Strategic Risk Management

In today's dynamic business environment, effective risk management is crucial for organizational success. The Strategic Risk Management course provides participants with the knowledge and tools to identify, assess, and mitigate risks that can impact strategic objectives. Through real-world scenarios and practical exercises, attendees will learn to integrate risk management into the strategic planning process, ensuring resilience and competitive advantage.?

Course Details

Price:

$795.00

Days:

Location:

Course Overview

By the end of this course, participants will have a comprehensive understanding of strategic risk management principles and practices. They will be equipped to identify potential risks that could affect their organization's strategic goals, assess the likelihood and impact of these risks, and develop mitigation strategies to address them proactively. Attendees will also learn to integrate risk management into the strategic planning process, fostering a culture of risk awareness and resilience within their organizations.?

1 – Introduction to Risk Management

Risk management concepts
Benefits of strategic risk management
Integrating risk management within the project life cycle
Taking a leadership role in risk management
Understanding stakeholder risk tolerances and attitudes
Developing a risk management plan
Defining risk categories, probability, and impact
Creating a risk matrix
Effective risk communication
Critical success factors for risk planning

Risk Identification

Identifying types of project risks
Critical success factors for risk identification
Stakeholders in the risk identification process
Tools & techniques for identifying risks
Writing accurate risk statements
Developing a practical risk register
Case Study Exercise

2 – Risk Analysis

Qualitative risk analysis overview
Critical success factors for analysis
Assessing risk probability, impact, and urgency
Using the risk matrix effectively
Quantitative risk analysis: when and why
Calculating risk impact
Expected monetary value (EMV) and risk reserves
Decision trees for risk assessment
Monte Carlo simulation & probability distributions
Case Study Exercise

3 – Risk Response Planning

Overview of response planning
Critical success factors for response planning
Risk response strategies and documentation
Tools & techniques for planning responses
Addressing residual and secondary risks
Case Study Exercise

4 – Controlling Risk

Purpose and goals of risk monitoring and control
Understanding the life cycle of a risk
Critical success factors for controlling risks
Using contracts as risk management tools
Tracking risks with the risk register
Executing risk response plans
Case Study Exercise

5 – Risk Closure and Communication

Purpose and objectives of risk closure
Critical success factors for closure and communication
Communicating ongoing risk status
Creating a centralized risk repository: the Corporate Knowledge Base

Class Dates & Times


06/17/2026 Virtual 09:30:00 to 19:00:00 CST Enroll Now $795.00
07/29/2026 Virtual 09:30:00 to 19:00:00 CST Enroll Now $795.00
10/28/2026 Virtual 09:30:00 to 19:00:00 CST Enroll Now $795.00
12/09/2026 Virtual 09:30:00 to 19:00:00 CST Enroll Now $795.00

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