Course description
Organizations in industries face operational risks wherever they turn. To the left lie ever-present risks from employee conduct, third parties, data, business processes, and controls. To the right are inherent cultural, moral, and ethical risks. Layered on top are technology risks—which are compounded as organizations embrace new technologies like automation, robotics, and artificial intelligence.
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,
Operational Risk Management and Mitigation 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 seminar will enable the delegates to examine their own operations and take steps to plan and manage risk within their workplace.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Operational Risk Management and Mitigation training course is suitable to a wide range of professionals but will greatly benefit:
Senior Operations Managers
Risk Management Professionals
Operations Managers
Senior Team Leaders
Maintenance Managers, Engineers and Technicians
Operations Planners
Outcome / Qualification etc.
At the end of this operationalRisk Management & Mitigation training course, you will be able to:
Improving the reliability of business operations
Improving the effectiveness of the risk management operations
Strengthening the decision-making process where risks are involved
Reduction in losses caused by poorly-identified risks
Early identification of unlawful activities
Lower compliance costs
Reduction in potential damage from future risks
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
Training Course Content
Day 1
The Foundations of Operational Risk Management
What is Risk and Operational Risk Management?
The Benefits of Operational Risk Management
The Operational Risk Management Framework
The 6-step Operational Risk Management Cycle
Enterprise Risk Management
Risk Identification Process
Risk Management Principles and Standards
Risk Assessment
Day 2
Risk Management Methods
The Challenges of Risk Management
Operational Risk Management in the Corporate Structure
Probability and Statistics for Operational Risk Management
Risk Modelling
Failure Modes and Effects
Risk Measurement
Risk Maturity Level and Risk Appetite
Risk Response
Day 3
Risk Governance
Risk Controls
Key Risk Indicators (KRIs)
Qualitative and Quantitative Risk Analysis
Risk Actions
Risk Reviews
Risk Governance –Three Lines of Defense
Risk Oversight, Documentation and Reporting
Project Risk Management
Day 4
Implementing Operational Risk Management
Overcoming the Hurdles to Risk Management
Risk Management Communication
Setting a Risk Management Vision
Stakeholder Ownership of Risk Management
Instilling a Risk Management Culture
International Attitudes to Risk
Embedding Operational Risk Management
Day 5
Integrating Risk Management into your Operations
Web-based Risk Management Tools
Integrating Risk Management into Your Operations
Top Tips for Successful Operational Risk Management
Review of Learning
Personal Action Planning based on Lessons Learned from Course
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...