Risk Management - Accredited

Accredited
Duration: 2 Days
Time: 8:30am-4:00pm

"Risk management is a more realistic term than safety. It implies that hazards are ever-present,
that they must be identified, analysed, evaluated and controlled or rationally accepted.”
Jerome Lederer, aviation-safety pioneer

Enterprise Risk Management (ERM) is no longer optional – it is essential. Every organisation, regardless of size, faces a wide range of potential threats that can disrupt operations, damage reputation, and impact financial stability. These risks may stem from internal weaknesses, external pressures, or unexpected crises.

In the past, many organisations relied on insurance alone to handle risks like fire, theft, or liability. But today’s landscape is far more complex. From data breaches and regulatory non-compliance to strategic missteps and economic volatility, modern risk requires a more structured, proactive approach.

This course offers a comprehensive introduction to risk management principles and practical tools. You will learn how to identify and assess potential risks within your business unit, evaluate their impact, and develop contingency plans that align with your organisation’s strategy. You will also explore methods for reviewing and refining these plans to ensure ongoing resilience.

WHO SHOULD ATTEND

• Senior managers
• Department and section heads
• Managers with teams reporting to them
• Operational and compliance leaders
• Business owners responsible for strategic planning

HOW YOU WILL BENEFIT

• Understand how different types of risks can affect business continuity
• Identify and assess risk factors in your unit using proven methods
• Analyse the impact of risks and prioritise appropriate responses
• Apply probability theory to strengthen decision-making
• Develop contingency plans that align with organisational strategy
• Communicate risks and plans effectively across the organisation
• ·       Build resilience by testing and improving your response systems

WHAT WILL BE COVERED

Understand potential risks to a unit

• Defining risk and the benefits of proactive risk management
• Types and categories of risk: financial, strategic, legal, operational, reputational
• Common internal and external risk factors
• The role of organisational policies, regulations, and procedures
• Understanding the risk management process and creating a risk management plan

Identify potential risks and assess their impact

• Identifying risk factors in critical processes
• Describing and categorising possible risk scenarios
• Qualitative and quantitative risk assessment techniques
• Practical tools: HAZOP, FMEA, What-if Analysis, ISHIKAWA, PHA
• Applying probability theory: A Priori, A Posteriori, and risk estimation models
• Evaluating the likelihood and impact of identified risks

Develop contingency plans

• Creating practical contingency strategies based on analysis
• Aligning risk responses with organisational policies
• Communicating contingency plans to relevant stakeholders
• Structuring contingency documents for easy access and review

Test and revise contingency plans

• Conducting simulations and testing for different risk scenarios
• Monitoring and reviewing risk controls and mitigation strategies
• Documenting recommendations for plan improvements
• Updating contingency plans based on test findings and feedback