Risk Management
Procurement Training- RISK MANAGEMENT
Although risk management is embedded in most organization’s processes, managing procurement risks require fresh thought as well as good process. This workshop seeks to promote practical approaches to managing risk in the procurement process.
Programme Outline
- What is good practice? AS 4360 and the basics of risk management
- Risk analysis; the procurement process and what can go wrong at different phases
- Risk analysis; processes to help identify risks in different categories and different markets
- Risk assessment; scaling the key dimensions of risk impact- consequences and duration
- Qualitative approaches to risk scaling
- Quantitative approaches to risk scaling
- Risk management; how can we treat risk?
- Risk transfer and the limitations to transferring risk to suppliers
- Residual risk; what can we do to manage residual risk
- Cultural factors that affect an organisation’s risk tolerance or risk aversion.
Benefits to the delegate
By the end of the workshop, delegates will be able to:
- Compare and contract different approaches to risk management
- Apply a robust process for the identification of the various sources of risk that may affect your organization,
- Analyse and evaluate their probability and potential impact of risk to your organization
- Develop suitable strategies to monitor and mitigate risk through appropriate risk management.
Benefits to the organisation
The sponsoring organisation will benefit through:
- A structured and rigorous process ensuring better risk management practice
- Improved operational efficiency
Dates & Locations
There are currently no Risk Management courses scheduled.