This training course will feature:

• Risk Management Planning
• Operations Context and Risk Boundaries
• Risk Identification
• Risk Analysis & Evaluation
• Risk Response Planning, Implementation & Control
• Applied Operations Risk Simulation

By the end of this BTS training course, participants 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 training course is tailored for all operations professionals and managers who are either involved in, or responsible for, the continuous and safe operability of their facilities. Whether you are engaged as a Plant Manager, Operations Supervisor, Maintenance Technician or any other operational specialist, understanding how to identify, assess and manage operational risk is crucial to both your own daily job tasks and the continued safe operability of the facilities you work in.

This BTS training course is suitable for 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 training methodology will incorporate both theory and skill training components, utilizing traditional lectures, hands-on exercises, group discussions and case studies.

Risk Management Framework and Planning

• 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

Risk Identification Processes

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

Risk Assessment and Quantification Processes

• 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 Response Plan Development

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

Risk Response Implementation & Control

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

BTS attendance certificate will be issued to all attendees completing a minimum of 80% of the total course duration.