Risk Management

Managers, supervisors, team leaders in particular or any staff who are required to make strategic, project or operational decisions where risks or hazards exist that could affect the progress or outcomes in a negative way.

Understand the definitions of risk as they apply to a business context
Design policy and procedures for every context
Comprehend and apply the global risk management standard ISO 31000
Be able identify risks in different contexts
Assess those risks in a two factor scale
Rate the risks and identify the options available to mitigate that risk
Prepare risk management reports as proposals

THEORETICAL KNOWLEDGE SUPPORTING RISK MANAGEMENT
• Defining hazards and risk and their scope
• Overview of ISO 31000 standards
• Relevant laws and regulations

DEVELOPING GUIDING POLICY AND STRUCTURE
• Examining policy and procedural requirements
• Audit and review of company policies
• Assessing gaps and developing response
• Developing policy and procedures

CONSULTING WITH INTERNAL AND EXTERNAL STAKEHOLDERS ON RISK MANAGEMENT PROCEDURES
• Communication planning
• Establishing stakeholder context
• The consultative process

HOW TO CONDUCT RISK IDENTIFICATION PROCESSES
• Training and development needs
• Planning for surveys and documenting risk/hazard
• Collating responses for analyses.
• Negotiating and establishing priorities of risk with stakeholders

ANALYSING RISK
• Developing a safety committee
• Using the risk matrix to determine risk level
• Establish risk impact and probability definitions
• Preparing management reporting

UNDERSTANDING THE TREATMENT OPTIONS
• Defining the risk context
• Applying priorities to risk and hazard
• Applying the various options (transfer, reduce, remove eg)
• Producing reports that clarify and evaluate risk and hazard information

NEGOTIATING SOLUTIONS WITH STAKEHOLDERS
• Presenting and communicating the report contents
• Understanding stakeholders needs
• Dealing with conflict
• Justifying treatment choice

BENCHMARKING RISK EXPOSURE LEVELS WITH INDUSTRY AND STATUTORY OBLIGATIONS
• Determining current standards of performance and compliance
• Sources of support and information
• Understanding legal obligations

UNDERTAKING FINANCIAL ANALYSES OF A RISK MANAGEMENT PROGRAMME
• Cost benefit analyses and budgeting
• Assessing and managing significant risk through financials

APPLYING RISK TREATMENT STRATEGIES
• Identifying strategies
• Assessing treatment strategies and their relevance or risk

IDENTIFYING AND INVESTIGATING RISK AS IT RELATES TO NEW AND EXISTING BUSINESS OPPORTUNITIES
• Identifying business opportunities
• Scanning environments for exposure to risk
• Analysing opportunities for risk

DESIGNING AND INTRODUCING LOW RISK IMPROVEMENTS TO WORK DESIGN AND ORGANIZATION PRACTICES
• Organisational audits of work design
• Conducting successful risk analyses in established structures

REVIEWING PROCESSES TO IMPROVE ORGANISATIONAL PERFORMANCE
• Monitoring the effectiveness of total risk programmes