Description
Is your organisation prepared for the unexpected? Even minor disruptions can have a significant impact. This course will equip you with the tools and strategies to identify and mitigate risks, turning them into opportunities for growth and stability.
Risk management is a vital consideration for every organisation as it helps identify and anticipate potential risks and threats, preventing or mitigating negative outcomes and enhancing decision-making. It boosts stakeholder confidence by demonstrating proactive risk handling and ensures compliance with relevant laws and regulations. Moreover, it safeguards an organization’s reputation, making it crucial for sustainability and success. In essence, risk management allows organizations to mitigate threats and seize opportunities, driving growth and stability.
What you will learn
La Touche Training’s intensive one day risk management course provides an introduction to risk management, demonstrating its importance to good corporate governance. Delegates will learn key risk management strategies, such as how to identify and anticipate risk, and once identified, how to allay or mitigate risk. They will be given an overview of key analysis techniques such as Failure Mode and Effect Analysis (FMEA), look at sample case studies and scenarios, and be given expert instruction and guidance by La Touche Training’s experienced trainers.
Key learning points:
- Importance of risk management
- Identifying risk
- Risk assessment techniques
- SWOT analysis and Fishbone diagrams
- Bowtie diagrams and barrier analysis
- Risk monitoring and review by identifying key performance indicators
- Failure mode and effects analysis (FMEA)
- Creating Risk Priority Numbers (RPN)
- Introduction to Root Cause Analysis (RCA)
- Scenario Analysis
- Monte Carlo Simulation
- Control Charts
- Hazard and Operability Study (HZOP)
- Case studies from various industries
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