Risk Management Training | Risk Management Black Belt Training in Moncton

Risk Management Black Belt Course Outline

Module 1: Introduction to Risk

• Defining Risk
• Risk Outcomes
• Definitions
• Positive Vs Negative Risk
• How Do You Describe a Risk?
• Risk Description
• Types of Risk
  • Market Risk
  • Credit Risk
  • Operational Risk
  • Strategic Risk
  • Liquidity Risk
  • Hazard Risk
  • Compliance Risk
  • Financial Risk
  • Reputational Risk
• What is Risk Management?
• Why Have Risk Management?
• Risk Management Process
• Where and When Should Risk Management Be Applied?
• Communication Throughout the Process
• Risk Communications Plan and Matrix
• Enterprise Risk Management
• Integrating Across Perspectives
• Why is Risk Management Important?
• Effective Management of Risk
• Decision Making and Making Changes
• Common Barriers to Risk Management
• Corporate Governance and Internal Control
• What Makes Risk Management Worthwhile?
• Measuring the Value of Implementing Risk Management
• Risk Management Culture
• Assessments and Control of Risk Management
• Embedding and Reviewing Your Risk Management Approach
• Changing the Culture for Risk Management
• Embedding a Risk Culture
• Role of a Risk Manager

Module 2: Risk Management

• Risk Management Process
• Checklist Analysis
• Checklists and Prompt Lists
• SWOT Analysis
• Prompt Lists
• Interviewing and Brainstorming
• Delphi Technique
• Root Cause Analysis
• Risk Management Tools
• PESTLE Analysis
• Force Field Analysis
• Failure Mode and Effect Analysis
• Maximum Probable Loss
• Value-at-Risk
• Frequency of Loss
• Risk Response Tools and Techniques
• Contingency Response Plans
• Monitoring and Controling Tools and Techniques

Module 3: Risk Analysis

• Introduction
• Qualitative and Quantitative Risk
• Tools and Techniques
• Sensitivity Analysis
• EMV Analysis
• Decision Tree Analysis
• Monte Carlo Analysis
• Risk Probability
• Impact Scales
• Risk Impact/Probability Chart

Module 4: Risk Monitoring and Control

• Documenting Risk
• Contingency Strategy
• Contingency Response Plans

Who should attend this Risk Management Black Belt Course?

The Risk Management Black Belt Training Course is a comprehensive training course that teaches the principles and practices of Risk Management. This course can be beneficial for a wide range of professionals, including:

• Project Managers
• Business Analysts
• Compliance Officers
• Security Professionals
• Insurance Professionals
• Environmental Professionals
• Healthcare Professionals

Prerequisites of the Risk Management Black Belt Course

There are no formal prerequisites for this Risk Management Black Belt Training Course.

Risk Management Black Belt Course Overview

The Risk Management Black Belt Training Course is designed to bestow delegates with a detailed understanding of the principles and techniques essential to the subject. With increased business complexities, every professional in every industry must fathom this—not just for its importance but for something far deeper.

Maturity is very important in risk management for professionals of all domains, including Project Management. This area may open the doors toward a very bright career for those who want to develop expertise in it. Project managers, risk analysts, and professionals working for high-risk industries are the best candidates to use risk management.

This intensive 2-day training by The Knowledge Academy aims to equip delegates with comprehensive knowledge and practical tools that will aid in effectively identifying, assessing, and mitigating the risks. Delegates will have thorough insights into the latest methodologies and best practices to be in the best place in the proactive management of risks, bolster project management, and confidently manoeuvre complex challenges.

Course Objectives

• To understand the fundamentals of Risk Management and its applications in various industries
• To learn to identify and assess risks systematically
• To develop strategies for effective risk mitigation and contingency planning
• To master risk communication and reporting techniques
• To gain proficiency in risk monitoring and control

After completing the Risk Management Black Belt Course, delegates will be equipped with the knowledge and tools to excel in their respective fields, whether it's Project Management or other high-stakes industries. They will have the confidence and skills to navigate complex challenges, make informed decisions, and contribute to the success of their organisations.

What’s included in this Risk Management Black Belt Course?

• Risk Management Black Belt Examination
• World-Class Training Sessions from Experienced Instructors
• Risk Management Black Belt Certificate
• Digital Delegate Pack

Risk Management Black Belt Exam Information 

To achieve the Risk Management Black Belt, candidates will need to sit for an examination. The exam format is as follows: 

• Question Type: Multiple Choice 
• Total Questions: 30 
• Total Marks: 30 Marks 
• Pass Mark: 65%, or 19/30 Marks 
• Duration: 60 Minutes