What do you learn in the Risk Management course?

You will learn to identify, analyse, prioritise and control risks systematically. You will work with the COSO, ISO 31000 and M_o_R frameworks, draw up a risk matrix and risk register, design risk indicators and learn to report to management and stakeholders. The course is practical: you work on your own case material and go home with a risk file you can put to use.

Who is the Risk Management course intended for?

The course is intended for project managers, programme managers, entrepreneurs, financial managers, controllers, compliance officers, policy advisers, quality managers and line managers who want a firmer grip on risks within their project or organisation.

Do I need prior knowledge for the Risk Management course?

No specific prior knowledge is required. Work experience in a project, management or advisory role helps you translate the material to your own practice, as you will be working on your own case material during the course.

Which risk management models are covered?

You will work with the three most widely used international frameworks: COSO ERM, ISO 31000 and M_o_R (Management of Risk). You will learn what distinguishes the models, when to use which model and how to combine elements of them into an approach that suits your organisation.

Do I receive a certificate after the course?

Yes. After active participation in all three course days, you will receive a Learnit certificate of participation.

Can the Risk Management course be delivered in-company?

Yes. The course is also available in-company, at your organisation's premises or online. We tailor the content, examples and exercises to the risks, projects and maturity level of your own risk management. Contact us for a bespoke quotation.

What is the difference between risk management and crisis management?

Risk management focuses on identifying, analysing and controlling risks in advance, with the aim of preventing unwanted events or limiting their impact. Crisis management is about acting during and immediately after an incident that has already occurred. Good risk management reduces the chance that you will have to manage a crisis and ensures that, if things do go wrong, you are better prepared.

What is a risk matrix and how do you use it?

A risk matrix is a table in which you plot risks on two axes: the likelihood of the risk occurring and the impact if it does. By scoring risks on both axes, you get a visual overview of which risks deserve the most attention. The matrix helps you set priorities: high likelihood and high impact first, low likelihood and low impact accepted or monitored. During the course you draw up a risk matrix for your own project or organisation.

What are static and dynamic risks?

Static risks are risks that are relatively stable over time and often insurable, such as fire, theft or storm damage. Dynamic risks change continuously and are linked to the market, technology, people's behaviour and strategic choices, such as competition, innovation or changing customer behaviour. Dynamic risks also offer opportunities and call for active management rather than insurance alone.

What are key risk indicators (KRIs)?

Key Risk Indicators are measurable signals that indicate whether a risk is becoming more likely or increasing in impact. Think of absenteeism as an indicator of the risk of staff dropout, or invoice turnaround time as an indicator of liquidity risk. Good KRIs are early, measurable and linked to a standard. In the course you will learn to design KRIs for your own organisation and link them to control measures.

What is risk appetite?

Risk appetite is the level of risk an organisation is consciously prepared to accept in pursuing its objectives. An innovative technology company generally has a higher risk appetite than a pension fund. You translate risk appetite into concrete limits per risk category, so that staff know which risks they may take independently and when they need to escalate. Making risk appetite explicit is an important step towards mature risk management.

What does the Risk Management course cost?

You will find the current price at the top right of this course page, together with the schedule, location and delivery format. For in-company or bespoke courses we are happy to provide a quotation on request.

Risk Management course | training

Name: Risk management
Price: 1950.0 EUR
Availability: InStock
Rating: 9.4 (1 reviews)

Running a business means taking risks. The question is not whether you will encounter them, but how you spot them in time and what you do about them.

Description

A new strategic step, a major project or an investment: uncertainty plays a part in every decision. Risk management helps you make that uncertainty manageable. You learn to recognise signals early in a process that could later cause delays, cost overruns or reputational damage.

During the course you work with the internationally used frameworks COSO, ISO 31000 and M_o_R. You learn the difference between static and dynamic risks, you practise drawing up a risk matrix and you design risk indicators that suit your organisation or project.

The set-up is practical and interactive. You bring your own case material and translate theory directly into concrete actions. At the end of the third day you have a workable risk file that you can start using on Monday.

Topics

Risk management models: COSO, ISO 31000 and M_o_R in practice
The difference between static and dynamic risks
The trade-off between taking risks and controlling risks
Identifying, analysing and prioritising risks
Working with a risk matrix and risk register
Embedding risk management in the organisation
Designing risk indicators (KRIs)
From insight to concrete control measures
Measuring, monitoring and reporting on effectiveness
Risk appetite and risk culture

Result

After the course you recognise risks at an early stage and can analyse and prioritise them in a structured way. You know which framework suits your situation and you can design risk indicators that genuinely warn you before things go wrong. You have tools to embed risk management in projects and in the wider organisation, and you can hold a well-founded conversation with management, clients and stakeholders about which risks you accept and which you actively control.

Target audience

The course is intended for project managers, programme managers, entrepreneurs, financial managers, controllers, compliance officers and line managers who want a better grip on risks within their project or organisation. Policy advisers and quality managers involved in risk analyses or the implementation of a risk framework will also find models and working methods in this course that they can apply immediately.

Teaching method

The course combines short blocks of theory with plenty of practice on your own cases. You work in a small group, receive personal feedback from an experienced trainer and go home after each day with concrete next steps. Between the course days you apply what you have learnt in your own work, so that you start the next day with real experiences.

Prior knowledge

No specific prior knowledge is required. Work experience in a project or management role helps you to translate the material to your own practice.

Language

The training is given in Dutch as standard. The trainer has a good command of English. English-language course material can be used. With a minimum enrolment of 3 participants, the training can also be given entirely in English.

Number of days:

3 days

Course times:

from 10 am to 5 pm

Study load:

21 hours

Education level:

This training is suitable for all levels.

Exemptions:

Exemptions do not apply to this course.

Preparation time:

No preparation time applies to this course.

Certificate:

At the end of the course, a certificate is issued as proof of participation.

The best training for you

At Learnit you will always find a course that takes you further. From (technical) IT skills to communication or personal leadership. You can also choose the training format that suits you best: a classroom course, a tailor-made course at your own office, an online course or an e-learning. We have the right course and the right format for everyone. Because learning in the way that suits you best delivers the best results.

Moving forward together

Taking a training course at Learnit means learning together. Together with your experienced trainer, together with your course group or together with your colleagues. And whether you take the training at home, at your office or at one of our training locations, we are always available to help you. To share our knowledge with you in a way that is genuinely useful to you. Getting further together through personal attention and understanding each other well; that is what we believe in.

Apply it directly in your work

Learning theory from a book that you can then hardly use in your work? Not at Learnit! Whichever training you take with us, you can put it to use at your workplace straight away. Because of the unique learning objectives you set together with the trainer at the start of the training. Because of the alternation between theory and (interactive) practical assignments. And by bringing the challenges you face in your daily work along to the training.

Risk Management course