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Introduction to Risk Management Tools

Introduction to Risk Management Tools

Objective of the Training

This interactive 2-hour session is designed to introduce participants to some standard tools used for proactively identifying, analyzing, and prioritizing both negative and positive potential risks. In addition, the training aims to teach participants how to prepare for and conduct a risk assessment workshop, as well as to familiarize them with different types of standard risk assessment matrices.

Training Content

·        Overview of the session's goals and the importance of risk management in product development and engineering.

·        What Is Risk Assessment?

·        Murphy's Law.

·        Risk Assessment Matrix Tools.

·        How to Successfully Organize a Risk Assessment Workshop.

·        Why Organize a Risk Assessment Workshop.

·        How to Prepare the Workshop.

·        What Makes a Workshop Successful.

·        Analyzing Results and Tracking Actions.

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