The Mechanics of Risk Management

 

Developing Competence in identifying and planning risk strategies 

​Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

 

​This class teaches student how to identify risk, assess risk, and mitigate risk. This class is designed with interactive exercises that help ensure student success.     Earn 4 PDUs per workshop.

 

​Who Should Attend

​• Individual project managers, frontline leaders, project members, executives

 

​ Participants Learn To:

 

• Explain the evolution of risk management

• Explain risk identification and control

• Discuss risk classifications

• Discribe Risk Management

• The Probability-Impact Table

• Differentiate between traditional and contemporary risk management

• Risk Register

• Types of risks, such as economical risks, business risks, and risks unique to an organization

• Create and implement a strategic risk management plan