Auditing and Governance Risk and Compliance

Certified Risk Management Professional

This Certified Risk Management Professional course equips participants with essential skills to identify, assess, and mitigate risks in various organisational contexts. The programme focuses on practical applications of risk management frameworks, tools, and techniques to enhance decision-making and strategic planning.

5 days Classroom or live online English

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Download the full standard outline: why attend, methodology, objectives, audience, competencies, the daily outline and current plans.

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Why attend

From knowledge to real-world impact.

Organisations face a myriad of uncertainties that can significantly impact their objectives and operational efficiency. Professionals in risk management must be equipped to identify, assess, and mitigate risks effectively to protect assets and ensure business continuity. This course addresses the critical need for robust risk management strategies that align with organisational goals and comply with regulatory requirements. Participants will learn to navigate complex risk landscapes, making informed decisions that enhance resilience and adaptability in their organisations. By mastering these skills, attendees will be better positioned to contribute to strategic planning and operational success.

The course provides hands-on experience through practical exercises that simulate real-world risk scenarios. Participants will engage in tasks such as analysing risk profiles, developing tailored mitigation strategies, and communicating risk assessments to diverse stakeholders. This immersive approach ensures that attendees can apply their skills immediately, enhancing their value within their organisations. By mastering risk management techniques, participants will improve their ability to anticipate potential challenges and respond proactively, ultimately leading to more effective risk governance and a culture of continuous improvement. This training is essential for professionals who wish to elevate their risk management capabilities and drive organisational success.

Workplace challenges

Professional Problems This Course Is Designed to Solve

The programme explores practical approaches to the following challenges. Results depend on how the learning is applied in your organisation.

Difficulty translating subject knowledge into practical workplace decisions.
Inconsistent approaches to the activities covered in the course outline.
Lack of a structured plan for applying and reviewing new skills.

Course methodology

How you will learn.

The course employs a blend of case studies, interactive workshops, and simulations to foster practical learning. Participants will work on real-world scenarios to identify risks, assess their impact, and formulate management strategies. Each session culminates in the creation of specific risk management documents, such as risk registers and mitigation plans, providing tangible outputs that reinforce learning. Group discussions and peer feedback will enhance collaborative problem-solving skills, while expert facilitation will ensure that participants grasp complex concepts and apply them effectively. This approach not only solidifies theoretical knowledge but also builds confidence in applying risk management practices in their organisations, preparing participants for real-world challenges.

Course objectives

What you'll take away.

By the end of this course, participants will be able to:

Analyse organisational risk profiles using established frameworks and tools to inform decision-making.
Assess the impact of identified risks on business objectives and operational effectiveness.
Design risk mitigation strategies tailored to specific scenarios and organisational contexts.
Prioritise risks based on likelihood, impact, and organisational priorities for effective management.
Construct comprehensive risk management plans for projects and initiatives to guide implementation.
Justify risk management decisions to stakeholders effectively and persuasively to gain support.
Evaluate the effectiveness of implemented risk management strategies and practices for continuous improvement.
Communicate risk management concepts clearly to diverse audiences to enhance understanding.

Target audience

Who should attend.

This course is suitable for:

Risk Managers responsible for organisational risk strategies and frameworks.
Project Managers overseeing risk assessments and mitigation plans in projects.
Compliance Officers ensuring adherence to regulations and standards.
Business Analysts evaluating risk factors in decision-making processes and strategic initiatives.

Target competencies

Capabilities you will build.

Participants will develop competencies in:

Identifying and analysing risks in various organisational contexts.
Developing and implementing effective risk management strategies.
Communicating risk assessments and mitigation plans to stakeholders clearly.
Utilising risk management tools and software effectively in practice.
Integrating risk management into strategic planning and operational processes.
Evaluating the effectiveness of risk mitigation efforts and strategies.

Course outline

Your learning journey.

A focused, practical outline with time to explore, apply and reflect.

Day 1Foundations of Risk Management

Applied activity: Participants will analyse a fictional organisation's risk profile, identifying potential risks and categorising them according to type. They will use a risk matrix to assess the likelihood and impact of each risk, facilitating a comprehensive understanding of the risk landscape.

Output: A detailed risk register outlining identified risks, their assessments, and initial recommendations for mitigation.

09:00–09:54Introduction to risk management concepts, terminology, and importance in organisations.
09:54–10:48Overview of risk management frameworks: ISO 31000, COSO, and other relevant standards.
10:48–11:00Identifying types of risks: operational, financial, strategic, and compliance risks in practice.
11:00–11:30Coffee break
11:30–12:12Identifying types of risks: operational, financial, strategic, and compliance risks in practice. (continued)
12:12–13:06Understanding the risk management process: identification, assessment, response, and monitoring effectively.
13:06–14:00The role of risk culture in fostering effective risk management practices within teams.

