MANAGING RISKS, THE SYSTEMATIC WAY

A 2-day Corporate EnterTRAINment on Risk Management

RISK MANAGEMENT TRAINING IN THE PHILIPPINES

ENTERTRAINMENT OVERVIEW:

Risk management is the process that allows individual risk events and overall risks to be understood and managed proactively, optimizing success by minimizing threats and maximizing opportunities.

It involves the systematic application of management policies, procedures, and practices to the tasks of analyzing, evaluating, controlling, and monitoring risks.

Risk Management revolves around the identification of hazards (potential sources of harm) and hazardous situations (circumstances in which people, property, or the environment is exposed to one or more hazards).

Once identified, the severity of potential harms resulting from hazards and hazardous situations is estimated. The probability of occurrence of these harms is also estimated. Risk is the resulting estimate of the severity of harm and the probability of its occurrence.

ENTERTRAINMENT GOAL:

The overall goal of this Risk Management Training in the Philippines is to enhance participants’ understanding and application of risk management principles and methodologies through a 2-day Corporate EnterTRAINment.

ENTERTRAINMENT OBJECTIVES:

By the end of this Risk Management Training in the Philippines, the participants should be able to:

• Learn the risk management framework and process
• Recognize the importance of planning and implementing identified risk management actions in meeting team/unit and individual goals.
• Obtain an aligned definition on when to identify and define an event a “risk”.
• Recognize the need on when to control, eliminate, accept, and review a risk.

ENTERTRAINMENT OUTLINE:

DAY ONE (1)

MODULE #1: INTRODUCTION TO RISK MANAGEMENT

• Hazard and Risk
• Risk and Likelihood
• What is Risk Management?
• Important Terminologies
• Global Risk Management Standards
• Main Categories of Risk
  • Strategic
  • Compliance
  • Financial
  • Operational
• The Risk Management Process
• Benefits and Limitations

MODULE #2: RISK MANAGEMENT APPROACHES

• Risk Management Approaches
  • Avoidance
  • Control
  • Acceptance
  • Share
  • Transfer
• Loss Prevention and Reduction
• Risk Review
• Keys to Risk Management Success

MODULE #3: DEVELOPING A RISK MANAGEMENT PLAN

• The PDCA Approach
• Risk Management and Problem-Solving Tools
  • Root Cause Analysis (Brainstorming, Fishbone, Pareto)
  • SWOT
  • Risk Register Assessment
  • Probability and Impact Matrix Risk
• Data Quality Assessment
• Expected Monetary Value Analysis
• Establish the Goal using SMART (Specific-Measurable-Attainable-Relevant-Time bound)
• Risk review
  • The When

DAY TWO (2)

MODULE #4: RISK ASSESSMENT INITIATION

• Getting Started with Assessing Risks
• Forming the Assessment Team
• Examples of Risk Assessment
• Moving Beyond Initiation

MODULE #5: RISK ASSESSMENT PROCESS

• Introduction to the Risk Assessment Process
• Establishing the Context
  • Define the Spectrum of Risks
• What are the Next Steps?
  • Risk Identification
    • What Is Risk Identification?
    • The Basic Risk Identification Formula
    • Brainstorming and other Problem-Solving Tools
  • Risk Analysis
    • The Purpose of Risk Analysis
    • How to Rate Risks
    • Determining the Risk Probability
    • The Risk Assessment Matrix
  • Risk Control
    • Reduce Risks Through Risk Control
    • Selecting the Best Risk Control Technique
    • Wrapping Up Risk Control

MODULE #6: RISK MONITORING, REVIEW, AND APPROVAL

• Reviewing the Process
• Closing the Loop
  • The Continual Process

PUT INTO ACTION – Application of Learnings

• Project presentation

ENTERTRAINMENT METHODOLOGIES:

To achieve the learning outcomes, this program design shall utilize the following learning strategies:

• Interactive Discussions
• Audio-Visual Presentation
• Group Dynamics
• Topic-related/Objectives-Aligned Activities
• Icebreakers and Energizers

Check out our other Production and Operational Excellence-related training programs below:

Production and Operational Excellence Training in the Philippines

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