DESCRIPTION:

Risk is defined as exposure to the chance of loss. To a Project Manager, this is the world of project life. Every project experiences risk; but how risk is understood, identified and managed can help pave the way to success.

This practical, hands-on program will give you the techniques to understand, define and identify risks to your projects. You’ll also learn to consider the total costs of risk in relation to your projects and real solutions to handle and mitigate project risk. If you’re involved in projects, you cannot afford to miss this program. You'll gain a fundamental understanding of the Risk Management Process and how it applies to your work.

LEARNING POINTS:

• Gain skills to identify and define risk to projects
• Understand how to respond to different project threats
• Develop strategies for planning for and mitigating risk

DESIGNED FOR:

This course will benefit anyone in production, marketing, project management, finance, business analysis, management, accounting, engineering and R & D who wish to increase their understanding of this key business skill.

OUTLINE:

1. Risk
   1. Types
   2. Six classes of risk
   3. Risk management defined
   4. Sources of internal risk
   5. Sources of external risk
   6. Basic tenets of risk
2. Objectives of Risk Management
   1. Before loss
   2. During loss
   3. After loss
3. Cost of Risks
4. Logical Classifications of Risk
   1. Property
   2. Human resources
   3. Liability
   4. Net income
5. Risk Analysis
   1. Qualitative
      1. Risk assessment
      2. Financial assessment
      3. Loss Data assessment
   2. Quantitative Analysis
      1. Loss projections
      2. Cash discounting/net present values
      3. Cost benefit analysis
      4. Costs of risks calculations
6. Frequency and Severity
   1. Define
   2. Correlation and decision
7. Risk Control
   1. Pre loss
   2. Post loss
   3. Risk identification methods:
      1. Checklists
      2. Flowcharts
      3. Insurance policy analysis
      4. Physical inspection
      5. Net income
      6. Financial statement analysis
      7. Compliance review
      8. Contract identification and analysis
      9. Policy and procedures review
      10. Experts
8. Risk Financing
   1. Retention
   2. Transfer
      1. Non-insurance transfer
      2. Insurance
9. Risk Taking Nature and Ability
   1. Tolerance for risk
   2. Retention amounts
10. Risk Management Administration 

LOCATION:

Risk Management will be held in the CMD Training Center in the Woodman Alumni Building on the Wichita State University campus in Wichita, Kansas.   

General Information for Nearby Accommodations

Candlewood Suites
3141 N Webb Rd
Wichita, Kansas 67226
(316) 634-6070

Courtyard by Marriott
2975 N Webb Rd
Wichita, Kansas 67226
(316) 636-4600

Hilton Garden Inn
2041 N Bradley Fair Pkwy
Wichita, Kansas 67206
(316) 219-4444

Residence Inn
1212 N Greenwich Rd
Wichita, Kansas 67206
(316) 682-7300