Introduction

In today’s complex business environment, organizations face increasing uncertainty in delivering projects, programs, and operational activities. Risk management has become a critical discipline to ensure success, resilience, and sustainability. This training program, designed by Global Horizon Training Center, provides participants with advanced knowledge and practical tools to identify, analyze, and mitigate risks across different organizational levels. By integrating risk management principles into projects, programs, and day-to-day operations, participants will be empowered to make informed decisions, enhance efficiency, and safeguard organizational objectives.

Objectives

By the end of this training, participants will be able to:

• Understand the foundations and principles of enterprise risk management (ERM).

• Identify, classify, and prioritize risks in projects, programs, and operations.

• Apply structured methodologies and tools for risk analysis and assessment.

• Develop effective risk mitigation, contingency, and response strategies.

• Integrate risk management frameworks with organizational processes.

• Enhance decision-making by balancing risk and opportunity.

• Monitor, evaluate, and continuously improve risk management practices.

Organizational Impact

Implementing knowledge gained from this program will help organizations:

• Improve resilience and reduce financial, reputational, and operational losses.

• Align risk management practices with corporate strategy and governance.

• Enhance stakeholder confidence through proactive risk planning.

• Increase project and program success rates by mitigating uncertainty.

• Build a culture of accountability and risk-awareness at all organizational levels.

• Ensure compliance with international standards and regulatory requirements.

Target Audience

This program is designed for:

• Project Managers and Program Managers.

• Operations Managers and Risk Officers.

• Senior Leaders and Department Heads.

• Strategy, Governance, and Compliance Professionals.

• Internal Auditors and Quality Assurance Managers.

• Professionals involved in project delivery, operations, or organizational governance who need to strengthen their risk management capabilities.

Outlines

Day 1: Foundations of Risk Management

• Introduction to risk and uncertainty in business.

• Definitions and principles of risk management.

• Risk management frameworks: ISO 31000, COSO, PMI standards.

• Enterprise Risk Management (ERM) vs. Project/Program risk management.

• Risk governance, accountability, and culture.

Day 2: Risk Identification and Classification

• Tools and techniques for risk identification (checklists, brainstorming, interviews).

• Risk categorization: strategic, financial, operational, compliance, reputational.

• Risk registers and documentation best practices.

• Stakeholder perspectives in identifying risks.

• Case study: Identifying risks in a real-world project scenario.

Day 3: Risk Analysis and Assessment

• Qualitative vs. Quantitative risk analysis.

• Probability-impact assessment and scoring models.

• Risk matrix and heat maps.

• Sensitivity analysis, Monte Carlo simulation, decision tree analysis.

• Prioritizing risks for projects, programs, and operations.

Day 4: Risk Response and Mitigation Strategies

• Risk response strategies: avoid, transfer, mitigate, accept, exploit.

• Designing contingency and fallback plans.

• Risk-sharing with partners, contractors, and stakeholders.

• Integrating risk response into project schedules and budgets.

Day 5: Monitoring, Reporting, and Continuous Improvement

• Risk monitoring and control techniques.

• Key Risk Indicators (KRIs) and dashboards.

• Reporting risks to executives and stakeholders.

• Embedding risk management into organizational processes.

• Building a risk-aware culture for sustainable success.