Methodology of Risk Assessment ( 5 DAYS COURSE )

Introduction

Risk Assessment concentrates on selecting appropriate risk control techniques, implementing the chosen techniques, and monitoring the results for effective control and coordination of the organization’s total risk management effort. It reviews various risk treatment alternatives, including risk transfer and the benefits of accepting risk when pursuing an opportunity. It also discusses in detail many types of risk and methodologies for managing such risks, including emerging risks and business risks traditionally faced by risk management professionals.

Learning Objectives

This course will aim to give a complete overview of Risk Assessment, and what to do in the case that a fire should break out in the industry.

At the end trainees will be able to:

• Improve their knowledge on Risk
• Understand risk assessment and risk management
• Be able to prepare and implement their risk assessment
• Be able to monitor and review the risk assessment
• Understand the principals risk management
• Have an introduction to the role of key person involve in risk management
• Have an understanding of the essentials of risk assessment and management
• Develop comprehensive risk registers in line with the Integrated Risk Management
• Use practical risk management practices to achieve better internal controls

Target Audience

This course is designed for the Risk Managers, Human Resource Managers, Purchasing Professionals, Safety and Loss Prevention Professionals, Environmental Managers, Insurance Claims Adjusters and Examiners, Insurance Buyers, Finance Professionals, Legal Professionals.Training Methodology

The programme will be theory interactive and practical. There will be work in groups and pairs as well as individual exercises and everyone will get an opportunity to discuss their issues with Hazards and Risk. Each day will end with time to produce an action plan for delegates continuing development.

Program Content

Day 1

• Introduction to risk assessment
• What is risk?
• Hazard and Risk
• Key elements of risk
• Risk assessment standards and guidelines
• Types of controls available

Day 2

• Risk management process
• Risk management components to be implemented
• Sample customized risk model
• Sample risk rating parameters
• Risk Assessment workshop (mock run)

Day 3

• Root cause analysis
• Introduction to risk management
• Operational, financial, and strategic risk
• Risk management framework and process
• Risk identification, analysis, and treatment
• Risk Assessment workshop (mock run)

Day 4

• Business continuity management
• Risk Assessment workshop (mock run)
• Physical property risk
• Intellectual property and reputation risk
• Legal and regulatory risk
• Monitoring and reporting on risk

Day 5

• • Management liability and human resource risk
  • Environmental risk
  • Crime and cyber risk
  • Risk assessment practical session