Operational Risk Assessment
21 - 22 July, Duxton Hotel, Auckland | 14 - 15 June, Duxton Hotel, Wellington
About
After a very successful first running of this seminar in 2008 and repeat in 2009, Operational Risk Assessment is back again for 2010! This information-packed two-day programme provides you with the techniques and know-how to ensure the risks to your organisation’s operations are understood and accounted for.
The risk-based approaches and skills covered in the seminar are considered best practice for those who are responsible for achieving operational outcomes, making risk-based decisions and interpreting risk analysis outputs and reports. Also, this programme is valuable for those who would benefit from using risk-based arguments in dealings with staff, management or boards.
Learning outcomes
• Exposure to the general terms and principles of risk management
• Improved understanding of AS/NZS ISO 31000: 2009 Risk Management – Principles and guidelines, ISO 31010: 2009 Risk Management – Risk Assessment Techniques and HB 436 Risk Management Guidelines: companion to AS/NZS ISO 31000:2009.
• Explanation of quantitative and qualitative tools and techniques for risk assessment – and in what circumstances it is appropriate to use each of them
• How operational and strategic risk management interrelate
• Strategies for communicating risk information to get buy-in from senior management and the board
The course includes prepared information on two significant risks. If participants submit three of their own risks or risk concerns and areas of specific interest two weeks before the course, appropriate information and techniques will be included in the course and course workbook.
Outline
Day 1
Introductions and personal learning objectives
Why risk management?
• Principles and links with corporate governance
• Risk and organisational objectives
• Different risk management models
Risk – different meanings and definitions
• Implications for different stakeholders
• Uncertainty and chance
• Hazard and risk: the difference
• Naming of risks
Introduction to two risks for the workshop
• “Oil reaches US$500 bbl in five years resulting in …”
• “The inability to recruit or retain competent staff resulting in …”
• Three of your own risks
The importance of communication and consultation in risk management
• Exercise to identify stakeholders and establish a plan for communication and consultation with them
Context of organisations
• The business environment and why we need to understand it
• Exercise using common tools to identify context, risk sources and criteria
• Report-back and criticism of tools
Risk assessment – different meanings and definitions
• Risk identification exercise using three different tools
• Report-back and criticism of tools
• Risk analysis exercise using three different tools
• Report-back and criticism of tools
Day 2
Understanding decision-makers and their needs from a risk assessment
• Risk evaluation exercise using three different tools
• Report-back and criticism of tools
• Structuring and scaling a risk evaluation report for a risk
• Relationship between risk assessment, safety case and business case
Identification and selection of risk treatment options
• Identifying treatment options
• Selection of treatment options; links with organisational objectives; cost benefit analysis
• Links with project management
Monitoring and review of the risk management process
• Developing a risk management framework
• What it should include
• Audit of a risk management framework
Risk management framework
• Typical content
• Specific issues from selected industries and sectors
• Risk management indicators
Case studies
• The two risks used in the workshop
• Other case studies: banks, insurance companies, petrochemical companies, etc What can we learn from these case studies?
Conclusion
• Further guidance and publications. Standards and Handbooks published by Standards Australia and Standards New Zealand
• Feedback and learning experiences
Facilitator
Chris Peace, Managing Director, Risk Management Limited
Chris Peace is the managing director of Risk Management Limited, an independent risk management consultancy established in 2003 to help clients identify, analyse, assess and manage their major risks and to monitor the critical controls over those risks.
He worked for NGC Holdings Ltd as their risk manager (2000-2003) and had previously worked as a risk management consultant for Jardine Lloyd Thompson in New Zealand (1995-2000) and the UK (1990-1995), Marsh & McLennan in New Zealand (1985-1990) and CIGNA (NZ) Ltd (1982-1985).
Chris holds an MSc in Risk Management and qualifications in environmental health, air pollution control and occupational safety and health.
In-house Training
Prices and Registration
| Dates | Location | Standard price | Early bird price* | |
|---|---|---|---|---|
| 21 - 22 July | Duxton Hotel, Auckland | $1995 + GST | $1895 + GST (EB Date: 3 May) | Register |
| 14 - 15 June | Duxton Hotel, Wellington | $1995 + GST | $1895 + GST (EB Date: 3 May) | Register |
* Early bird price available when you register and pay before the dates listed.
