About
Whether you are an experienced risk professional or new to the area of risk management, this two day course is a fantastic opportunity to assess your organisation’s operational risk and your own risk management knowledge.
Covering everything from the general risk principals through to implementing your own operational risk management framework, make sure you don’t miss the chance to learn, review and revitalise key operational risk tools, techniques and strategies for your organisation.
Who should attend?
• Risk Managers
• Operational Risk Managers
• Managers, Risk Management
• Risk Analysts
• Corporate Risk Managers
• Risk and Assurance Managers
• Business Managers
• Internal Auditors
• Risk Officers
• Project Managers
• Strategic Planners
The risk based approaches and skills covered by the seminar are considered best practice for:
• Those responsible for achieving operational outcomes in an environment of uncertainty
• Those charged with making risk based decisions
• Those who need to interpret risk analysis outputs and reports
• Those who would benefit from using risk based arguments in dealings with staff, management or Boards
Key Learning Outcomes
• Exposure to the general terms and principles of risk management
• Improved understanding of the AS/NZS ISO 31000:2009 Risk management – Principles and guidelines and how to use them
• Explanation of quantitative and qualitative tools and techniques for risk assessment – and in what circumstances is it appropriate to use each of them
• How operational and strategic risk management inter-relate
• Strategies for communicating risk information to get buy-in from Senior Management and the Board
Training Methodology:
This intensive two-day training programme will combine tutorial sessions with practical examples. All participants will be provided with a details workbook and certificate of completion.
Outline
DAY ONE
Understanding the principles of risk management - Overview of terminology and process
• Risk and opportunity
• Identifying the context
• Developing risk criteria
• Undertaking risk identification, risk analysis, and risk evaluation
• Identifying critical controls and proposing appropriate risk treatments
• The importance of risk communication, monitoring and review
Characterising the problem
• Framing the assessment and analysing your operating environment to identify sources of risk
• Articulating the appetite for risk (acceptable and unacceptable outcomes)
• Identifying events that can lead to unacceptable outcomes
• Defining and structuring a coherent risk log
Qualitative risk assessment methods – what are they and when to use them?
• Qualitative risk matrices and risk registers
• Integrating multiple dimensions of risk
• An introduction to the risk assessment workshop
Role of the risk workshop
• Being clear about the purpose and role of the facilitator
• Design of a workshop to achieve specific outcomes
• Facilitation techniques –managing a group process is not always easy!
• Group Exercise: practicing workshop facilitation skills.
DAY TWO
Quantitative risk assessment methods – what are they and when to use them?
• Finding the right metrics to quantify consequences
• Probability and Statistics 101: getting the basics right
• Hazard contour maps, HAZOP and FMEA techniques
• Fault tree and event tree analysis
• Monte Carlo analysis (e.g. project scheduling, costs, risk modelling)
• Data availability and relevance issues
Moving from analysis to understanding
• Acknowledging and working with uncertainty
• Dealing with interdependencies and interactions between risks
• Identifying leverage points for more effective risk management
• What is important? Strategies for presenting complex information in ways that are simple and effective.
Achieving traction to proactively manage risk
• Identifying and implementing risk treatment options
• Risk acceptability and perception –why they won’t always believe the risk assessment
• Risk communication – the pitfalls and challenges around communicating about risks and best practice principles for overcoming them
• Monitoring trends and emerging risks over time
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.
