Risk Management

OBJECTIVES:

At the conclusion of this program, participants will be able to:

bulletdecide, plan, manage and cover risk
bulletuse various risk management tools
bulletexplain the dilemmas of risk evaluation
bulletevaluate risk in the organization

CONTENT:

 

I.    INTRODUCTION

  1. Objectives

II.    DEFINING RISK

  1. Risk Definitions
  2. Risk Management Process - Decide, Plan, Manage, Cover
  3. Activity 1

III.    RISK MANAGEMENT TOOLS

  1. Activity 2 and 2 A
  2. Tools in Detail - Intuition, Pros/Cons, Scenarios, Regret, Time, Benchmarks, Probability, Surveys, Statistics, Opportunity Cost
  3. Pros / Cons and Scenarios
  4. Activity 3
  5. Probability
  6. Activity 4
  7. Statistics
  8. Activity 5

IV. RISK IN ORGANIZATIONS
  1. Activity 6
  2. Internal Risks
  3. Components of Risk Taking Cultures

 

LENGTH: 1 day - with extensive practice

AUDIENCE: All those who have the responsibility to evaluate organizational options, assess risk and make decisions. Open to non-supervisory personnel

METHOD:  Classroom