Risk Plans & Register
Every organization must manage risk strategically. This course builds capability in developing structured risk plans and practical risk registers.
- Create, implement, and maintain effective Risk Management Plans
- Design and populate risk registers aligned with ISO 31000
- Develop treatment and mitigation strategies
- Improve reporting and decision-making based on risk data
- Risk coordinators and officers
- Internal auditors and compliance leads
- Project and site managers
- Departmental heads and team leaders
This interactive training course includes the following training methodologies as a percentage of total tuition hours:
- Lectures
- Workshops, work presentations ,
- Group Work in case study & Practical Exercises.
- Videos and general discussions
- Pre-Test and Post Test
Course Outline
Risk Management Planning – Principles & Structure
Objective: Understand the fundamentals of risk planning and its role in organizational success.
- Introduction to Risk Management Planning
- Components of a Risk Management Plan (RMP)
- Linking risk planning to strategic objectives
- Regulatory standards (ISO 31000, PMBOK, COSO, API RP 75)
- Types of Risk: Strategic, Operational, Financial, Compliance
- Stakeholder identification and governance structure
Workshop: Draft the introduction and scope of a Risk Management Plan
Building the Risk Management Plan (RMP)
Objective: Develop the detailed content of a full risk plan.
- Setting risk criteria: Likelihood, impact, risk matrix
- Defining roles & responsibilities
- Risk identification methods: HAZID, SWOT, FMEA, audits
- Evaluation methods: Qualitative, semi-quantitative, quantitative
- Risk treatment strategies (Avoid, Reduce, Transfer, Accept)
- Integration with business continuity and emergency response
Workshop: Build a complete draft of a Risk Management Plan for a sample scenario
Designing & Populating the Risk Register
Objective: Learn to structure and maintain a dynamic risk register.
- Purpose and benefits of a risk register
- Core components of a register
- Risk ID, description, category
- Likelihood & impact ratings
- Risk owner, mitigation plan, status
- Creating scoring systems (1–5 scale, heat maps, RPN)
- Identifying residual risk and control effectiveness
- Register formats: Excel, SharePoint, Risk software
Workshop: Create a risk register from scratch based on real-world risks
Risk Tracking, Monitoring & Reporting
Objective: Establish systems for ongoing risk oversight.
- Risk monitoring and review process
- Key Risk Indicators (KRIs) and audit trails
- Using dashboards and risk heat maps
- Escalation paths and status reporting
- Reporting for executives, regulators, and boards
- Integrating register updates with performance reviews
Workshop: Build a simple dashboard and simulate a live risk review session
Integration, Practice & Final Assessment
Objective: Apply learned concepts in a practical, end-to-end simulation.
- Final integration: linking risk plan with the register
- Risk culture: how to drive engagement and ownership
- Practical case study: Enterprise or project risk setup