Day 2Risk Assessment Techniques

Applied activity: In groups, participants will conduct a qualitative risk assessment for a project scenario, utilising SWOT analysis and risk scoring methods to prioritise identified risks. This collaborative effort will enhance understanding of risk dynamics and team-based decision-making.

Output: A prioritised risk assessment report for the project, including identified risks and their implications.

09:00–09:54Qualitative vs quantitative risk assessment methods and their applications in various contexts.
09:54–10:48Conducting risk assessments: tools and techniques for effective analysis and reporting.
10:48–11:00Utilising SWOT analysis for comprehensive risk identification and prioritisation.
11:00–11:30Coffee break
11:30–12:12Utilising SWOT analysis for comprehensive risk identification and prioritisation. (continued)
12:12–13:06Scenario analysis and its application in assessing potential risks and impacts.
13:06–14:00Risk prioritisation techniques: risk scoring, ranking, and decision matrices for informed choices.

Day 3Developing Risk Mitigation Strategies

Applied activity: Participants will develop a risk mitigation strategy for a high-priority risk identified in the previous day's assessment. This will include contingency plans, resource allocation, and communication strategies to ensure stakeholder buy-in and support.

Output: A comprehensive risk mitigation plan with detailed strategies and communication guidelines.

09:00–09:54Creating risk response strategies: avoidance, reduction, transfer, and acceptance tailored to risks.
09:54–10:48Developing contingency plans for high-priority risks identified in assessments to ensure preparedness.
10:48–11:00Integrating risk management into project planning and execution phases for alignment.
11:00–11:30Coffee break
11:30–12:12Integrating risk management into project planning and execution phases for alignment. (continued)
12:12–13:06Communicating risk mitigation strategies to stakeholders effectively for buy-in.
13:06–14:00Monitoring and reviewing risk management plans for continuous improvement and adaptation.

Day 4Implementing Risk Management Plans

Applied activity: Participants will simulate the implementation of a risk management plan in a fictional project, monitoring risks and adjusting strategies as necessary based on feedback and outcomes. This practical exercise will reinforce the importance of adaptability in risk management.

Output: A report detailing the implementation process, outcomes, and adjustments made during the simulation.

09:00–09:54Best practices for implementing risk management strategies within organisations effectively.
09:54–10:48Tools for monitoring and reporting risks effectively to stakeholders for transparency.
10:48–11:00Engaging stakeholders in the risk management process for better outcomes and collaboration.
11:00–11:30Coffee break
11:30–12:12Engaging stakeholders in the risk management process for better outcomes and collaboration. (continued)
12:12–13:06Evaluating the effectiveness of risk management initiatives and strategies for improvement.
13:06–14:00Continuous improvement in risk management practices and frameworks to adapt to changes.

Day 5Integrated Risk Management Application

Applied activity: Participants will work in teams to create and present a comprehensive risk management strategy for a fictional organisation, integrating all learned concepts and tools. This final project will require collaboration and application of all skills acquired throughout the course.

Output: A presentation and written report of the risk management strategy, demonstrating understanding and application of course concepts.

09:00–09:54Bringing together risk management concepts across different organisational functions for synergy.
09:54–10:48Case study analysis of successful risk management implementations in various sectors and contexts.
10:48–11:00Developing a holistic risk management framework for an organisation to guide practices.
11:00–11:30Coffee break
11:30–12:12Developing a holistic risk management framework for an organisation to guide practices. (continued)
12:12–13:06Collaborative risk management: engaging cross-functional teams in risk discussions and strategies.
13:06–14:00Final project: presenting a comprehensive risk management strategy to peers for evaluation.

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Dates & venues

Find a session that works for you.

Confirmed dates accept registration requests. Tentative dates are enquiry only.

Good to know

A few things to know.

How is the course delivered?

Our classroom programmes combine facilitated discussion, case studies, exercises and reflection. The precise format will be confirmed before enrolment.

Can you deliver this programme for our team?

Yes, you can enquire about a tailored programme. Share your goals, group size and preferred dates with our learning team.

Will I receive a certificate?

Participants who complete the programme receive a Smart Horizon UK certificate of attendance. Smart Horizon UK programmes are not externally accredited and do not award a professional qualification, licence or designation. Where a course title or outline refers to a professional certification (for example, AACE International's Certified Cost Professional), the programme supports learning and preparation only; the credential itself is awarded solely by the relevant professional body under its own application and examination requirements.

What should I confirm before booking travel?

Please confirm the session, exact venue, accessibility arrangements, fees and any visa requirements with the team before arranging travel. Tentative dates are not confirmed sessions.

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