Risk Based Operational Decision Making

Introduction

This Risk Based Operational Decision Making training course addresses the unavoidable contradiction of current management: Without Risk there is No Profit nor achieved objectives, but With Risk there May Be No Organization, nor Assets. By attending this training course, you will be able to prepare for, and manage, in circumstances where foreseen and/ or unforeseen risks may be serious or even catastrophic, but are a normal backdrop to operations, and have to be managed well within operational decision making.

During this training course on Risk Based Operational Decision Making you will learn about the operational decision making process, and the common shortfalls and inadequacies in the treatment of risk, as well as how to do it well. You will also have the chance to learn from case studies, that show good, and not so good, practice. This training course will enable you to gain insight and confidence, and improve decision making, that is often conducted poorly, but if applied coherently and rigorously in relation to the treatment of risk, can contribute extensively to performance and competitiveness of operations, and the whole organization.

This GLOMACS Risk Based Operational Decision Making training course will highlight:

• What is Risk Based Operational Decision Making, how it differs from common management decision making and how to avoid bad practices
• The place of international standards and best practices
• The implementation framework for Risk Based Operational Decision Making, what works & doesn’t work and why
• Key roles and responsibilities
• How to build the necessary cultural and system elements supporting effective & efficient Risk Based Operational Decision Making