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Introduction to Risk Management

 

Course Duration: Sixteen (16) hours delivered over two (2) day

 

Course Cost:$30,000.00 per person +GCT

This two-day introductory seminar provides an overview of risk management and its practical application. It will introduce participants to principles and guidelines of risk management as outlined in ISO 31000. Risk Analysis tools such as Failure Mode and Effects Analysis will provide participants with a qualitative and quantitative methodology for the application and integration of risk management concepts in their organization strategic operational processes.

 

Course Objectives:

  • Understand the applicability of the principles of Risk management

 

  • Understand the risk management process from a qualitative and quantitative perspective

 

  • Understand how to use risk analysis tools to determine and prioritize the organization’s objectives

 

Who should attend?

 

  • Quality Assurance Professionals

 

  • Senior Management involved in the Strategic Planning process

 

  • Project Managers/ Operations Managers

 

  • Anyone desiring introduction to the concept and applicability of risk management.

 

The training process:

 

    1. Lectures — you listen and learn about the topic and the concepts associated with this area of quality management.

 

    2. Questions — you ask them; looking forward to questions whether posed at the trainer or at each other of the trainer and of each other. There is no such thing as a dumb question!

 

    3. Workshops — you participate in the process by applying the lessons taught and practice the skills learned.

 

Training course timing:

 

  • Registration begins at 8:30 a.m. and training starts promptly at 9 a.m. each day

 

  • Morning coffee break about 10:30 a.m. and Lunch at 12:30 p.m.

 

  • End of course at 4:00 p.m.

 

Course Outline:               

Period

Activity

Methodology

                           Day 1

9:00-9:30 a.m.

 

Introduction

Involvement of participants

9:30-10:30

A brief explanation of the terms relating to risk, risk identification, risk analysis, risk management, risk assessment and risk treatment

Presentation

10:30-10:45 a.m.

Coffee Break

10:45 11:30a.m.

Brief explanation of the principles of risk management as per ISO 31000

Presentation/Review of Standard

11:30a.m.  – 12:30 p.m.

Understanding the risk management framework

  • Internal and External Context
  • Consultation and Communication

Presentation /Exercise/Discussion

12:30 -1:30 p.m.

Lunch

1:30 -3:00 p.m.

Understanding the risk management framework

Presentation

 

3:00 – 4:00 p.m.

 

Application of the Risk Management Process  - Identification Analysis Evaluation and Treatment

  • Introduction to Risk Tools - Failure Mode and Effects Analysis and PESTER Analysis

Presentation /Exercise/Discussion

                       Day 2

9:00 a.m. -10:30 a.m.

Application of the Risk Management Process - Identification Analysis Evaluation and Treatment

  • Introduction to Risk Tools - Risk Probability Framework

Case Study/ Presentation/Group Exercises

10:30 – 10:45 a.m.

                                                  Coffee Break

10:45 a.m. -12:30p.m.

Application of the Risk Management Process - Identification Analysis Evaluation and Treatment

  • Introduction to Risk Tools - Risk Based Inspection

Case Study/ Presentation/Group Exercises

12:30 -1:30 p.m.

                                                          Lunch

 

1:30 p.m.-3:30 p.m.

 

 

Understanding integration of risk management in setting organizational objectives

  • Prioritization of risks
  • Monitoring and risk review
  • Internal controls

Case Study/ Presentation/Group Exercises

 

N.B. Full attendance of all participants is required. A certificate of achievement will be issued within 30 days of training activity.

 

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Bureau of Standards Jamaica
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Tel: (876) 618-1534, (876) 632-4275

Email: info@bsj.org.jm