Overview

'It is the responsibility of the manager to not only proactively identify risk, but to also effectively communicate it to the board in such a way that convinces them to take good risk management decisions.'

The Times 'Raconteur' - Business Risk Strategies


As organisations become increasingly project focused, the need to identify, assess, manage and control risk becomes central to the success of the business. Project, programme and business managers need to use best-practice techniques for managing risk and also implement practical strategies for dealing with issues as they emerge. Using a mixture of presentation, discussion and hands-on exercises, this workshop addresses these topics in a highly engaging, concise and pragmatic manner.

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Prerequisites

No formal prerequisites are required for this workshop although it is assumed that delegates will have had prior exposure to project, business and/or operational management.

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Learning Outcomes

  • Understand the organisational influences that influence the management of risk
  • List the typical steps in a project risk management process
  • Explain each stage of the risk management process
  • Identify the hard and soft benefits relating to project risk management
  • Understand the difference between risk and issue management
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Course Outline

This highly interactive workshop uses a short case-study to enable delegates to gain confidence in the use of proven techniques in the areas listed below. The course will explain each stage of a formal risk management process before concluding with a discussion on the similarities and differences between risk and issue management. We provide a firm foundation for further development of risk management skills through self-reading, more advanced training and practical hands-on experience.

Risk Management Overview

  • Delegates are introduced to the world of risk and why effective management of this area is of increasing importance in these highly volatile times. We identify many of the internal and external factors that will influence the organisation's attitude in relation to the risk it is prepared to accept and how this risk will then be managed. This section finishes with a discussion of what 'risk' actually means before we identify the importance of having a documented risk management process and/or plan.

Risk Identification

  • Delegates will evaluate the strengths and weaknesses of a number of tools that might be used to identify risks across different organisations and industry sectors.

Risk Assessment

  • We investigate the qualitative and quantitative assessment of risk and discuss the appropriate use of these techniques within each delegate's organisation.

Risk Response Planning

  • A number of techniques are introduced that may be applicable for responding to risks, whether they are threats or opportunities. We also discuss the criteria that might be used to determine the likely effectiveness of any planned response.

Risk Implementation

  • The risk management process concludes with the actions that can be undertaken to ensure that the agreed risk response produces the desired result. Delegates are then asked to list the benefits of adopting a formal risk management approach as well as identifying the challenges of doing so.

Issue Management

  • The final topic of the day will discuss the similarities and differences between risk and issue management before listing the typical steps within a formal issue management process.
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Why choose QA

Frequently asked questions

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There are a number of ways to create an account. If you are a self-funder, simply select the "Create account" option on the login page.

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Find more answers to frequently asked questions in our FAQs: Bookings & Cancellations page.

How do QA’s virtual classroom courses work?

Our virtual classroom courses allow you to access award-winning classroom training, without leaving your home or office. Our learning professionals are specially trained on how to interact with remote attendees and our remote labs ensure all participants can take part in hands-on exercises wherever they are.

We use the WebEx video conferencing platform by Cisco. Before you book, check that you meet the WebEx system requirements and run a test meeting (more details in the link below) to ensure the software is compatible with your firewall settings. If it doesn’t work, try adjusting your settings or contact your IT department about permitting the website.

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How do QA’s online courses work?

QA online courses, also commonly known as distance learning courses or elearning courses, take the form of interactive software designed for individual learning, but you will also have access to full support from our subject-matter experts for the duration of your course. When you book a QA online learning course you will receive immediate access to it through our e-learning platform and you can start to learn straight away, from any compatible device. Access to the online learning platform is valid for one year from the booking date.

All courses are built around case studies and presented in an engaging format, which includes storytelling elements, video, audio and humour. Every case study is supported by sample documents and a collection of Knowledge Nuggets that provide more in-depth detail on the wider processes.

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When will I receive my joining instructions?

Joining instructions for QA courses are sent two weeks prior to the course start date, or immediately if the booking is confirmed within this timeframe. For course bookings made via QA but delivered by a third-party supplier, joining instructions are sent to attendees prior to the training course, but timescales vary depending on each supplier’s terms. Read more FAQs.

When will I receive my certificate?

Certificates of Achievement are issued at the end the course, either as a hard copy or via email. Read more here.

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