Operations, Risk Management
and Mitigation

Effective risk management is crucial for any successful operation. It involves not only seizing opportunities and minimizing threats but also optimizing results. Unfortunately, risk management is often handled reactively or overlooked entirely.

In this Operations Risk Management and Mitigation training course, you will explore a proactive approach to managing both risks and opportunities. You will learn a proven 6-step methodology that covers risk planning, identification, analysis, and control.

This Anderson training course is designed to help operations teams and businesses accurately identify, quantify, and mitigate risks that could disrupt or derail their operations. The content is relevant for all industry sectors where operations are central to business success and require formal risk management strategies. The course is tailored for professionals responsible for the effective delivery and continuity of these operations.

The training is grounded in the latest PMBOK 6th Edition and incorporates the principles of ISO 31000:2009 (“Risk Management - Principles and Guidelines”) and ISO 31010:2009 (“Risk Assessment Techniques”).

By attending this Anderson training course, delegates will be able to:

• Develop an overview of the Risk Management Process
• Learn to identify risks that affect operational safety, time, cost and quality
• Apply useful techniques to identify, analyse and mitigate risks throughout the operations life-cycle
• Learn how to create an effective risk monitoring plan and risk management strategies
• Use a practical, six-step process to manage operations risks
• Develop a risk management budget based on Expected Monetary Value (EMV)

This Anderson training course is suitable to a wide range of professionals, but will greatly benefit:

• Operations team leaders, supervisors, section heads and managers
• Business and operations professionals who have an interest in risk management
• Maintenance managers, engineers and technicians
• Technical professionals involved in operations start-up, maintenance and shut-down
• Business administrative, procurement and support staff
• All personnel involved in carrying out operations work assignments

• The Six Risk Management Processes
• Purpose & Benefits of Risk
• Responsibilities in Risk Management
• Integrating Risk Management into the Operations Management Process
• Risk Management Planning
• Risk Planning Process

• Operations Context & Stakeholders
• Risk Identification Inputs
• Risk Identification Tools & Techniques
• Consequential Risk Identification
• Risk Identification Outputs
• Risk Planning & Identification Exercises

• Operations & Maintenance Estimating Techniques
• Schedule Diagramming - Critical Path Method (CPM)
• Program Evaluation & Review Technique (PERT)
• Qualitative Risk Analysis
• Quantitative Risk Analysis
• Risk Assessment Exercises

• Risk Prioritisation
• Risk Response Strategy Guidelines
• Response Strategies for Threats & Opportunities
• Response Planning & Analysis
• Alternative Responses & Response Validation
• Risk Response Planning Exercises

• Risk Control Guidelines
• Risk Control Inputs
• Risk Control Tools & Techniques
• Risk Control Outputs
• Risk Reporting & Documenting
• Risk Management Simulation

Anderson Certificate of Completion will be provided to delegates who attend and complete the course