Finance & supply chain · Short course
Risk Management
Identifying uncertainty, assessing its implications and choosing appropriate responses.
The programme
Programme overview
Expanded indicative outline. The subject areas are described below; proposed activities and final delivery requirements are confirmed with Ratomac before booking.
Identifying uncertainty, assessing its implications and choosing appropriate responses.
The programme brings together risk identification, risk assessment, risk treatment and monitoring. The expanded outline below shows how these areas can be explored through explanation, discussion and the preparation of relevant work products.
A proposed workshop runs through the programme: A team maintains a risk list but has not linked it to objectives or assigned control owners. Participants would examine the situation in stages, use the information provided and explain the basis of their decisions. The workshop is fictional and can be adapted when the final training plan is agreed.
Who should attend
Is this programme for you?
This outline is relevant to the following roles. Suitability and any formal entry requirements should be checked for the selected programme.
- Managers, risk coordinators and operational staff.
- Individuals preparing to take on responsibilities in this area.
- Teams seeking a shared approach to the work described in the programme.
Purpose of the learning
Intended learning outcomes
- Identify risks against a specific business objective.
- Assess the fictional risks using defined criteria.
- Select responses and assign responsibility for controls.
- Prepare a risk review that distinguishes changed exposure from completed actions.
- Combine the module outputs into a reasoned response to the programme’s workplace scenario.
5 learning blocks
Detailed programme outline
01Risk identification
This part of the programme examines risk identification, with attention to objectives and sources of uncertainty. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Objectives.
- Sources of uncertainty.
- Applied work: identify risks against a specific business objective.
Illustrative practical exercise
Identify risks against a specific business objective. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
02Risk assessment
This part of the programme examines risk assessment, with attention to likelihood, consequences and priorities. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Likelihood.
- Consequences.
- Priorities.
- Applied work: assess the fictional risks using defined criteria.
Illustrative practical exercise
Assess the fictional risks using defined criteria. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
03Risk treatment
This part of the programme examines risk treatment, with attention to control options and assigned responsibilities. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Control options.
- Assigned responsibilities.
- Applied work: select responses and assign responsibility for controls.
Illustrative practical exercise
Select responses and assign responsibility for controls. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
04Monitoring
This part of the programme examines monitoring, with attention to risk registers and reviewing effectiveness. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Risk registers.
- Reviewing effectiveness.
- Applied work: prepare a risk review that distinguishes changed exposure from completed actions.
Illustrative practical exercise
Prepare a risk review that distinguishes changed exposure from completed actions. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
05Integrated workplace workshop
A team maintains a risk list but has not linked it to objectives or assigned control owners. The final workshop connects the earlier work rather than treating each topic as an isolated activity.
Topics to explore
- Bring together the outputs from the earlier modules into one coherent response to the scenario.
- Check that the recommendation addresses the original problem and is supported by the information available.
- Identify responsibilities, dependencies and matters that require specialist input or further evidence.
- Present the proposed response and revise it after questions from the facilitator and other participants.
Illustrative practical exercise
Prepare a concise presentation for the fictional organisation. Include the proposed response, the evidence supporting it and the decisions still required. Finish with a reflection on which aspects could be relevant to your own work.
From discussion to application
How the programme could be delivered
The proposed learning approach combines facilitator-led explanation, discussion of the subject areas and guided work on the fictional scenario. Each module produces a practical output that can be reviewed and improved.
Participants can work individually or in small groups to compare interpretations, explain their decisions and identify missing information. Feedback focuses on the connection between the task, the evidence used and the proposed response.
The final workshop brings the module outputs together. Ratomac will confirm the delivery format, learning resources, entry requirements and any formal assessment or certification arrangements for the selected programme.
Discuss your requirements
Dates, duration & arrangements
Contact Ratomac to agree the final programme, duration and delivery format. Include your preferred timing, location and whether the enquiry is for yourself or a team.
Discuss this programme ↗Indicative outline for discussion. The final syllabus is agreed with Ratomac before booking. The expanded learning activities and workplace scenario are original proposals for discussion with Ratomac.