Risk Management

Workshop Overview:

Risk Management is about anticipating risks and having a plan in place that will resolve it when it occurs. Risk management saves time, money and efforts. It reduces unnecessary stress on the project team. Risk management helps prevent many problems and helps make other problems less likely. Risk Management activities are integral to a project manager’s daily work. Through risk management, the project changes from being in control of the project manager to the project manager being in control of the project.

Workshop Objectives:

This 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

Workshop Contents:

• Understanding risk
• Risk management activities
• Assessing risk
• Responding to risks
• Resourcing controls
• Reaction planning
• Reporting and monitoring
• Reviewing and evaluating the framework

Audience Profile:

Planning and Project managers