Risk Management: Know your Risk - you're Half way there..

ADVANCED

Risk Management

Identify risks presented by the external supply market and ensure that residual risk is known and manageable.

The workshop aims to equip participants with a range of practical tools and techniques to identify, scale and treat to create an acceptable level of residual risk. Addressing traditional approaches to risk identification, scaling and treatment and, different ways of thinking about risk such as scenario and contingency planning and Cynefin.

1 DAY COURSE

LEARNING OUTCOMES

Our practical one-day course will equip you with the knowledge and tools to:

• Design and implement a process for managing a variety of risks, originating either internally and externally.
• Conduct risk identification and scaling workshops with robust outcomes enjoying the support of stakeholders.
• Facilitate alternative approaches such as scenario planning and Cynefin for risk identification and treatment, combining traditional and contemporary perspectives.
• Propose balanced treatment options for risk, including acceptance, transfer and contingency planning as part of a coherent suite of potential options.

BENEFITS OF ATTENDING

• Increased confidence in applying practical methods to identify risk affecting procurement projects, including from external sources and the supply chain.
• More effectively apply practical methods to scale risk, including the residual risk borne after risk controls have been applied.
• Lowers the likelihood the procurement process is affected by uncertainty.

COURSE OVERVIEW

1 - Risk management in practice

2 - Practical methods for risk identification

3 - The use of scenarios to aid risk identification

4 - Practical methods for scaling risk

5 - Practical methods for the treatment of risk

6 - Cynefin and dealing with different contexts

7 - Contingency planning and business continuity

8 - Corporate risk appetite and residual risk scaling

9 - Alternatives to rule-based risk management regimes

AUDIENCE

This workshop will be of benefit to practitioners who want to think practically and holistically about how risk impacts on business objectives and addressing risks faced with a balanced approach.