World Class Risk Management - What The Best International Standards Say About Risk - ISO 31000, ISO 14971 and ICH Q9
Are you a Supervisor, Manager, or Director with risk management responsibilities? Do you have questions about what you are doing and why? If the answer is “yes,’ then this is the right course for you!
Risk management is a defining attribute of the 21st century. Many companies and organizations are going through growing pains attempting to implement effective and sustainable business practices. While the concepts may seem to be simplistic, the implementation in an organization can be very daunting.
In this two-day workshop conference, you will learn strategies for success in your organization.
How should the corporate risk process be integrated into specialty areas such as Operations, Human Resources, Project Management, Strategic Planning, and Safety and Health?
How do we deal with non-linear issues such as those with low probability, yet catastrophic severities?
What tools are available to facilitate formal risk management in the organization and how to implement them?
Upon completion of the course, the participants should:
Understand risk-based thinking and compliance risk
Understand what the global expectations of risk management are regardless of industry or organization.
Utilize a risk based approach to developing an effective and scientifically valid risk management system
Evaluate effectiveness, suitability and adaptability of the risk management system in a variety of applications and across multiple fields of study
Using good risk management principles to manage the supply chain, to enhance success with vendors and contract manufacturers.
Understand the difference between acceptable risk-based thinking and significant deviations from the accepted industry practice
Understand how risk management has been implemented in different industry sectors and in different countries around the world
Investigate methods to identify true root causes of problems and to evaluate and prioritize solutions
Implement formal methods for decision-making
Develop successful implementation plans
Perform risk assessments effectively
Communicate risk results both within and without the organization
DAY 01 (8:30 AM - 4:30 PM)
Registration Process: 8:30 AM
Introduction to risk management
Defining the what, how and why we got to this point with risk management
Review of several risk management standards
What are the universal principles?
Where are they different and why?
Decision-making in risk management
Design of Experiment
Root case analysis
Frameworks for effective risk management
Establishing the organizational framework
Designing the program
Policies and procedures
Risk Management is the critical tool for the whole organization
DAY 02 (8:30 AM - 4:30 PM)
Implementing the program
Common cause failure modes and how to avoid them
Dealing with organizational inertia
Establishment of a baseline risk assessment
How to assess the adequacy of the assessment
Do we know enough?
Evolving to a living risk management process
Risk as Opportunity
The concept of positive risk
Turning opportunities into strategy
Risk Treatment Strategies
Tracking cost savings and cost avoidances
Integration of Health and Safety
Use of statistical cost of human life around the world
Reports of successes
Separating the critical from the important
Communicating risk about risk management
How to change the system
Incremental changes versus the revolutionary change
Moving the prototype to full operation
When to change and when to leave as is