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Course summary
Corporate Training for Teams
Next available date: Online delivery option may be available - Please contact provider. - Online courses
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Online courses
Online delivery option may be available - Please contact provider. 

Course description

Risk Management

Risk management has long been a key part of project management and it has also become an increasingly important part of organizational best practices. Corporations have realized that effective risk management can not only reduce the negative impact of crises; it can provide real benefits and cost savings. The risk management framework provided in this workshop is flexible enough for any organization. You can apply it to a single project, a department, or use it as a basis for an enterprise-wide risk management program.

What Will Students Learn?

  • Define risk and risk management
  • Describe the COSO ERM cube and ISO 31000
  • Establish a risk management context
  • Describe the 7 R’s and 4 T’s that form the framework of risk management activities
  • Design and complete a basic risk assessment
  • Determine the appropriate response to risks and create a plan for those responses
  • Describe the key components of reporting, monitoring, and evaluation of a risk management program

What Topics are Covered?

  • Understanding risk
  • Risk management activities
  • Assessing risk
  • Responding to risks
  • Resourcing controls
  • Reaction planning
  • Reporting and monitoring
  • Reviewing and evaluating the framework 

We currently offer different delivery methods, eLearning, distance learning and instructor led onsite courses for up to 15 participants.

All courses are also available online. Contact us for more information.

Suitability - Who should attend?

Learners This course is suitable for anyone within an organisation who wants or needs to understand the principles of risk management in their work, or who has a responsibility for risk management and assurance within their organisation as part of their role. This includes: Individuals responsible for business continuity or contingency planning. Project and programme managers Governance leads All levels of management Members of the Board, committee and executive members People working in organisational development No qualifications or experience is required to take this course, it is structured to help individuals learn at their own pace. This course is available on site or as an open course at various UK locations or internationally on request.

Training Course Content

This one-day workshop will help you teach participants how to:

  • Define risk and risk management
  • Describe the COSO ERM cube and ISO 31000
  • Establish a risk management context
  • Describe the 7 R’s and 4 T’s that form the framework of risk management activities
  • Design and complete a basic risk assessment
  • Determine the appropriate response to risks and create a plan for those responses
  • Describe the key components of reporting, monitoring, and evaluation of a risk management program

Course Overview

You will spend the first part of the day getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives. Understanding Risk In this session, you will discuss the definitions of risk and risk management, types of risks, and the key components of establishing your risk management context. To wrap up the session, you will review two key risk management models: the COSO ERM cube and the ISO 31000 risk management standard. Risk Management Activities This session will provide the framework for the remainder of the day: the seven R’s and four T’s of risk management. Assessing Risk Next, participants will learn how to design a basic risk assessment process. They will also start working on a case study that will be used throughout the day. Responding to Risks In this session, participants will learn about the four T’s of responding to risks: Tolerate, Treat, Transfer, and Terminate. Resourcing Controls Next, participants will explore controls that can be put into place to mitigate risks. Reaction Planning This session will give participants a checklist of items to include in their contingency plan. Reporting and Monitoring In this session, participants will discuss reporting hierarchies and requirements. Reviewing and Evaluating the Framework The final session will give participants a checklist for reviewing their risk management program.

Workshop Wrap-Up At the end of the course, students will have an opportunity to ask questions and fill out an action plan.

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Expenses

Courses start from £1,950 for up to 12 participants

About provider

CPD Provider

Churchill Square Training & Development is a leading UK based global training and development provider. With over 185 different courses available, we offer a wide variety of training options available to suit your organisation or individual training needs. All of...


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Contact info

Churchill Square Training & Development

118 Pall Mall
SW1Y 8EA London

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www.churchillsquareconsulting.com


Reviews

Average rating 5

Based on 1 reviews

Heather A
(5)
I undertook this course in Risk Management to improve any future assessments of Risk Management reports and evaluations of Risk Management frameworks. The course takes a complicated subject and presents it in a way that’s light, entertaining and easy to learn. I would have liked to have seen more of a variety in the case studies but, overall pro...
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