The key to any successful operation lies in the effective management of risks; the ability to seize opportunities, minimize threats, and optimize results. However, risk management is too often treated as a reactive process, or worse, not done at all. In this Operations Risk Management and Mitigation training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach applies a proven six-step methodology of risk planning through identification, analysis, and control.
This training course is designed to help operations teams and businesses accurately and efficiently identify, quantify, and mitigate risks that threaten to disrupt, or derail, their operations. The training course content is applicable to all industry sectors where operations form the cornerstone of their business and are of a value and nature that necessitate formal risk management. It is tailored for all personnel who are either involved in or responsible for, the successful delivery and continuity of these operations.
The training course is based on the latest PMBOK 6th edition and also applies the principals of ISO 31000:2009, “Risk Management - Principles and Guidelines” and ISO 31010:2009, “Risk Assessment Techniques”.
At the end of this course the participants will be able to:
Develop an overview of the Risk Management Process
Learn to identify risks that affect operational safety, time, cost, and quality
Apply useful techniques to identify, analyze and mitigate risks throughout the operations life-cycle
Learn how to create an effective risk monitoring plan and risk management strategies
Use a practical, six-step process to manage operations risks
Develop a risk management budget based on Expected Monetary Value (EMV)
Operations team leaders, supervisors, section heads and managers
Business and operations professionals who have an interest in risk management
Maintenance managers, engineers, and technicians
Technical professionals involved in operations start-up, maintenance and shut-down
Business administrative, procurement, and support staff
All personnel involved in carrying out operations work assignments
The Six Risk Management Processes
Purpose & Benefits of Risk
Responsibilities in Risk Management
Integrating Risk Management into the Operations Management Process
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All businesses in the current environment need a competitive edge. This can be gained through innovative and exciting products and services, or effective and efficient world-class employees. Top performing organizations are passionate about their most valuable resource - their staff. To maintain their high standards a large proportion of their time and energy is spent on continuous professional development, not only of their employees but of their business. This course investigates the tried and trusted management processes, procedures, and methodology used by many blue-chip companies. They use the tools to develop high levels of performance from their staff. This in turn ensures the future and reputation of their companies through innovative development, service, and evaluation. This course offers participants practical solutions to work-related issues.
Get ready to recharge yourself with new energy to propel your career, increase job satisfaction, and add greater value to your organization. This course will show you how. You will learn the combination of attributes and skills you need to accelerate your career positively and successfully along your professional path, now and into the future. Become a positive force for your organization, your customers, and your colleagues.
In this training course, you'll go from beginner to extremely high-level and your instructor will build each algorithm with you step by step on screen. By the end of the course, you will have trained machine learning algorithms to classify flowers, predicting house prices, identify handwritings or digits, identify staff that is most likely to leave prematurely, detect cancer cells, and much more!
The knowledge and skills acquired via this Compliance Regulatory Professionals training course are intended to help participants better understand and support regulatory compliance and enterprise-wide risk management. Additionally, to promote best practices and international standards that match with corporate and regulatory needs, and to deal with the rules, markets, products, and transactions.