Risk Management Training
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.
Check out this training and more 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
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.
- 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 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.
This session will give participants a checklist of items to include within their contingency plan.
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.
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.
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 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.
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.