Principles of Managing Risk:

'Anticipating and Being Prepared'

In practice, Risk Management can be very difficult as the balance between probability and potential impact is sought. In addition the ‘Hard Risks’ e.g. mechanical, deliveries, insufficient resource etc. is quite different to intangible risks, like ‘knowledge’ or ‘experience’ or process engagement risk where ineffective procedures are applied.  

Clear and precise planning is required to ensure that as many eventualities as possible are covered and prepared for.

An in depth approach towards risk planning and management is offered where participants are guided through the phases of live projects to Identify, Analyse, Prioritize, Assess Potential Impact and develop Preventive and Mitigation strategies.

Practical tools and techniques are learnt for immediate use back in the project environment.

Learning Outcomes:

• Definition and types of risk categories

• Planning for risk

• Methodologies for identifying risk

• Qualitative and quantitative approaches for risk analysis

• Risk prioritisation

• Risk response strategies

• Communication techniques

• Monitoring and evaluation