ISO 31010: Risk management – Risk assessment techniques

Course Code: TQM 1845

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Course Sector:

Quality Management

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Introduction

Training course introducion / brief

Comprehensive and effective risk management processes are vital for effective project management. To remain competitive in the local and global business environment, industry professionals need to acquire and apply specialized risk management knowledge to achieve insightful and robust risk assessments.

This training program is designed to help professionals develop the skills and knowledge required in addressing complex and challenging risks and uncertainties that arise in organizations. Participants will boost their abilities to identify, assess and analyze different risks, using the ISO 31010 Techniques, to design and implement an effective risk response plan, and measure its performance to protect and lead the business continuity in the future.

Understand the Purpose & Benefits of Risk management.
Identify Different types of organizational risks.
Identify the Responsibilities in Risk Management.
Understand ISO 31000 instructions for risk management process.
Understand The Risk Management framework and process according to ISO 31000.
Master identifying risks by using the most advanced Tools & Techniques.
Understand ISO 31010 risk identification instructions.
Understand ISO 31010 Techniques and methodology for risk assessment.
Understand ISO 31010 Risk Treatment.
Understand Risk classification criteria.
Master monitoring risks.
Master applying Qualitative, Quantitative and Semi-Quantitative Risk Analysis Methods.
Understand Risk Response Strategy Guidelines.
Apply Response Strategies for Threats & Opportunities.
Understand the ISO Framework for risk Management.
Understand Risk Control Hierarchy and Action Plans.
Master Measuring Risk management performance.

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Introduction to Risk Management process:

Key Definitions.
Purpose & Benefits of Risk management.
Operational, financial, legal, reputational and other risks.
Difference between Risks and issues and various risks types.
Responsibilities in Risk Management.
Understanding regulatory requirements.
ISO 31000 and risk management process.
Benefits of ISO 31000.
ISO 31000 components.
The purpose of a risk management system.
The Risk Management framework and process according to ISO 31000
Case Studies.

Risk Identification Processes:

Project Context & Stakeholders.
Risk Identification Inputs.
Risk Identification Outputs.
Risk Identification Tools & Techniques.
ISO 31010 risk identification instructions.

Risk Assessment methodologies:

Understanding IEC/ISO 31010 Techniques and methodology for risk assessment.
ISO 31010 Risk Treatment.
Risk classification criteria.
Risk Prioritisation.
How to monitor risks?

Risks analysis:

Identify risks.
Risk analysis strategies.
Qualitative and Quantitative Risk Analysis Methods.
Semi-Quantitative Analysis.
Hazard Operability (HAZOP)
Failure Mode and Effect Analysis (FMEA)
Fault Tree Analysis (FTA)
Event Tree Analysis (ETA)
Job Safety Analysis.

Risk Response planning and Control:

Risk Response Strategy Guidelines.
Response Strategies for Threats & Opportunities.
Alternative Responses.
Response Validation.
Reserves - Contingency & Management.
Resource Management.
What is the ISO Framework for risk Management?
Risk Control Guidelines.
Risk Control Inputs and Outputs.
Risk Control Tools & Techniques.
Risk Reporting, Escalation & Documenting.
Proactive risk and cost reduction, rather than reactive.
Changing nature of risks overtime.
Risk Control Hierarchy and Action Plans.
Risk Management Registration Process.
Measuring Risk management performance.
Continuous Improvement.
Resilience and business continuity.
Workshop.

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.

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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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TRAINING COURSE: ISO 31010: Risk management – Risk assessment techniques