Operations Risk Management

Introduction

Provides tools and techniques to identify, assess, and manage operational risks in high-risk environments.

Objectives

· Identify operational risks

· Apply risk assessment tools

· Reduce operational incidents

· Strengthen risk controls

Target Audience

· Operations Managers

· Risk Officers

· Supervisors

· Engineers

Course Outline (5 Days)

Day 1: Risk Management Concepts

· Risk definitions

· Operational risk types

· Risk frameworks

· Risk ownership

Day 2: Risk Identification

· Hazard identification techniques

· Process risk mapping

· Operational scenarios

· Risk registers

Day 3: Risk Assessment

· Risk matrices

· Likelihood and consequence analysis

· Risk prioritization

· Documentation

Day 4: Risk Control

· Preventive controls

· Mitigation strategies

· Monitoring effectiveness

· Escalation processes

Day 5: Continuous Risk Improvement

· Incident learning

· Risk reviews

· Audits and inspections

· Continuous improvement