Risk is part of life whether you are developing a new product or planning a vacation. We intuitively include some risks in all our plans. Many of us fail to analyze and plan to mitigate risks systematically in all our work. Even more problematic, we don't plan for unexpected risks. Learn to create mitigation plans for anticipated risks and a plan to deal with the unexpected. Use standard tools to analyze risks and prioritize the need for planning. Be confident, stop "firefighting," and manage risk strategically. 

Course Objectives:

• Anticipate common or recurring risks in your situation
• Be prepared with procedures and plans for dealing with predictable risks
• Prevent or eliminate certain risks
• Have a generic risk management plan for unanticipated risks to minimize response time
• Incorporate risk analysis and management into everything you undertake

Why Should You Attend:

No endeavor goes off completely as planned. Glitches, whether large or small, can derail your work if you are unprepared. Planning to manage risks assures a greater chance for minimum impact to schedule, cost, and desired results. Being prepared to deal with unexpected risks allows you to respond not react. If you develop prevention plans where you can, contingency plans where you must, and a generic plan to respond to the unexpected, you are ready to face any crisis and adapt as necessary.

Course Outline:

A. Context for risk management

    1. What are your strengths and challenges dealing with risks currently?
    2. What are the most common risks you face at work?

B. Identifying Risks

    1. Looking at history, experience, team memory
    2. Surveying common risks
    3. Maximizing brainstorming risks

C. Analyzing and Assessing risks

    1. Simple tools for risk analysis
    2. Gathering data for more precise risk analysis
    3. Avoiding common problems with risk analysis

D. Deciding where to put your risk management resources

    1. Tools for decision making
    2. Matching tools to risk level

E. Developing risk plans

    1. Planning to avoid risks
    2. Planning to mitigate risks
    3. Planning for early warning signs of risk
    4. Integrating risk management goals, objectives, strategies, and tactics into plans

F. Monitoring and Controlling risks

    1. Developing metrics, schedules to monitor risk
    2. Controlling risks where possible
    3. Establishing risk management techniques

G. Expecting the Unexpected

    1. Developing generic response plans
    2. Training everyone on response plans

H. Continually improving risk management

    1. Analyzing lessons learned from every risk which occurs
    2. Integrating results and lessons learned into existing and future risk management, mitigation, and response planning

What You Get:

• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Point

Who Will Benefit:

• Executives
• Managers and Department Managers
• Supervisors
• Project Managers
• Small Business Owners
• Team Leaders