Managing Risk - for business leaders and project managers

Description

From the author of 'Create a Resilient Project Management and Delivery Culture', 'Moving Back to the Future', and 'The 4 Steps of Powerful Coaching'

Risk Management is a discipline which must be applied throughout your projects and business operations.

This course tackles the discipline of Project Risk Management hand-in-hand with Enterprise Risk Management. PRM and ERM are essential for building competitive, agile, responsive, and resilient companies in the new business environment.

Disciplined Project Risk Identification, Risk Management, Risk Mitigation, and regular Risk Assessment is essential in any kind of project. This course addresses Project Risk Management with practical examples from across industries.

We learned a lot during the pandemic about Enterprise Risk Management (ERM).  We learned that we didn't know enough, do enough, and prepare enough!

After this course, you will be able to:

• Increase project success by including Enterprise Risk Management in your project risk assessment,

• Communicate new threats identified or arising from your project activities and products to your ERM lead,

• Demonstrate strategic insight to your Board and executives,

• Impress your stakeholders with your understanding of ERM,

• Open up new career opportunities

Project Risk Management ERM is essential to running any business - from the solopreneur to small business owner to Enterprise Risk Managers. In fact, you can apply it to any social influencer, YouTuber, or podcast creator.

Everybody trying to earn a living or make billions must apply the business-level risk assessment of threats from Politics, Economy, Society, Technology, and Environment.

“The best possible plan today is merely a strawman needing near-continuous recalibration and change.” McKinsey Risk Practice 5/21/2020

Organisations operate in the most uncertain of environments. Uncertainty means unpredictability, and that involves risk. Managing risk at the enterprise level includes social, political, commercial, operational, regulatory, competitive, technical, and environmental risk categories.

A working definition of Enterprise Risk Management (ERM) is ‘the methods and processes used by organisations to manage risks and seize opportunities related to the achievement of their objectives.’ (Wikipedia, June 2020)

During and after the 2020/21 pandemic peak, manufacturing, food distribution, and medical supplies were severely disrupted. Social distancing rules caused many small businesses to close. Billions of dollars have been redirected from public sector projects or borrowed from the treasury to support health services. Government financial assistance was keeping companies afloat. As we came out of the lockdowns, the marketplace had changed in many ways, and our enterprises must redefine and reposition themselves.

This includes not only strategy, but Enterprise Risk Management like never before.

Join me on this short, sharp, and effective overview of ERM.

You can improve your learning experience by completing the PESTLE worksheet for a business you know as you go through each topic.

What You Will Learn!

• Apply the principles of Enterprise Risk Management to every size and types of business to focus on threats you can anticipate, and minimise exposure to others
• Apply the principles of Project Risk Management incorporating not only traditional Project Risk Assessment but also incorporating Enterprise Risk in your review
• Develop your Enterprise Risk Management plan (no matter how small your business)
• Teach other stakeholders about the PESTLE model for analysing business risk
• Implement your Project Risk Management plans with the appropriate rigour depending on the probability of enterprise and project risks and the impact if occuring
• Demonstrate that you are in control to your project board and broader stakeholder population through clear communication of project risks and their status

Who Should Attend!

• This course is recommended for undergraduate students of business, politics, economics, sociology, technology, law and environmental sciences
• Project support officers, PMO leaders, Project and Programme Managers and departmental managers will benefit greatly from this primer
• Entrepreneurs, operations, production and business managers will gain fresh perspective on risks to their area of business
• Company boards, departmental executives, and project board members such as the SRO, senior user, and senior suppliers will be empowered to support their project managers risk initiatives
• Candidates for Project Management Certification such as PRINCE2, PMP, CAPM, Agile, P3O will find the course adds greatly to their interpretation of study topics related to Risk.

TAKE THIS COURSE