Courses

RISK MANAGEMENT AWARENESS BRIEFING
Presented by Dr David Hillson PMP, Director, Risk Doctor & Partners

Course Objectives

The one-day Risk Management Awareness Briefing has the following target audience:

Project staff who require an understanding of the purpose and value of risk management within the business, in order to implement effective risk management within their area of responsibility, and to support its use by others. No prior knowledge or experience of risk management is assumed or required.

The Awareness Briefing has three key objectives:

1. To create awareness of the purpose of risk management
2. To develop the ability to understand and use the outputs of the risk process
3. To result in improved decision-making under conditions of uncertainty

On completion of this briefing, attendees will:

• Understand the key principles of risk management, including definitions of risk and risk management
• Recognise common sources of uncertainty in their projects
• Be aware of the key stages of the risk process, and the main techniques involved
• Understand how to use risk-based information when making decisions
• Recognise the main benefits to the organisation of employing effective risk management processes
• Be committed to supporting and implementing risk management in their areas of responsibility

Course Content

1. Preamble
   Delegate introductions
   Course objectives
2. Principles
   Definitions of risk and risk management
   Common sources of uncertainty
   Relationship between business/project management/risk management
   
   EXERCISE 1: Objectives And Uncertainties
3. Process
   Aim of risk process
   Five-stages : define, identify, assess, plan, manage
   Key techniques for each stage
   Importance of cyclic reviews
   
   EXERCISE 2: Risk Strategies
4. Purpose
   Minimise uncertainty/ Maximise opportunity
   Meet project & business objectives
   Allow informed risk-taking
   Support decision-making
   
   EXERCISE 3: Tender Response Case Study
5. Practicalities
   Benefits of effective risk management
   Shortfalls of risk process
6. Delegate Discussion On Implementation And Application Issues
7. COURSE CONCLUSION