Assessing, managing and mitigating risk (MMC01)

How to reduce the possibility and impact of risk within your supply chain  

Is it right for me?  

This course will provide tools, techniques and ideas to help you to recognise and mitigate against  potential risks within your supply chains. It will assist delegates to identify, analyse and evaluate  their organisation’s own areas of resilience and vulnerability, as well as providing guidance on how  to implement risk prevention strategies.  

What will I learn?  

By the end of this course you will be able to:  

∙ Identify common areas of resilience and vulnerability 

∙ Use different tools and techniques to identify different risks and the most appropriate response 

∙ Assess the risk and its impact on your organisation, project or contract and develop appropriate risk management strategies 

∙ Create approaches to ensure risk is mitigated and ethical practice is adopted 

What key points will the training cover?  

∙ Benefits of risk management and the impact of inaction 

∙ Risk identification and main categories of risk 

∙ Risk management cycle 

∙ Strategic risk planning 

∙ Mitigation strategies