SCHEDULE
| Dates | Venue | Category |
| 7-11 May 2023 | Dubai – United Arab Emirates | Operations |
INTRODUCTION
This Operational Risk Management and Mitigation Training seminar develops the understanding, skills, methods and behaviors required to proactively manage risk across your operations – helping ensure day-to-day operational continuity, as well as the long-term sustainability of your organisation.
Based on a proven framework and introducing best practice techniques, this training seminar presents a pragmatic approach to balancing risk and reward in today’s world of technological innovation and global competition. This training seminar provides insight into Risk Governance as well as a systematic methodology to identify, quantify, and mitigate risks that threaten to disrupt or undermine your organisation.
This training seminar provides a deep understanding of the human, process, systems, and organisational causes of risk and how to minimize them, including insight into the psychology of risk prevention and the need to combat external threats. The training seminar will enable the delegates to examine their own operations and take steps to plan and manage risk within their workplace
BENEFITS OF ATTENDING
Upon the completion of this training, participants will be able to:
- Appreciate the benefits of proactive Operational Risk Management
- Construct an effective Risk Management Plan
- Conduct Risk Identification and Risk Analysis
- Plan a response to risk and take action to mitigate it
- Implement an Operational Risk Management Framework within your organisation
- Document, report and manage Operational Risk
- Apply a systematic approach to Risk Management within your own operations
WHO SHOULD ATTEND?
- Senior Operations Managers
- Risk Management Professionals
- Operations Managers
- Senior Team Leaders
- Maintenance Managers, Engineers and Technicians
- Operations Planners
COURSE OUTLINE
Session 1: The Foundations of Operational Risk Management
- What is Risk and Operational Risk Management?
- The Benefits of Operational Risk Management
- The Operational Risk Management Framework
- The 6-step Operational Risk Management Cycle
- Enterprise Risk Management
- Risk Identification Process
- Risk Management Principles and Standards
- Risk Assessment
Session 2: Risk Management Methods
- The Challenges of Risk Management
- Operational Risk Management in the Corporate Structure
- Probability and Statistics for Operational Risk Management
- Risk Modelling
- Failure Modes and Effects
- Risk Measurement
- Risk Maturity Level and Risk Appetite
- Risk Response
Session 3: Risk Governance
- Risk Controls
- Key Risk Indicators (KRIs)
- Qualitative and Quantitative Risk Analysis
- Risk Actions
- Risk Reviews
- Risk Governance – Three Lines of Defense
- Risk Oversight, Documentation and Reporting
- Project Risk Management
Session 4: Implementing Operational Risk Management
- Overcoming the Hurdles to Risk Management
- Risk Management Communication
- Setting a Risk Management Vision
- Stakeholder Ownership of Risk Management
- Instilling a Risk Management Culture
- International Attitudes to Risk
- Embedding Operational Risk Management
Session 5: Integrating Risk Management into your Operations
- Web-based Risk Management Tools
- Integrating Risk Management into Your Operations
- Top Tips for Successful Operational Risk Management
- Review of Learning
- Personal Action Planning based on Lessons Learned from Course