An Intensive 5-day Training Course
Operational Risk Management & Mitigation
From Assessment to Implementation
Course Introduction
This Operational Risk Management and Mitigation Training Course develops the understanding, skills, methods and behaviors required to proactively manage risk across your operations – helping ensure day-to-day operational continuity, as well as the long-term sustainability of your organisation. Based on a proven framework and introducing best practice techniques, this training Course presents a pragmatic approach to balancing risk and reward in today’s world of technological innovation and global competition. This training Course provides insight into Risk Governance as well as a systematic methodology to identify, quantify, and mitigate risks that threaten to disrupt or undermine your organisation.
This training Course provides a deep understanding of the human, process, systems, and organisational causes of risk and how to minimize them, including insight into the psychology of risk prevention and the need to combat external threats. The training Course will enable the delegates to examine their own operations and take steps to plan and manage risk within their workplace.
This Oxford Management Centre training course will highlight:
- The crucial role of Operational Risk Management in organisation sustainability
- A best practice Framework and systematic approach to Risk Management
- A six-step end-to-end approach to Operational Risk Management
- Risk Governance and oversight
- Fostering a culture of Risk Management
- Case study examples of the successes and failures associated with Risk Management
Objectives
At the end of this Operational Risk Management and Mitigation training Course, you will learn to:
- Appreciate the benefits of proactive Operational Risk Management
- Construct an effective Risk Management Plan
- Conduct Risk Identification and Risk Analysis
- Plan a response to risk and take action to mitigate it
- Implement an Operational Risk Management Framework within your organisation
- Document, report and manage Operational Risk
- Apply a systematic approach to Risk Management within your own operations
- Apply the Risk Management process within your own operations
Training Methodology
The key to this Oxford training Course is hands-on experience of applying Operational Risk Management techniques to case studies and to live examples within participants’ own operations. To create an energetic and enjoyable learning experience, a variety of team-based activities, games, videos and discussions are also used to enable participants to grasp the end-to-end process of identifying and mitigating risk.
Organisational Impact
The main benefit of this course is to help organisations anticipate and mitigate risk inherent in all operations. Other benefits include:
- Increased organisation sustainability
- Enhanced operational continuity and efficiency
- Enhanced management understanding of the dimensions of Risk Management
- Enhanced management ability to plan for and control Operational Risk
- Embedding of a systematic approach to Operational Risk Management
- Greater buy-in to proactive Operational Risk Management from key stakeholders
Personal Impact
Participants will increase their confidence and ability to manage the risk inherent in their operations. Other benefits include:
- Increased understanding of the components that make up a Risk Management Framework
- Enhanced ability to apply systematic Operational Risk Management techniques
- Enhanced ability to plan for, identify, analyse and control Operational Risk
- Greater ability to gain buy-in to Risk Management from key stakeholders
- Increase understanding of tools available to simplify Operational Risk Management
- Enhanced understanding of the application and advantages of Risk Governance
Who Should Attend?
This Oxford training Course is aimed at wide variety of operational professionals. Any manager with responsibility for running or supporting continuous and safe operations will find it beneficial.
This is suitable to a wide range of professionals but will greatly benefit:
- Senior Operations Managers
- Risk Management Professionals
- Operations Managers
- Senior Team Leaders
- Maintenance Managers, Engineers and Technicians
- Operations Planners
Course Outline
Day 1
The Foundations of Operational Risk Management
- What is Risk and Operational Risk Management?
- The Benefits of Operational Risk Management
- The Operational Risk Management Framework
- The 6-step Operational Risk Management Cycle
- Enterprise Risk Management
- Risk Identification Process
- Risk Management Principles and Standards
- Risk Assessment
Day 2
Risk Management Methods
- The challenges of Risk Management
- Operational Risk Management in the Corporate Structure
- Probability and Statistics for Operational Risk Management
- Risk Modelling
- Failure Modes and Effects
- Risk Measurement
- Risk Maturity Level and Risk Appetite
- Risk Response
Day 3
Risk Governance
- Risk Controls
- Key Risk Indicators (KRIs)
- Qualitative and Quantitative Risk Analysis
- Risk Actions
- Risk Reviews
- Risk Governance – Three Lines of Defense
- Risk Oversight, Documentation and Reporting
- Project Risk Management
Day 4
Implementing Operational Risk Management
- Overcoming the hurdles to Risk Management
- Risk Management Communication
- Setting a Risk Management Vision
- Stakeholder ownership of Risk Management
- Instilling a Risk Management Culture
- International attitudes to Risk
- Embedding Operational Risk Management
Day 5
Integrating Risk Management into Your Operations
- Web-based Risk Management Tools
- Integrating Risk Management into Your Operations
- Top Tips for Successful Operational Risk Management
- Review of Learning
- Personal Action Planning based on Lessons Learned from Course
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
In association with
