Risk Assessment Techniques and Operational Resilience
DATE: 25 – 27 JANUARY 2021 | From 14:00 to 17:00 LEBANON TIME / GMT+2
Organizations of all types and sizes face a range of risks that may affect the achievement of their objectives. These objectives may relate to a range of the organization’s activities, from strategic initiatives to its operations, processes and projects, and be reflected in terms of societal, environmental, technological, safety and security outcomes, commercial, financial and economic measures, as well as social, cultural, political and reputation impacts.
All activities of an organization involve risks that should be managed. The risk management process aids decision making by taking account of uncertainty and the possibility of future events or circumstances (intended or unintended) and their effects on agreed objectives.
Risk assessment is a part of the risk management cycle which provides a structured process that identifies how objectives may be affected and analyses the risk in term of consequences and their probabilities before deciding on whether further treatment is required.
Risk assessment attempts to answer the following fundamental questions:
• what can happen and why (by risk identification)?
• what are the consequences?
• what is the probability of their future occurrence?
• are there any factors that mitigate the consequence or the probability of the risk?
This will also help the participants to understand how this can support the organisational resilience by implementing strong and tailored risk assessment techniques.
• Have a view on main risk assessment techniques.
• Give guidance on selection and application of techniques for risk assessment.
• Grasp the main concepts related to risk assessment and specifically the notions of risk identification and risk analysis.
• Provide evidence-based information and analysis to make informed decisions on how to treat particular risks and how to select between options.
• Be equipped to understand the nature of the risks, their causes, consequences and their probabilities. This provides input to decisions about their treatment.
Who Should Attend?
The course is the perfect fit for anyone needing a rapid, full, intense upgrade in best practices of risk assessment techniques.
Consultants, project managers or new managers joining a risk function, from the business or from other risk area, incumbent managers needing to benchmark and discuss their practice will find great value in this training in Risk Assessment Techniques and Operational Resilience..
Main Topics and Agenda:
Numerous practice sessions and group work will give to all the chance to test all the risk assessment techniques, meet and work with colleagues from various organisations and benefit from networking and experience sharing.
• Overview and selection of risk assessment techniques
• Risk identification techniques: Brainstorming, Interviews, Delphi
• Risk identification techniques: Check-lists, Primary hazard analysis
• Risk identification techniques: Hazard and interoperability studies (HAZOP), Hazard Analysis and Critical Control Points (HACCP).
• Risk analysis techniques: Structure “What if?” (SWIFT), Scenario analysis
• Risk analysis techniques: Business impact analysis, Root cause analysis
• Risk assessment techniques: Failure mode effect analysis, Fault tree analysis, Event tree analysis
• Risk assessment techniques: Bow tie analysis, Multi-criteria decision analysis (MCDA)
• Emerging risk framework
• Risk monitoring and Key Risk Indicators
• Organisational resilience
Mr. David Lannoy
Associate Director Risk Training & Practices
• 20+ years experience in risk and non-financial industries
• Specialties: ERM, training and risk workshops, RCSAs
• David Lannoy has gained vast experience in risk management over the last 20 years. He has worked in a wide range of sectors such as public service, finance, telecommunication and life sciences. David’s key achievement is bringing enterprise risk management and internal control to a higher level of maturity in international organisations. Among others, he has worked for the Committee of Regions, the European Economic and Social Committee, and the European Border and Coast Guard Agency.