Risk Management Professional Training
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Risk Management Professional Training Course
Introduction:
The role of a Risk Management Professional involves identifying, analyzing, and documenting the risks associated with a company's business operations. They also monitor the effectiveness of risk management processes and implement necessary changes.
The risk management department directs its attention to company-wide risks, including operational, compliance, financial, technology, and asset-related risks. Risk is a critical factor in any project, yet its true value is often misunderstood, as it has the potential to deliver significant benefits to both the project itself and the individuals involved.
This interactive and highly practical Risk Management Professional training course is designed to guide participants through the risk management framework, starting from the basics and progressing to senior management level. The course is structured to equip delegates with the skills and knowledge necessary to become competent risk practitioners themselves.
Course Objectives:
The main objective of this Risk Management Professional is:
- Understand how risk management can assist organizations to achieve their objectives and optimize decision making
- Establish and monitor key risk indicators, as well as implement corrective action plans to mitigate risks
- Analyze transactions, internal reports and financial information for potential fraud risks
- Maintain reports of significant risks and recommendations
- Create policies, procedures and control assessments in response to identified risks
- Evaluate the effectiveness of the company’s internal control framework in addressing risks and accomplishing the company’s goals and objectives
- Provide training and technical support to management and employees regarding risk management strategies and programs
- Learn about the benefits of risk management and its relationship with governance, assurance, and sustainability
- Know the types of risk faced by the organization and the concepts of positive and negative risk
- The importance of ISO 31000: Risk management principles, framework and processes
- Gain an understanding of the importance of culture, communication, and behavior
Who Should Attend?
The Risk Management Professional course will greatly benefit:
- Project Managers
- Project Engineers
- Project Support Staff
- Business Development Staff
- PMO Employees
Course Outlines:
Introduction to Risk Management Concepts
- Introduction to Risk & Risk Management
- Key Definitions
- Risk Definition and Project Risk Management
- Critical Success Factors for Project Risk Management
- Overall and Individual Risk Roles and Responsibilities
- organizational Risk Attitudes
- organizational Structures
Project Definition and Plan
- Stakeholder Identification & Analysis
- Stakeholder Risk Tolerances and Risk Attitudes
- Defining the Project & Project Management Plan
- Scope Management
- Schedule Management
- Cost Management
- Quality Management
Monitoring and controlling risks
- Risk reassessment
- Risk audits
- Variance and trend analysis
- Earned value management
- Reserve analysis
Risk Management Planning
- Critical Success Factors
- Risk Identification
- Project Resource Risks
- Tools and Techniques
Qualitative & Quantitative Risk Analysis
- Qualitative Risk Analysis
- Tools & Techniques
- Quantitative Risk Analysis
- Semi-Quantitative Risk Analysis
- Tools & Techniques