Advanced Risk Management Course
Advanced Risk Management course
Advanced Risk Management course is designed for professionals who are practising Risk Management. This course is equally important for people who are in Project risk management,Financial risk management, Operational risk management and Enterprise Risk Management.
This course covers the Risk identification, Qualitative risk analysis, Risk Response planning, Control Risks, Risk audits and Risk communication to higher management using Risk register.
1 – Risk Register Overview
2 – Risk Dashboard for Risk Communication
3 – Risk Identification on Risk Register
4 – Qualitative Risk Analysis in Risk Register
5 – Risk Matrix or Heat Map
6 – Risk Mitigation Actions
7 – Risk Audit
8 – Overall Risk Indicator
9 – Risk Occurrence Indicator
10 – Mitigation Actions Status Indicator
11 – Risk Response Effectiveness Indicator
After attending the course the participants will be able to:
1 – Learn how to develop and manage Risk register.
2 – capture Risk using Risk Meta-language.
3 – Qualitative Risk Analysis in a Risk register.
4 – Monitoring and Controlling Risk.
5 – Capturing Risk Audit results in the Risk register.
6 – Communicating Risk status to Higher management.
7 – Analysing Risk trends over the period of time.
|Risk Register Overview (ARM)||FREE||00:05:00|
|Overview of a Risk register. How to Identify Risk, Perform Qualitative Risk Analysis and Risk Mitigation Actions and Risk Audit etc,|
|Risk Dashboard for Risk Communication (ARM)||00:04:00|
|Overview of Risk Dashboard. The Brief overview of different components of the Dashboard for Risk Communication.|
|Risk Identification in Risk Register (ARM)||00:14:00|
|It is essential to cater Risk meta-language while capturing the Risk information. In this lesson, Risk identification on Risk register is covered thoroughly.|
|Risk Matrix or Heat Map (ARM)||00:05:00|
|Risk Matrix or Heat Matrix Elaboration. Using Risk matrix for Qualitative Risk Analysis.|
|Qualitative Risk Analysis on Risk Register (ARM)||00:05:00|
|Performing Qualitative Risk Analysis on Risk Register. Specify the probability and Impact. Risk Score is calculated on the basis of Probability and Impact rating.|
|Risk Mitigation Actions (ARM)||00:09:00|
|Specifying Risk Mitigation Actions. Specify Risk Mitigation Rating. Specify Target Dates on Risk Register.|
|Risk Audit (ARM)||00:06:00|
|Capture Risk Audit outcome on Risk Register. Analyse the quality of Risk Mangement process.|
|Risk Indicators for Risk Communication|
|Overall Risk Indicator (ARM)||00:06:00|
|Overall Risk Indicator shows the Overall Risk Rating of the project. It is calculated by weighted average of Project Risk, Internal Risk, and External Risk.|
|Risk Occurrence Indicator (ARM)||00:02:00|
|This indicator helps to notify that whether Risk Occurred or not. It contributes for lesson learned|
|Mitigation Actions Status Indicator (ARM)||00:02:00|
|Mitigation Action Status Indicator shows the status of the Mitigation Actions. On the basis of it, Indicator depicts the overall health of Risk Management.|
|Risk Response Effectiveness Indicator (ARM)||00:02:00|
|It depicts the effectiveness of the Risk Response Actions.|