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Course Code: TQM 1214
16 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
5 Days
Riyadh, KSA $4,250
02
5 Days
Abu Dhabi, UAE $4,250
03
5 Days
Online, Virtual $2,150
04
5 Days
Dubai, UAE $4,250
05
5 Days
Riyadh, KSA $4,250
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
By the end of this 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
.
Course Outline
The course aims and learning outcomes
Module 1: Introduction to Risk Management in Operations
- What is operational risk?
- Importance of risk management in operations
- Risk vs. uncertainty
- Regulatory and compliance landscape (ISO 31000, COSO, OSHA, etc.)
Module 2: Risk Identification
- Sources of operational risks (internal & external)
- Risk types: safety, process, supply chain, human factors, technology
- Methods for risk identification: brainstorming, checklists, historical data, inspections
Module 3: Risk Assessment Techniques
- Risk assessment process: likelihood and impact
- Qualitative vs. quantitative risk assessment
- Risk matrix and scoring systems
-
Introduction to key tools:
- FMEA (Failure Mode and Effects Analysis)
- HAZOP (Hazard and Operability Study)
- Bow-tie analysis
- Fault tree and event tree analysis
Module 4: Risk Mitigation and Control
- The hierarchy of controls: elimination to PPE
- Cost-benefit analysis in risk control decisions
- Implementing and managing control measures
- Risk transfer strategies (insurance, outsourcing, etc.)
- Key Risk Indicators (KRIs) and early warning systems
- Building risk dashboards and reports
- Incident and near-miss reporting systems
- Continuous improvement through lessons learned
Module 6: Integrating Risk into Operational Strategy
- Risk-informed decision-making
- Risk culture and leadership in operations
- Linking risk management to business continuity and resilience planning
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.
Since 2001, we have been pioneering the training field in the middle east, we managed to unlock potential and help individuals, teams and organisations to be the best that they can be with our full and integrated solutions.
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