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Risk & Opportunities Assessment Training

Disclaimer:
This training topic is currently available for in-house sessions only, with a minimum requirement of 5 participants. Public program sessions are not available at the moment. The public program date will be announced when scheduled.

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Course Overview

Risk & Opportunities Assessment Training

Risk & opportunities assessment training teaches teams to proactively identify business threats and capitalize on positive impacts. It aligns your operations with ISO standards like ISO 9001 through risk matrices, root cause analysis, and mitigation planning. It ultimately helps your organization minimize liabilities and seize strategic advantages.

Course Objectives

Upon completion of this programme, participants will be able to:

  • Understand ROA requirements and purpose.
  • Identify risks and opportunities in their processes.
  • Assess and prioritize risks.
  • Define appropriate risk treatment actions.
  • Update and maintain ROA effectively.
  • Support ISO 9001:2015 QMS improvement.

 

Learning Outcomes

Participants will be able to:

  • Understand the requirements and purpose of Risk & Opportunities Assessment (ROA).
  • Identify risks and opportunities within organizational processes.
  • Assess and prioritize risks using appropriate techniques.
  • Develop suitable risk treatment and mitigation actions.
  • Maintain and update Risk & Opportunities Assessment documentation.
  • Support continual improvement of the ISO 9001:2015 Quality Management System.

 

Training Methodology

  • Power Point
  • Question & Answer
  • Workshop
  • Role Play
  • Brainstorming

 

Who Should Attend

This training is applicable to:

  • Supervisors
  • Officers
  • Engineers
  • Managers of various departments in manufacturing sectors

 

Course Details

Course Title

Risk & Opportunities Assessment Training

Duration

1 Day

Training Type

Public Programme / In-House Training

Course Content

Module 1: Introduction – Risk & Opportunities Assessment & Purpose

  • Definition of risk as potential future events or developments that could lead to a negative deviation from targets.

Module 2: Risk Identification & Analysis

  • Risk Identification and Assessment
  • Key Risk Indicators
  • Attitudes / reaction towards risks
  • Identifying risk – Identification practice and techniques
  • Identifying tools
  • Risk Analysis of Potential Frequency and Gravity (severity) of losses
  • Selection & Implementation of the most appropriate Risk Management Technique

Module 3: Risk & Uncertainties

  • Risk & Uncertainties Analysis
  • Degree of risk & classifying risk
  • Risk management

Module 4: Setting Risk Management Objectives

  • Identifying and establishing the objectives of Risk & opportunity Management Programme
  • Organizing the Risk & opportunity Management Programme & Plan

Module 5: Risk & Opportunity Management Process

  • The Risk & opportunity Management Process
  • Risk Management Plan
  • Duties and Roles of a Risk Manager
  • Monitoring and Reviewing the Risk Management Process
  • Risk Management Tools
  • Cost and Benefits of Risk Management

Module 6: Risk Management Analysis & Continuous Improvement Programs

  • Using data of Risk Assessment Analysis for continuous improvement programs

Module 7: Examples and Q&A

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