to identify their personal learning goals for the program.

Understanding Risk

In this session, you may go over the definitions of risk and hazard management, kinds of dangers, and the critical elements of establishing your risk management context. To wrap up the session, you may review two key risk management models: the COSO ERM block as well as the ISO 31000 risk management standard.

Risk Management Activities

This session will offer the framework for the rest of the day: the seven R’s and four T’s of risk management.

Assessing Risk

Next, Participants will learn how to design a simple risk assessment procedure. They will also begin working on a case study which will be used during the day.

Responding to Risks

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

Resourcing Controls

Next, Participants will explore controls which could be put into place to mitigate risks.

Reaction Planning

This session provides participants a checklist of things to include in their contingency plan.

Reporting and Monitoring

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

Reviewing And Assessing the Framework

The last session provides participants a checklist for reviewing their risk management program.

Course Wrap-Up

At the end of the program, students will have a chance to ask questions and complete an action plan.

Additional Modules and Sample Sections

Define risk and risk management

Help determine what risk is and the types of risk that can affect one’s business whether it is positive, negative or neutral. This section is designed to discuss the scope of risk management.

Describe the COSO ERM cube and ISO 31000

In this section, you will learn more about COSO ERM cube and ISO 31000.

Establish their risk management context

In this segment, participants will learn to evaluate and establish the risk management context.

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

This session will educate participants about the basic technique of following the procedure of risk management. This will also mainly cover the individual areas of risk management activities.

Design and complete a basic risk assessment

Ensure that participants have learned all the sessions discussed with them by letting them complete an assessment regarding basic risk management.

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

After finishing the basic risk assessment activity, this session will help participants create an action plan and determine the response to risks.

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

Know more about the main elements of reporting, monitoring and program evaluation that the participants have worked on in the previous session.

Customised Training Session For Teams (Included No Charge)

Customisation is the way to go. When you are looking for a course that suits your needs, generic off the shelf content doesn’t do it well. We want you to be completely satisfied with both the content and the delivery and we believe that with good content you are half way there. Customising your session will only benefit your team and make your examples more applicable. Best of all customisation is free. Call us today to see more samples or for details on how we can custom make a training session to suit you.

In-House Customised training benefits:

  • Flexible length – You choose the length of the session
  • Highly Effective Team/Industry Specific
  • Certificate of Completion (Professional Grade)
  • Create a Team Building environment
  • Cost effective – Group rate discount
  • Printed courseware (No need to download or use an App to read)

Creating Content (Contact us for Quotation)

Create your workbook and manual with the help of our team. We are able to develop your very own courseware and help you take ownership of a great training session. If you would like specific needs or unique content written up we can do that too. We have a team of researchers, developers and designers ready to help. Learn more about our courseware options and we can quote you on your next workbook today.

Instructor Led Online

Download Certificate of Completion $495 inc GST
Printed and Posted Certificate of Completion $515 inc GST

We provide this course as an online assisted course. You provide the date and time, we provide the trainer and material. Great for regional business or employees that are at multiple premises. The benefits of booking an online assisted or instructed led training session is you don’t have to wait for a specific date or course to come up. We book in a time available to you. Same course as a workshop but just for you and online instead.

Online Self Paced

Download Certificate of Completion $69 Inc GST
Printed and Posted Certificate of Completion $89 Inc GST

Online self paced training with a pre-recorded trainer. You can pause the couse at any stage. It is self paced and interactive. This option is cost effective and available so you can learn at anytime of the day. Logins are provided straight away and you can choose a Printed Certificate option where we post you a Professional Grade Certificate.

Get Information or Quotation For Your Team

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