Duration: 3 Days
Course Overview
The management of risk at all levels is a major contributing factor to success or failure. This course is a practical approach to embedding a risk management framework and culture for Business Managers, Programme and Project Managers, Operational Managers and any other roles within an organization which need to develop their understanding and skill set. The integration of Strategic, Program, Project and operational is covered with reference to global best practice methods. From this platform attendees will be able to apply the framework within their workplace and be able to define a strategy that is applicable to their work.
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Course Content
Principles and Governance
• Justify the adoption of a risk strategy
– Why spend time/money on considering RM
• Supporting the strategy
– Business buy in
• Benefits of adopting Risk Management
Risk Strategy and Approach
• Defining the Framework
• Risk definition and the components
• Embedding risk control into the business at all levels
Management view and focus
– Different views of the same information will be interpreted in different ways
• Integration into solution environmentTaking it into the business as usual environment
Project Justification
• Aligning risk with the business case
– Risk to benefit realisation
– Cost benefit analysis
• Decision to proceed
– The impact risk has on the decision
Supporting Documentation
• Document Index
• Document composition
• Configuration management
– Create, Review and baseline
• Document Relationship
• Support Roles and Responsibilities
The Risk Management Procedure
• Identify
• Assess
• Plan
• Implement
• Communication
Techniques
• Stakeholder Management and Engagement
• PESTLE and SWOT
• Risk breakdown diagram
• Cause and Effect analysis
• Sensitivity Analysis
• Scatter Diagram
• Risk Exposure Analysis
• Probability Tree
• Risk Description
Monitor, Control & Reporting
• Risk Control Data
– Capture and examine issues and risks
– Performing an impact analysis
• Management of the Risk Budget
• Risk Strategy and Communication Strategy Alternative
• Establishing and monitoring risk tolerance
Adoption, Embedding and Tailoring
• Ensuring risks are managed
• Aligning risk with the business case
• Preparing a risk statement
• Success factors to embed risk management
• Risk Governance and Compliance
• Changing the Culture
• Maturity Levels