Risk Management
Risk work that changes decisions rather than filling a register. Covers identification, both qualitative and quantitative assessment, and response planning with the money and authority attached.
What it covers
Framework and appetite
Risk policy, appetite and tolerance, and how thresholds turn into escalation rules.
Identification
Structured techniques — checklists, assumption analysis, pre-mortems, and interviews — and how to surface risks nobody wants to name.
Qualitative assessment
Probability and impact scales that mean the same thing to different people, and the limits of a heat map.
Quantitative assessment
Expected monetary value, decision trees, three-point estimates, and Monte Carlo simulation of cost and schedule.
Response strategies
Avoid, reduce, transfer, accept — and for opportunities, exploit, enhance, share. Costing a response against the exposure it removes.
Contingency and reserves
Sizing contingency from the analysis rather than by percentage, and who is allowed to draw on it.
The register in practice
Wording a risk as cause, event, and effect; assigning owners; keeping the register short enough to be read.
Monitoring and review
Review cadence, trigger conditions, closing risks honestly, and reporting exposure over time.
Who it's for
Project and program managers, risk officers, and anyone who owns a risk register or sits on a body that reviews one.
What's included
- Facilitator slide deck with speaker notes
- Participant workbook and exercise pack
- Templates and worked examples in editable format
- Case studies for group work
- Knowledge checks and end-of-module questions
- Trainer guide with timings and suggested agendas
On completion, participants can
- Run a structured identification workshop and produce a usable register
- Quantify a cost or schedule risk and size contingency from the result
- Select and cost a response strategy against the exposure it removes
- Report changing exposure to a governance body