Risk Management

Only available as an in-house course

This four-day program provides a comprehensive introduction to the discipline of risk management. Participants will be shown how to identify and evaluate the risks to their organisation. Thereafter, they will be given the tools they need to establish the necessary risk controls and mitigation strategies. The program ends with detailed guidance on effective risk communication to one’s stakeholders.

Course Outline

Risk Identification

Understanding Risk

  • A brief history of risk
  • Risk theory and definitions
  • Understanding the many forms of risks

Risk Identification

  • Mapping the risk landscape
  • Identifying risk sources and motivations
  • Identifying key assets
  • Identifying vulnerabilities and threats
  • Generating risk intelligence

Risk Analysis

Analytic Tools for Risk Analysis

  • What if analysis
  • Fault trees
  • Attack trees
  • Decision trees
  • Impact analysis
  • Decision matrices

Risk Evaluation

  • Developing and maintaining a risk taxonomy
  • Analysing impact, probability, severity and urgency
  • Qualitative and quantitative risk analysis
  • Working with risk matrices
  • Developing risk indicators

Risk Management

Risk Management

  • Contemporary management theories
  • Models, frameworks and approaches
  • The risk management toolkit

Operationalising Risk Management

  • Risk prioritisation
  • Defining and implementing risk controls
  • Developing a risk management strategy
  • Developing and maintaining a risk register
  • Risk monitoring: methods and approaches
  • Risk reviews and audits

Risk Intelligent Organisation

  • Characteristics of a risk intelligent organisation
  • Building a risk-tolerant culture
  • Learning to take risks
  • The role of the risk officer

Risk Communication

Introducing Risk Communication

  • The many forms of risk communication
  • Communication models and approaches
  • Establishing and validating the risk communication process

Developing a Risk Communication Plan

  • Identifying stakeholders and their requirements
  • Structuring your message for effect
  • Selecting your communication channel
  • Communicating uncertainty
  • Managing the response
  • Best practices in risk reporting

Course Benefits

On completion of this course, participants will have acquired knowledge of:

  • Best practices in risk identification, analysis, management and control
  • The application of risk management models to identify internal and external challenges to an organisation’s assets
  • Frameworks for improving decision making and the management of uncertainty
  • Guidance on operationalising the techniques taught in the workplace

Course Requirements

Participants are required to bring a laptop with them and to set up a Gmail account if they do not already have one.