Managing Risks – A comprehensive overview
- 13 April 2017 - 14 April 2017
- 9:00 am to 5:00 pm
- QIBA Sydney 207 Church Street PARRAMATTA, NSW 2150
- +61 435 795 785
“Risk Management increases the likelihood of an organization performing as planned by identifying and managing barriers to meeting objectives in advance.” – ISO 31000
This comprehensive and practical two-day workshop introduces the participants to the concepts, principals, processes, and application of risk management in general working environment. The workshop follows commonly adopted Risk Management principles and practices. It explains the tools and techniques that will aid participants in the implementation of these practices. Participants will be given opportunities apply the tools and techniques learned in a simulated work environment. The goal is to minimize risks and maximize opportunities during all phases of a business or project’s life cycle.
This course is designed to be part of a series called “Safety First.”
Workshop Outcomes:
- Develop a detailed risk management plan to guide risk management activities;
- Develop a risk register that is complete and accurate;
- Qualify and quantify project risks; and,
- Prepare risk response strategies to control the risks and maximize the opportunities.
Who Should Attend:
- Trainer/Assessor
- RTO/Compliance Manager
- Head of Faculty/Department
- Area Manager.
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9:00 AM — 10:30 AMClassroom 4An introduction to risk and risk managementThis introductory session is geared towards helping participants seriously consider risk management and understand its many dimensions. In this session the following topics will be discussed: Understanding risk; Risk management approaches; Risk management definitions; Risk Management Process; Definition of risk and related topics; Personal approach to risk; Types of risks; Risk factors; and, Risks in a construction project environment.
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Founder & CEO
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10:45 AM — 12:30 PMClassroom 4Risk planningRisk management planning sets the tone for the rest of risk management activities. It address what, who, how and when for the rest of the processes. In this session the following topics will be discussed: Understanding the project environment and project objectives; How to plan for risk management processes; Risk Management Planning process; Components of Risk Management Plan; and, How to focus on project objective.
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Founder & CEO
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1:30 PM — 3:00 PMClassroom 4Risk identification processRisk identification is an interactive process and it should involve all key stakeholder. The objective is to compile a long list of opportunities and risks for the team to address later in the process. In this session the following topics will be discussed: What is risk identification?; Approaches to risk identification; Ten Steps to Risk Identification Process; Risk statement and developing a risk register; Types of risk and risk categories; Practical issues related to risk identification; and; Organizing and running a risk identification meeting.
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Managing Director - Tower Management Group
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1:30 PM — 5:00 PMClassroom 4Qualitative risk analysisIn this process the participant will subjectively evaluate all the risks. The goal is to focus on the most critical risks. In this session the following topics will be discussed: Introduction to qualitative risk analysis; Goal of Qualitative Risk Analysis; Tools for Qualitative Risk Analysis; Probability and impact analysis of identified risks; Producing risk matrix; Producing an updated risk register ;and, Calculating risk allowance and risk contingency amount.
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Managing Director - Tower Management Group
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9:00 AM — 10:30 AMClassroom 4Qualitative risk analysisIn this process, the participant will address the risk short list objectively. The course material will not get into much math or statistics. I will provide practical and simplified tools to address risk in this process. In this session the following topics will be discussed: Introduction to Quantitative Risk Analysis; Comparison between the qualitative and quantitative approaches; Steps for Quantitative Risk Analysis; Quantitative Risk analysis tools; and, Output from Quantitative Risk Analysis.
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Founder & CEO
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10:45 AM — 12:30 PMClassroom 4Strategies for Handling Risks/Risk Response PlanningIn this session, Participants will be given the opportunity to apply the tools and techniques learned. Definitions; Steps for developing risk response; Information/documentation required to prepare for risk response planning; Tools for generating risk response options; Strategies for risk response planning; Risk response options evaluation; and, Risk response planning deliverables.
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Founder & CEO
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Managing Director - Tower Management Group
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1:30 PM — 3:00 PMClassroom 8Managing Project Risks (Risk Monitoring and Control)In this session, Participants will be given the opportunity to apply the tools and techniques learned. Definition and Risk Management Cycle; RM&C activities; Risk documentations; Risk communications; Information required to start RM&C; RM&C tools; Deliverables; and , Practical issues in RM&C.
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Founder & CEO
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Managing Director - Tower Management Group
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3:30 PM — 5:00 PMClassroom 8Recap / Q&AThis session is dedicated to recap the important steps in a risk management plan and give participants the opportunity to share ideas and ask questions.
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Founder & CEO
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Managing Director - Tower Management Group
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