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Course Code: TQM 121403
8 Course Visits
Risk Management and Assessment for Operations
Course Sector:
Quality Management
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
3 Days
Riyadh, KSA $3,250
02
3 Days
Abu Dhabi, UAE $3,250
03
3 Days
Dubai, UAE $3,250
04
3 Days
Riyadh, KSA $3,250
Introduction
Training course introducion / brief
Effective risk management is critical for ensuring the continuity, safety, and profitability of operational processes across industries. This course equips participants with practical knowledge and tools to identify, assess, mitigate, and monitor risks within operational environments. Emphasizing both strategic and day-to-day risk approaches, it integrates global standards and real-world practices to help participants make informed, proactive decisions in managing uncertainty in operations.
Course Objectives
At the end of the training course, participants will be able to
- Understand the fundamentals of operational risk management (ORM).
- Identify potential risks across various operational functions.
- Conduct qualitative and quantitative risk assessments.
- Apply structured tools such as risk matrices, FMEA, HAZOP, and bow-tie analysis.
- Implement practical risk mitigation and control strategies.
- Integrate risk management into operational planning and decision-making.
- Develop risk response and monitoring frameworks.
- Align risk management practices with ISO 31000 and other relevant standards
Course Audience
Who is this course for, and can benefit the most
- Operations Managers
- Safety Officers
- Risk Analysts
- Compliance Officers
- Supply Chain Professionals
- Project Managers
- Quality Assurance Personnel
- Team Leaders and Supervisors
Course Outline
The course aims and learning outcomes
Day 01: Foundations of Operational Risk Management
Module 1: Introduction to Risk Management in Operations
- What is operational risk?
- Importance of risk management in operations
- Understanding risk vs. uncertainty
- Overview of key standards and frameworks:
- ISO 31000
- COSO ERM
- OSHA & industry-specific regulations
Module 2: Risk Identification
- Sources of operational risks: internal vs. external
- Types of operational risks:
- Safety, process, supply chain, human error, technology failure
- Risk identification methods:
- Brainstorming
- Use of checklists
- Historical data and incident analysis
- Hazard inspections
Day 02: Risk Assessment and Control Strategies
Module 3: Risk Assessment Techniques
- The risk assessment process:
- Likelihood vs. impact
- Qualitative vs. quantitative risk assessment
- Risk matrices and scoring systems
- Key tools for structured analysis:
- FMEA (Failure Mode and Effects Analysis)
- HAZOP (Hazard and Operability Study)
- Bow-tie analysis overview
Module 4: Risk Mitigation and Control
- Hierarchy of controls:
- Elimination → Substitution → Engineering Controls → Administrative Controls → PPE
- Cost-benefit analysis for control selection
- Implementing effective control measures
- Risk transfer strategies:
- Insurance
- Outsourcing
- Contracts and SLAs
Day 03: Monitoring, Reporting, and Strategic Integration
Module 5: Risk Monitoring and Reporting
- Key Risk Indicators (KRIs) and early warning systems
- Building simple risk dashboards and reports
- Incident and near-miss reporting systems
- Continuous improvement through lessons learned and root cause analysis
Module 6: Integrating Risk into Operational Strategy
- Embedding risk management into decision-making
- Developing a risk-aware culture
- Role of leadership in promoting safety and compliance
- Linking risk management with:
- Business continuity planning
- Operational resilience
- Performance metrics and KPIs
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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