Reducing Risk

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The module in a nutshell

It is very rare for problems to be completely unexpected; usually a similar type of problem has occurred in the past. Of course ‘Stuff happens’, as they say, but risk isn’t bad—of itself. The problems arise when we fail to foresee risk, plan for it, or manage it. Conversely, if we can manage our way through risky projects we can earn very good rates of return. The ability to take on risk and overcome it are arguably two of the most important attributes of a good manager.

The aim and outcomes of the module

The aim of this module is to provide participants with ways of identifying, planning and managing the risks associated with undertaking an improvement or other type of transformation project. To achieve this aim it:

• discusses different types of risk and their origins within a project context
• examines ways of assessing the impacts of risk
• suggests ways of contingency and mitigation planning

Who Reducing risk is for

This module is designed to be applicable to members of improvement teams and those responsible for managing projects. It complements the contents of other in the Process Transformation Programme modules that deal with the Minimize cost core objective, equally it can be successfully studied on its own.

What’s in Reducing risk

The module covers the following topics:

• the importance of managing risk in projects and operations
• techniques for identifying risk
• assessing and prioritizing risks
• preparing a risk assessment report
• the FMEA approach
• risk reduction and planning
• preparing the risk action report
• risk monitoring, controlling and reporting

Important other information

Duration: Reducing risk lasts for one day and can be used by itself or in combination with other modules in the Process Transformation Programme.

Location: Ideally a room close to the workplace of participants, though it can be run off-site effectively.

In common with other modules in the Process Transformation Programme the module is designed to run successfully with between 8 to 18 participants.

Price: As a stand-alone module, £2,500 inclusive of all materials. This price does not include expenses which are charged at cost..

Contact for more information:

Karen Dunn
Burge Hughes Walsh
Suite 13b
Castle Mound Way
Central Park
Rugby CV23 0UZ

Telephone: 01788 550015
email: kdunn@burgehugheswalsh.co.uk