Managing Risk

Risk, they say, is a part of life.  It’s certainly part of business – any business.  Risk is unavoidable; we ignore it at our peril.  Many business leaders say that, without taking risks, success is impossible.

The key is to prepare for risk and manage it.  It’s not just a matter of identifying and evaluating risks; we also need to separate potentially disastrous risks – and minimize them – from risks that provide opportunities for growth and competitive advantage – and manage them.

In this course, we explore a method for combining risk assessment and mitigation into an integrated risk management process.  We discover the drills and skills that will help us transform risk into reward.


We have designed this course for anyone who can influence the management and control of risk within their organisations: supervisors, junior and middle managers, and anyone responsible for risk management systems, especially within Contract Management and Procurement.  

It will also be invaluable for employees wishing to gain a better understanding of risk as part of their CPD plan.

The course will be particular benefit to any managers responsible for embedding effective systems of corporate governance, as well as departmental heads requiring a better understanding of risk management.


By the end of this course participants will be able to:

• Analyse the broad range of risks in business
• Understand the benefits of risk management
• Identify, assess and mitigate hazards
• Assess and evaluate risks, according to urgency and importance
• Formulate a risk assessment process
• Contribute to the development of a risk management system for their organisation
• Implement and manage the risk management system effectively

Topics covered during the course will include :

• Fundamentals of risk management and assessment
• Hazards identification and control
• Job safety analysis and its relation to risk
• Operational and production risk
• Project risk management
• Purchasing risk
• Security risk
• Fraud risk
• IT risk
• Intellectual property risk
• Risk management systems
• Environmental risk
• Catastrophic risks and business continuity

In addition, according to the needs of participants, in-depth information can be given for any of the following:  

• Introduction to EMS and ISO 14001
• Environmental trends
• Emergency preparedness and response
• Environmental audit systems
• Risk assessment, auditing and monitoring
• Work permit systems and risk assessment
• Risk in financial institutions
• Credit risk