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Training overview
Corporate / Group Training
1 day
Start dates
Online
Inquire to learn more about our online and webinar-based training

Course description

Risk Management

Risk management has long been a key part of project management and it has also become an increasingly important part of organizational best practices. Corporations have realized that effective risk management can not only reduce the negative impact of crises; it can provide real benefits and cost savings.

The risk management framework provided in this workshop is flexible enough for any organization. You can apply it to a single project, a department, or use it as a basis for an enterprise-wide risk management program.

Learning Objectives

This one-day workshop will help you teach participants how to:

  • Define risk and risk management
  • Describe the COSO ERM cube and ISO 31000
  • Establish a risk management context
  • Describe the 7 R’s and 4 T’s that form the framework of risk management activities
  • Design and complete a basic risk assessment
  • Determine the appropriate response to risks and create a plan for those responses
  • Describe the key components of reporting, monitoring, and evaluation of a risk management program

COVID-19 Update

In light of COVID-19, this provider is now delivering some or all of their courses online. Contact them for more information!

Training content

You will spend the first part of the day getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.

Understanding Risk

In this session, you will discuss the definitions of risk and risk management, types of risks, and the key components of establishing your risk management context. To wrap up the session, you will review two key risk management models: the COSO ERM cube and the ISO 31000 risk management standard.

Risk Management Activities

This session will provide the framework for the remainder of the day: the seven R’s and four T’s of risk management.

Assessing Risk

Next, participants will learn how to design a basic risk assessment process. They will also start working on a case study that will be used throughout the day.

Responding to Risks

In this session, participants will learn about the four T’s of responding to risks: Tolerate, Treat, Transfer, and Terminate.

Resourcing Controls

Next, participants will explore controls that can be put into place to mitigate risks.

Reaction Planning

This session will give participants a checklist of items to include in their contingency plan.

Reporting and Monitoring

In this session, participants will discuss reporting hierarchies and requirements.

Reviewing and Evaluating the Framework

The final session will give participants a checklist for reviewing their risk management program.

Workshop Wrap-Up

At the end of the course, students will have an opportunity to ask questions and fill out an action plan.

Course delivery details

This course can be offered in the following formats:

  • On-site
  • Online
  • Webinar

Why choose Mainstream Corporate Training?

Serving Over 40 Business Verticals, across North America

98.8% Client Satisfaction, 99% citing they would refer our programs to others

ROI realized by clients as early as the first 3 months post training

About Mainstream Corporate Training

Mainstream Training

Mainstream Corporate Training-- Engaging Professional Development

We are committed to providing quality training that is essential to successful personal and professional growth; our programs help learners maintain a competitive advantage through insightful and effective training topics. Information continues to change and develop our lives -personally and professionally,...


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Contact info

Mainstream Corporate Training

1157 Ouellette Avenue
N9A4K1 Windsor

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mainstreamcorporatetraining.com

Reviews

Average rating 4.5

Based on 10 reviews

Chivaun P.
(5)
The content presented directly related to our day-to-day activities but provided insight on how we can enhance our current practices.
Carey T.
(5)
The delivery of the course was well received and the instructor was very engaging and entertaining and as an absolute pleasure to be in the presence of. Great Job.
Julie C.
(4)
Matt was very entertaining. Very recommended as a motivator!
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Training reviews
Course rating
(4.5)
Based on 10 reviews

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