Strategic Risk Management

Price
$795.00 USD

Duration
1 Day

 

Delivery Methods
Virtual Instructor Led
Private Group

Strategic Risk Management Course Overview

In today's dynamic business environment, effective risk management is crucial for organizational success. The Strategic Risk Management course provides participants with the knowledge and tools to identify, assess, and mitigate risks that can impact strategic objectives. Through real-world scenarios and practical exercises, attendees will learn to integrate risk management into the strategic planning process, ensuring resilience and competitive advantage.

Course Objectives

By the end of this course, participants will have a comprehensive understanding of strategic risk management principles and practices. They will be equipped to identify potential risks that could affect their organization's strategic goals, assess the likelihood and impact of these risks, and develop mitigation strategies to address them proactively. Attendees will also learn to integrate risk management into the strategic planning process, fostering a culture of risk awareness and resilience within their organizations.

Who Should Attend?

This course is designed for project managers and/or project participants seeking a deeper understanding of proven risk management techniques.
  • Top-rated instructors: Our crew of subject matter experts have an average instructor rating of 4.8 out of 5 across thousands of reviews.
  • Authorized content: We maintain more than 35 Authorized Training Partnerships with the top players in tech, ensuring your course materials contain the most relevant and up-to date information.
  • Interactive classroom participation: Our virtual training includes live lectures, demonstrations and virtual labs that allow you to participate in discussions with your instructor and fellow classmates to get real-time feedback.
  • Post Class Resources: Review your class content, catch up on any material you may have missed or perfect your new skills with access to resources after your course is complete.
  • Private Group Training: Let our world-class instructors deliver exclusive training courses just for your employees. Our private group training is designed to promote your team’s shared growth and skill development.
  • Tailored Training Solutions: Our subject matter experts can customize the class to specifically address the unique goals of your team.

Learning Credits: Learning Credits can be purchased well in advance of your training date to avoid having to commit to specific courses or dates. Learning Credits allow you to secure your training budget for an entire year while eliminating the administrative headache of paying for individual classes. They can also be redeemed for a full year from the date of purchase. If you have previously purchased a Learning Credit agreement with New Horizons, you may use a portion of your agreement to pay for this class.

If you have questions about Learning Credits, please contact your Account Manager.

Agenda

1 – Introduction to Risk Management

  • Risk management concepts
  • Benefits of strategic risk management
  • Integrating risk management within the project life cycle
  • Taking a leadership role in risk management
  • Understanding stakeholder risk tolerances and attitudes
  • Developing a risk management plan
  • Defining risk categories, probability, and impact
  • Creating a risk matrix
  • Effective risk communication
  • Critical success factors for risk planning

Risk Identification

  • Identifying types of project risks
  • Critical success factors for risk identification
  • Stakeholders in the risk identification process
  • Tools & techniques for identifying risks
  • Writing accurate risk statements
  • Developing a practical risk register
  • Case Study Exercise

2 – Risk Analysis

  • Qualitative risk analysis overview
  • Critical success factors for analysis
  • Assessing risk probability, impact, and urgency
  • Using the risk matrix effectively
  • Quantitative risk analysis: when and why
  • Calculating risk impact
  • Expected monetary value (EMV) and risk reserves
  • Decision trees for risk assessment
  • Monte Carlo simulation & probability distributions
  • Case Study Exercise

3 – Risk Response Planning

  • Overview of response planning
  • Critical success factors for response planning
  • Risk response strategies and documentation
  • Tools & techniques for planning responses
  • Addressing residual and secondary risks
  • Case Study Exercise

4 – Controlling Risk

  • Purpose and goals of risk monitoring and control
  • Understanding the life cycle of a risk
  • Critical success factors for controlling risks
  • Using contracts as risk management tools
  • Tracking risks with the risk register
  • Executing risk response plans
  • Case Study Exercise

5 – Risk Closure and Communication

  • Purpose and objectives of risk closure
  • Critical success factors for closure and communication
  • Communicating ongoing risk status
  • Creating a centralized risk repository: the Corporate Knowledge Base
 

Upcoming Class Dates and Times

Apr 30
8:30 AM - 6:00 PM
ENROLL $795.00 USD
Jun 18
8:30 AM - 6:00 PM
ENROLL $795.00 USD
Aug 13
8:30 AM - 6:00 PM
ENROLL $795.00 USD
Oct 15
8:30 AM - 6:00 PM
ENROLL $795.00 USD
Dec 10
8:30 AM - 6:00 PM
ENROLL $795.00 USD
 



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