The course includes both theoretical understanding and hands-on applications to ensure participants are equipped to manage risks proactively.

By the end of this course, participants will be able to:

• Understand the principles of risk management and risk assessment
• Identify different types of risks in the workplace and beyond (financial, operational, safety, etc.)
• Use risk assessment methodologies and tools to evaluate risks
• Develop strategies to mitigate or manage identified risks
• Communicate risks effectively to stakeholders and senior management

This course is ideal for:

• Health, safety, and environmental professionals
• Risk managers and analysts
• Project managers and team leads
• Engineers and operations managers
• Consultants involved in risk management
• Business owners and executives

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

Day 1: Introduction to Risk Management and Risk Assessment

• Defining risk and risk management
• The risk management process (identification, assessment, mitigation, monitoring)
• Types of risks: strategic, operational, financial, safety, environmental, etc.
• Risk tolerance and risk appetite
• The role of risk assessment in decision-making and business operations

Day 2: Risk Identification Techniques

• Identifying internal and external risk factors
• Risk identification methods: brainstorming, checklists, flowcharts, interviews
• Tools for identifying risks: SWOT analysis, PESTLE analysis
• Group exercises: Conducting a risk identification session
• Mapping risks to organizational processes and projects

Day 3: Risk Assessment Methodologies

• Qualitative vs. quantitative risk assessment
• Risk matrix (likelihood vs. impact)
• Failure Modes and Effects Analysis (FMEA)
• Hazard and operability studies (HAZOP)
• Bowtie analysis for risk visualization
• Case study: Applying risk assessment methods to a real-life scenario

Day 4: Risk Evaluation and Prioritization

• Evaluating risk severity and probability
• Determining risk exposure and potential impact
• Risk prioritization techniques: risk scoring, risk ranking
• Managing risk through mitigation strategies (avoidance, reduction, transfer, acceptance)
• Decision-making frameworks for addressing high-priority risks

Day 5: Risk Mitigation, Reporting, and Continuous Improvement

• Developing risk mitigation plans and controls
• Monitoring and reviewing risks over time
• Reporting risk assessment findings to stakeholders
• Creating and maintaining a risk register
• Creating a culture of risk awareness and continuous improvement
• Final practical exercise: Complete a risk assessment and mitigation plan for a given project
• Course review, Q&A, and certification assessment (optional)

A RECTUS attendance certificate will be awarded to all participants who complete at least 80% of the total course duration.