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Details
Risk management skills are key to any business owner or manager. This Risk management workshop is a one day intensive training course which will focus on practical application of best practice theory.
Risk management has long been a key part of project management, but in recent years, it has become an increasingly important part of organizational best practices. Corporations have realized that effective risk management can not only reduce the negative impact of crises; it can provide real benefits and cost savings.
The risk management framework provided in this workshop is flexible enough for any organization. You can apply it to a single project, a department, or use it as a basis for an enterprise-wide risk management program.
This one-day workshop will help you teach participants how to:
- Define risk and risk management
- Describe the COSO ERM cube and ISO 31000
- Establish their risk management context
- Describe the 7 R's and 4 T's that form the framework of risk management activities
- Design and complete a basic risk assessment
- Determine the appropriate response to risks and create a plan for those responses
- Describe the key components of reporting, monitoring, and evaluation of a risk management program
Delivery Methods
Leading Training is focusing on providing virtual training courses for the foreseeable future and will only consider in-person and classroom training on request, with a required minimum group size of six delegates. We remain committed to offering training that is fast, focused and effective.
| Delivery Method | Duration | Price (excl. VAT) | ||
|---|---|---|---|---|
| Classroom | 1 Day | ZAR 2,750.00 | Get a Quote | |
| Live Virtual Training | 1 Day | ZAR 2,250.00 | Get a Quote |
Discounts Available
Save up to 10% by booking and paying 10 business days before the course.
Brochure:
Customer Testimonials
HeronBridge College
Lovely environment.
HeronBridge College
Nice facilities, friendly, nice food, sufficient breakfast. Thank you.
Audience
Business owners, managers
Pre-Requisites
none
Course Outline / Curriculum
You will spend the first part of the day getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.
- Understanding Risk
- In this session, you will discuss the definitions of risk and risk management, types of risks, and the key components of establishing your risk management context. 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 Activities
- This session will provide the framework for the remainder of the day: The seven R's and four T's of risk management.
- Assessing Risk
- Next, participants will learn how to design a basic risk assessment process. They will also start work on a case study that will be used throughout the day.
- Responding to Risks
- In this session, participants will learn about the four T's of responding to risks: Tolerate, Treat, Transfer, and Terminate.
- Resourcing Controls
- Next, participants will explore controls that can be put into place to mitigate risks.
- Reaction Planning
- This session will give participants a checklist of items to include in their contingency plan.
- Reporting and Monitoring
- In this session, participants will discuss reporting hierarchies and requirements.
- Reviewing and Evaluating the Framework
- The final session will give participants a checklist for reviewing their risk management program.
- Workshop Wrap-Up
- At the end of the day, students will have an opportunity to ask questions and fill out an action plan.
Schedule Dates and Booking
There are currently no scheduled dates.
Please note that this course needs a minimum of 6 delegates to schedule a course. You can choose to be added to the waiting list by clicking the button below, and we will contact you when we have enough delegates interested. Should we not get enough delegates, we will refund or credit your paid booking.
Should you need this course urgently, the following options are available:
- Pay for 6 delegates (whether you have them or not) and we will schedule the course as soon as possible.
- If you have fewer delegates and cannot pay for 6, we can negotiate a shortened course where some of the time will be spent in blended learning - watching videos and doing tutorials and exercises with some contact time with the trainer. We would want to discuss what your core needs are so that we cover those aspects. You need to have paid for 3 delegates at least.