Principles of Risk Management

Course Description

The course covers how to:

  • Identify, analyse and quantify risks
  • Plan to reduce the adverse consequences of risk
  • Manage the risk plan

The course lasts for 2 days and serves as an extensive overview of Management of Risk (M_o_R®) based on OGC’s best practice guide Management of Risk: Guidance for Practitioners and includes:

  • Instructor Led tuition
  • Individual & Group exercises
  • Delegate pack

Course Objectives

By attending this course you will demonstrate risk management principles which will enable your next project to be better equipped to return the intended business benefits. The course enables delegates to:

  • Identify the key principles underpinning the effective management of risk
  • Apply the main components of the risk management process
  • Recognise how to manage risks at the Strategic, Programme, Project and Operational levels
  • Utilise a range of techniques that can be used to support the management of risk process

Intended Audience

The course is aimed at:

  • Corporate Managers who are responsible for corporate governance and the organisation’s overall exposure to Risk
  • Programme Managers and Project Managers responsible for Risk relating to specific programmes and for managing Risk in projects
  • Operational Managers responsible for Risk that affects the continuity of business services

Delegates should have an understanding of project management, with respect to planning and control. No previous experience of specific project management methodologies such as PRINCE2™ is required.

Course Outline

The course is based around the delegates’ own projects. Practical exercises will contribute towards these ‘live’ projects which means that a significant amount of useful and valuable risk analysis can be performed and transplanted directly back into the delegates’ own environment. Using the delegates’ own projects as a means to conduct the exercises ensures that the time ‘out of the office’ is not taking time away from important tasks that need to be performed but actually serves as an investment towards those tasks.

What’s Included

  • Pre-course instructions
  • Delegate hand-out pack and workbook

Your Instructor

This course is delivered by a practising risk manager with many years experience of dealing with risk and issues in projects of all sizes.

Benefits

  • An understanding of the principles of Risk Management included in M_o_R® will enable future projects to be better equipped to return the business benefits intended
  • Discover a structured approach to handling the uncertain
  • Using the delegates’ own projects as a means to conduct the exercises serves as an investment towards those tasks

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M_o_R® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries
PRINCE2™ is a Trade Mark of the Office of Government Commerce