6 - 10 Jan 2025
Kuala Lumpur (Malaysia)
Hotel : Royale Chulan Kuala Lumpur
Cost : 5250 € Euro
In today's dynamic and highly regulated business environment, effective process risk management and compliance are paramount for organizations seeking to thrive while ensuring the safety of their operations, products, and services. The Advanced Process Risk Management, Assessment, and Compliance Training Program has been designed to equip professionals and organizations with the knowledge and tools necessary to navigate the complex landscape of risk and regulatory requirements successfully.
Upon completion of this training program, participants will:
Understand Process Risks: Gain a comprehensive understanding of the various types of risks inherent in business processes and how to identify them effectively.
Master Risk Assessment Techniques: Acquire proficiency in both qualitative and quantitative risk assessment methodologies, including HACCP, FMEA, Bowtie Analysis, and QRA.
Integrate Compliance and Risk Management: Learn to seamlessly integrate compliance requirements and standards into risk management strategies, ensuring a holistic approach to risk mitigation.
Develop Risk Mitigation Strategies: Discover strategies for mitigating identified risks, including avoidance, reduction, sharing, and acceptance, and create action plans to implement these strategies.
Effectively Communicate Risks: Learn to communicate risks clearly and persuasively to stakeholders, fostering a risk-aware culture within the organization.
Embrace Continuous Improvement: Recognize the importance of continuous improvement in risk management, adapting strategies based on changing circumstances, and learning from past incidents and near-misses.
This training program is tailored for a diverse audience of professionals across various industries, including but not limited to:
Risk Managers: Professionals responsible for identifying, assessing, and managing risks within their organizations.
Compliance Officers: Individuals tasked with ensuring regulatory compliance and integrating compliance efforts with risk management.
Quality Assurance Professionals: Those involved in maintaining product and service quality while managing associated risks.
Safety and Environmental Specialists: Professionals focused on safety and environmental compliance, with an interest in risk management.
Operational and Process Managers: Individuals responsible for optimizing processes while minimizing operational risks.
Project Managers: Project leaders looking to enhance risk management practices within their projects.
Consultants and Advisors: Professionals offering risk management and compliance consulting services to clients.
Day 1: Introduction to Process Risk Management and Regulatory Framework
Welcome and program overview
Importance of risk management in various industries
Overview of relevant industry regulations and standards
Types of risks in processes
Risk identification techniques
Regulatory compliance and its role in risk management
Day 2: Risk Assessment Fundamentals
Risk classification and prioritization
Qualitative risk assessment methodologies
Quantitative risk assessment (basic concepts)
Practical exercise: Conducting a simplified risk assessment
Day 3: Advanced Risk Assessment Techniques
Hazard Analysis and Critical Control Points (HACCP)
Failure Modes and Effects Analysis (FMEA)
Bowtie Analysis
Quantitative Risk Assessment (QRA)
Comparing and selecting appropriate risk assessment methodologies
Day 4: Risk Mitigation and Control
Risk mitigation strategies (avoidance, reduction, sharing, acceptance)
Developing effective control measures
Action planning for risk mitigation
Key risk indicators (KRIs) and their role in risk monitoring
Communicating risks to stakeholders
Day 5: Compliance Integration and Continuous Improvement
Integrating compliance requirements with risk management
Using technology and tools for risk management and compliance
Case studies: Real-world examples of compliance and risk management
The role of continuous improvement in risk management
Adapting risk strategies based on changing circumstances