Risk Management

SCHEDULE

February 4 to February 6 Dubai, United Arab Emirates Register
April 1 to April 3 Abu Dhabi, United Arab Emirates Register
June 3 to June 5 Dubai, United Arab Emirates Register
June 3 to June 5 Dubai, United Arab Emirates Register
October 2 to October 4 Dubai, United Arab Emirates Register
December 4 to December 6 Abu Dhabi, United Arab Emirates Register

COURSE AIMS

A risk exists when there is exposure to a hazard.

Risk in business exists in every task, in every operational unit. Successful risk management involves creative and proactive thinking, and is a critical part of business success through the achievement of goals and objectives. Risk management is the process of identifying, assessing, and prioritising risks of different kinds. Once the risks are identified, the risk manager can create a plan to minimise or eliminate the impact of negative events.

This workshop will train participants how to proactively identify hazards and risk and plan effectively to manage the risk. They will learn new tools and techniques and will enhance their knowledge and understanding of risk.

WHAT WILL YOU GAIN FROM THIS COURSE?

  • Assess skills in analysing the work environment
  • Define skills in identifying potential risk
  • Develop proactive thinking
  • Discover skills in trouble shooting
  • Address knowledge and understanding of the management principles related to risk management
  • Explore tools and techniques used for risk management
  • Skills in applying the new tools and techniques
  • Understanding of how to measure risk
  • Understanding of risk response methods
  • Knowledge and understanding of when to use the different risk response methods

SAMPLE COURSE CONTENT

Below is an example of the course content. The content can be tailored to meet the exact requirements of the client.

Analysing the Work Environment to Identify Risk
  • SWOT – strengths/ weaknesses/ opportunities/ threats
  • PEST – political/ economic/ social/ technological
  • HSE – health/ safety/ environment
  • Danger zones
  • Internal and external risks
  • Identify the risk
  • Categorise the risk
  • Prioritise the risk
Proactive vs Reactive Thinking
  • Trouble shooting
  • Opportunity costs
Risk Management Principles
  • Researching information
  • Objectivity
  • Transparency
  • Creating value – value engineering
  • Decision making
The Risk Management Process
  • Identify, categorise, and prioritise the risk
  • Estimate the risk – probability and impact rating
  • Map the process – scope/ stakeholders
  • Define the framework and plan/ agenda
  • Analysis – set categories and measurement systems
  • Solution – options/ alternatives
  • Implementation of the solution
  • Review of the process
Measuring Risk
  • Probability of the risk occurring – 0.1-0.9
  • Impact rating – high to low
  • Using the Risk Assessment matrix
Risk Response
  • Risk avoidance – change the project to eliminate the risk
  • Risk transference – shift the negative aspect to a third party
  • Risk mitigation – reduce the probability/ impact
  • Risk acceptance – do nothing and accept the possibility of the risk

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Abu Dhabi

P.O. Box 44705, Abu Dhabi,
United Arab Emirates
Phone: +971 2 6740340
Fax: +971 2 6743554

Dubai

P.O. Box 334058, Dubai,
United Arab Emirates
Phone: +971 4 2566414
Fax: +971 4 2566424