Every business activity contains some element of risk – not just big launches and critical decisions. Every project, process, and event have their own set of potential problems. To deal with risks effectively, you must first understand the risks, then control them as much as possible.
Risk Management teaches participants how to think about risk – what level of risk they’re willing to assume and how to identify, categorize, mitigate, and respond to specific risks. Risk-based decision making and planning ensures that the reward of an activity is worth the risk and helps measure and respond to issues quickly and calmly. Course participants learn to:
- Identify risks in projects, processes, and events
- Characterize risks based on probability and impact
- Minimize identified risks
- Be prepared for risks becoming reality
- Be sure a risk or risk event has been resolved
- Track and report risks
The course consists of instructor-introduced concepts and participant application of the method to an actual project on which they’re working.
The target audience for this course consists of managers, project managers, planning and implementation teams, and decision-makers. The value of this course to participants and to the organization is:
- Early and ongoing identification and evaluation of potential risks
- Preparation for risks materializing
- Contingency planning to deal with risks that materialize
- Ability to reduce or eliminate risks
