Training Course: Risk Management & Effective Internal Audit

Introduction

Environmental Management Systems are based on a proactive process for incidents prevention as well as reactive monitoring of performance. Risk assessment is required to be applied to all activities that impact on health & safety, production, asset, environment, and the Company reputation, also this course goes beyond the boundaries of risk assessment and management it helps the participants to create a knowledge in the effective techniques of internal audit.

Course Objective Objectives of Risk Management & Effective Internal Audit

• Learn how to evaluate different types of risk 
• Develop the skills of applying advanced risk assessment techniques relevant to the process industry
• Develop a strategy for planning and implementing risk reduction action plans
• Appreciate the contribution of human error to accidents
• Be able to apply advanced techniques for root-cause analysis for incidents
• Define internal auditing and internal control
• Identify “high-risk” processes—and build control systems that mitigate the risk
• Develop control-based internal auditing recommendations that truly help management meet tactical and strategic objectives
• Audit Evidence and Audit Sampling

Target Audience of Risk Management & Effective Internal Audit

• Risk managers & project managers.
• Members of project offices, project sponsors.
• Functional managers, senior management
• individuals interested Risk Management and Internal Audit

Course Outlines of Risk Management & Effective Internal Audit

Day 1

Quantified Risk Assessment ‘QRA’

• Failure Modes & Effects Analysis ‘FMEA’
• Decision trees and Event Tree Analysis ‘ETA’
• Sources of failure data
• Fault Tree Analysis ‘FTA’
• Quantification of ETA and FTA
• Evaluation of Individual and Societal Risks

Day 2

Advanced Incidents Investigation Techniques

• The human contribution to accidents
• The role of root cause Analysis in identifying management system failures
• Accident investigation techniques
• Latent failure and root causes for incidents
• Techniques for root-cause analysis

Day 3

Internal Auditing and the Business Environment

• Define Internal Auditing
• Identify the Components of an Effective Internal Audit Function
• Define Management Responsibilities of an Internal Audit Function
• Define the Various Types of Internal Audits
• Define Alpha and Beta Audit Risk
• Perform Compliance, Substantive, and Operational Tests
• Calculate Audit Risk
• Discuss the Basic Concepts of Audit Evidence, and their Impact

Day 4

Planning and Conducting Successful Audit Interviews

• Plan Interviews
• Discuss a Framework for Planning, Conducting and Evaluating the Results of Interviews
• Overcome Resistance
• Manage Conflict with Management
• Listen Effectively
• Talk Effectively in a Non-Threatening Environment
• Get to "Yes"
• Understand the Nature of Confidentiality of Information

Day 5

Promoting a positive safety culture

• Introduction to Safety Culture
• Techniques for improving safety culture
• Measuring improvements in safety culture
• Integrating safety culture within the HSE Management System