Course Description

 

The importance of risk management can hardly be overstated. Awareness of risk has increased as we currently live in a less stable economic and political environment. The purpose of this risk management training course is to provide managers with a solid understanding of business risk and how to manage it.

 

Course Content:

·         Why risk is a more important management concern

·         Understanding the regulatory environment

·         The role of risk management and the risk manager in the modern organization

·         Risk in business decision making

·         Principal tools: self-assessment, mapping, indicators, Escalation triggers, Loss event  database; enterprise risk management

·         Creating a risk management framework

·         Benchmarking processes

·         Identifying the factors involved in environmental, reputational, project and operational risk

·         How psychological, personal and ethical issues impact risk management

·         Risk management and corporate governance 

 

Course Objective

 

 

This risk management training course looks at risk from different perspectives and analyses the possibilities for managing it in each situation. It focuses primarily on operational, project, and reputational risk management.

Who Should attend?

 

This course is aimed at all Personnel involved in loss control and accident prevention. The program is based on multi-disciplinary approach, which includes all personnel from Senior Management to Supervisors.

Course Outline

 

Day 1:

Introduction to Risk Assessment

·         Course introduction: delegate and tutor introductions; course objectives

·         Introduction to HSE Management Systems

·         Integrating risk assessment within Risk Management

·         Semi-quantitative risk assessment techniques- machinery based

·         The task-based approach to risk assessment

·         Syndicate exercise: Working in small groups

·         Feedback and review of day 1.

 

Day 2:

Hazard & Operability Studies ‘HAZOP’

·         Introduction to hazards identification and analysis techniques

·         Techniques for hazard identification and analysis- HAZOP

·         Syndicate exercise- application of HAZOP to relevant processes

·         Planning and implementing within risk management system

·         Report back and review of day 2

 

Day 3:

Analysis of the Consequences

·         Introduction into reliability technology

·         Failure Modes and Effects Analysis ‘FMEA’

·         Failures of Permit-to-work systems: video presentation on Piper Alpha

·         Analysis of the consequences- mechanics of fire, explosion and toxic releases

·         Role of Fault Tree Analysis to identify how accidents can happen

·         Group exercise on FTA

·         Report back and review of day 3

 

Day 4:

Human Factors and Reliability

·         Introduction to human factors and human error

·         Hierarchical task analysis ‘HTA’

·         Task-based HAZOP: Application to critical activities onshore and offshore

·         Working in small groups on task-based HAZOPs

·         Report back

·         Integrating human factor within HSE management system- The Bhopal disaster

 

Day 5:

Quantified Risk Assessment ‘QRA’

·         Introduction to Quantified Risk Assessment ‘QRA’

·         The role of Event Tree Analysis in scenario development

·         The role of Fault Tree Analysis for multi-causation analysis

·         Applications for ETA and FTA

·         Case Study: Working in small groups on accident analysis

·         Preparation of action plans, planning and implementing

·         Report back and discussion

·         Personal action plans, program review and the way ahead.