Description:

This two-day course covers an important business skill.

Business has to change all the time to meet the challenges of an increasingly global economy. The very process of change however involves uncertainty and this often diverts attention from other real issues. We have for years been conditioned to think of uncertainty (risk) as something that may harm us – a threat. However, what we have come to realise is that the same process which identifies threats also identifies opportunities, the very thing we are changing to benefit from. Risk management therefore plays the dual role of protecting us from threats whilst opening opportunities.

This course is about introducing an accredited risk management process into the business to provide the very information that the business leaders need to confidently move the business forward. Risk management allows the business to take risks by providing the metrics needed to do so. Risk management is something everyone can use, it is not complex and it can easily be absorbed into the fabric of the administration creating a dynamic risk culture. This leads to confidence and a more secure business development cycle.

The course will introduce the PRAM Guide accredited by the Association for Project Management, which is based on well established concepts and is proved technology. It is a process easily learnt and put into practice initially by the senior management and then by everyone else. Risk is not a process carried out by one person. It is a way of thinking, a thoroughness which results in doing the right thing every time.

Many companies are encouraged to adopt a formal risk management process by their shareholders or other bodies; it is considered to be a part of good corporate governance. It shows sound leadership and leads to predictable results. There are no downsides we know of except the cost of this training course – easily recovered.

An Attendance Certificate will be provided at the end of this skill course.

Vital Benefits:

Risk management is fundamental to confident business development as well as the identification of opportunity. Business must continually re-invent itself and is therefore intrinsically related to uncertainty. The course provides the following vital benefits:

• A complete understanding of the risk process - PRAM Guide
• A clear practical guide to producing a corporate risk plan
• An understanding of the many ways risks (threats and opportunities) can be identified
• An understanding of risk assessment and planning
• An introduction to the risk strategies for threats and opportunities
• A complete guide to qualitative analysis of risk
• The impact of human culture and behaviour on risk identification and assessment

Objectives:

Risk management is really not an option and there are very few downsides of implementing it. There does not seem to be any good reasons for not using risk management. In this course, it is our objectives to:

• Provide a sound understanding of the whole risk management process
• Explain the tools and techniques used in effective risk management
• Show how risk is managed in a typical business environment
• Provide practical and interesting case studies
• Discuss experiences and common obstacles to good risk management
• Create confidence in the use benefits of risk management

Topics:

There are many risk management guides – this course will use the PRAM Guide. The topics of this course cover all aspects of PRAM as follows:

• The five step process of define and focus, identification of risks, analysis and planning of identified risks and finally the management of the process
• The development of the risk plan
• The identification methods, the assessment and the strategies for managing them
• Many modern tools and how they work
• The human element – cultural variability in risk aversion
• Many advanced issues

Who to Attend:

Risk management provides many benefits including confidence and predictability amid uncertainty. This course would benefit all those people involved in leading or managing business including the supply chain where they have significant influence. We recommend this course to:

• Business leaders
• Business managers
• Senior managers
• Line managers
• Supply chain managers whose have significant impact on the business
• Those who make important decisions for the business
• Those who want to develop their business skills