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SPS23

RISK PLANS & REGISTER

Introduction:
Risk management plans and risk registers are essential tools to ensure a systematic approach to identifying, evaluating, documenting, and effectively monitoring risks throughout the lifecycle of a project or operational process. These tools support informed decision-making and help achieve business objectives with minimal disruptions or losses. This course aims to equip participants with the practical skills and theoretical knowledge needed to develop and implement risk management plans and risk registers in line with best practices and international standards.

Who Should Attend:
This training program targets all professionals involved in risk management, including:

  • Risk management officers.
  • Project and operations managers.
  • Quality engineers and compliance officers.
  • Safety and occupational health supervisors.
  • Internal audit and compliance team members.
  • Consultants specializing in strategic planning and crisis management.
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Course Contents:

Day 1: Introduction to Risk Management and Planning

  • Basic concepts of risk management.
  • Importance of developing a risk management plan.
  • Key components of a risk management plan.
  • Integration of risk plans within overall project management.

Day 2: Developing a Risk Management Plan

  • How to identify and analyze risks.
  • Developing risk response strategies.
  • Defining roles and responsibilities within the risk management team.
  • Integrating emergency plans with risk management plans.

Day 3: Creating the Risk Register

  • Definition and importance of the risk register.
  • Key elements of a risk register (description, classification, probability, impact, response).
  • How to effectively update and track the risk register.
  • Tools and templates for risk registers.

Day 4: Continuous Evaluation and Risk Monitoring

  • Techniques for monitoring and updating risk plans and registers.
  • Key performance indicators (KPIs) for risk management.
  • Case studies: Analysis of real-world risk registers.
  • Using modern software for risk management and monitoring.

Day 5: Practical Workshops and Applications

  • Comprehensive workshop: Developing a risk management plan and register for a simulated project.
  • Discussing various scenarios and appropriate responses.
  • Common challenges and best practices in managing risk plans and registers.
  • Continuous improvement steps and fostering a risk management culture.

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