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Course Overview Management of risk is critical to organisational success. Informed risk-taking helps to improve performance through innovative approaches for managing the business, service delivery and value for money. Following the Turnbull report organisations are now busy working on risk management frameworks and internal control statements to embed risk management in their management processes. This course is based OGC's best-practice guide "Management of Risk: Guidance for Practitioners". This guide is intended to help organisations to put in place effective frameworks for taking informed decisions about risk. It sets out a framework for taking informed decisions about risk at a strategic, programme, project and operational level to ensure that key risks are identified, assessed and that action is taken to address them. Audience Anyone with responsibility for the implementation and operation of the management of risk as detailed in the Turnbull report. Skills Gained This course will enable delegates to: - Understand the key principles underpinning the effective management of risk.
- Apply the main components of the risk management process.
- Appreciate how to manage risks at the Strategic, Programme, Project and Operational level.
- Utilise a range of techniques that can be used to support the management of risk process.
Prerequisites Whist there are no formal prerequisites delegates should have had exposure to a risk management environment as a Senior Manager, Project / Programme Manager or Operations Manager Examinations The course has been designed to prepare delegates for and comply with the requirements in the syllabus for the Foundation and Practitioner Certificate Examinations in Management of Risk, published by the OGC and the Association for Project Management Group Ltd (APM Group Ltd). Course Outline The course covers the 8 Syllabus Areas as follows: - Overview of Corporate Governance and management of risk.
- The management of risk process life cycle.
- Making it Work and Getting it Right.
- Frameworks, Tools and Techniques.
- Budgets, Finance and Management of Risk.
- Communicating and Training for Risk, Risk Awareness and Management of Risk.
- Management, Measurement, Control and Reporting.
- Support function for the management of risk within a Programme and/or Project.
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