Operational Risk Management & Mitigation

Introduction

This Operational Risk Management and Mitigation Training course develops the understanding, skills, methods and behaviors required to proactively manage risk across your operations – helping ensure day-to-day operational continuity, as well as the long-term sustainability of your organisation. Based on a proven framework and introducing best practice techniques, this training course presents a pragmatic approach to balancing risk and reward in today’s world of technological innovation and global competition. This training course provides insight into Risk Governance as well as a systematic methodology to identify, quantify, and mitigate risks that threaten to disrupt or undermine your organisation.

This training course provides a deep understanding of the human, process, systems, and organisational causes of risk and how to minimize them, including insight into the psychology of risk prevention and the need to combat external threats. The training course will enable the delegates to examine their own operations and take steps to plan and manage risk within their workplace

This GLOMACS Operational Risk Management and Mitigation Training course will highlight:

• The crucial role of Operational Risk Management in organisation sustainability
• A best practice Framework and systematic approach to Risk Management
• A six-step end-to-end approach to Operational Risk Management
• Risk Governance and oversight
• Fostering a culture of Risk Management
• Case study examples of the successes and failures associated with Risk Management

Objectives

At the end of this Operational Risk Management and Mitigation Training course, you will learn to:

• Appreciate the benefits of proactive Operational Risk Management
• Construct an effective Risk Management Plan
• Conduct Risk Identification and Risk Analysis
• Plan a response to risk and take action to mitigate it
• Implement an Operational Risk Management Framework within your organisation
• Document, report and manage Operational Risk
• Apply a systematic approach to Risk Management within your own operations

Training Methodology

The key to this Operational Risk Management and Mitigation Training course is hands-on experience of applying Operational Risk Management techniques to case studies and to live examples within participants’ own operations. To create an energetic and enjoyable learning experience, a variety of team-based activities, games, videos and discussions are also used to enable participants to grasp the end-to-end process of identifying and mitigating risk.

Organisational Impact

The main benefit of this Operational Risk Management and Mitigation Training course is to help organisations anticipate and mitigate risk inherent in all operations. Other benefits include:

• Increased organisation sustainability
• Enhanced operational continuity and efficiency
• Enhanced management understanding of the dimensions of Risk Management
• Enhanced management ability to plan for and control Operational Risk
• Embedding of a systematic approach to Operational Risk Management
• Greater buy-in to proactive Operational Risk Management from key stakeholders

Personal Impact

Participants will increase their confidence and ability to manage the risk inherent in their operations. Other benefits include:

• Increased understanding of the components that make up a Risk Management Framework
• Enhanced ability to apply systematic Operational Risk Management techniques
• Enhanced ability to plan for, identify, analyse and control Operational Risk
• Greater ability to gain buy-in to Risk Management from key stakeholders
• Increase understanding of tools available to simplify Operational Risk Management
• Enhanced understanding of the application and advantages of Risk Governance