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Protecht Academy

Strategic and project risk management.

Understanding how to integrate risk management into all stages of strategic decisions, from the upfront decision, execution of projects, and final delivery into operations.

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This course is aimed at risk practitioners who want to gain an understanding of risks associated with strategy, projects and change with an in-depth look into the tools to analyse these risks.
 
In this course, we cover the different stages of strategic decisions, from the upfront decision, execution of projects, and final delivery into operations. We consider the different stages of risk throughout these transitions, and provide tools and techniques to integrate strategic and project risks into a broader risk framework.
 
We walk through the process of future risk assessments to ensure that not only is the project executed well, but that surprises are not delivered in new operating models.

 

Course description

In this course, you'll learn:

  1. The need for better strategic and project risk management
    • Objectives and the risk / reward pyramid
    • Strategic objectives versus operational objectives
    • Common problems in managing strategic risk
    • Benefits of effective strategic and project risk management

  2. Understanding the risk in strategy and change
    • Relationship between strategic decision, execution and delivered risk
    • Process of change
    • Strategic risks as part of a risk taxonomy

  3. Strategic decision risk
    • Analysing drivers of suboptimal decisions with risk bow tie analysis
    • Differentiating upfront decision risk and ongoing decision risk
    • Identifying the drivers of ongoing decision risk
    • Factoring in environment al drivers (e.g. Competitor behaviour, customer behaviour, technology disruption, regulatory change etc.)
    • Decision tools to make optimal risk/reward decisions
    • Key controls to manage decision risks

  4. Risk-based decision making
    • An overarching decision making process
    • The can I / should I test
    • Introduction to decision tools

  5. Strategic execution risk
    • Identifying project execution objectives of time, cost and quality 
    • Understanding the drivers of execution risk using bow tie analysis
    • Controls over execution risks

  6. Strategic delivered risk
    • Common problems with delivered risk
    • Identifying the business as usual risks that will be materially impacted by the change
    • Carrying out a future state risk assessment and responding to that assessment
    • Keeping the delivered risk assessment current and factoring in change requests
    • Benefits realisation risk
    • The importance of the post implementation review
    • Factoring learnings back into the risk management process

  7. Strategic and project risk as part of enterprise risk management
    • Applying the ISO 31000 process to strategic risks
    • Integrating strategic risks into an enterprise risk management framework
    • Applying common risk processes to strategic risks
      • Risk and control self-assessments
      • Key risk indicators
      • Controls assurance
      • Incident management
      • Issues and actions
      • Risk in change

  8. Risk appetite for strategic, project and delivered risk
    • How risk appetite applies to the different types of strategic risk
    • Applying metrics and tolerances to strategic risks
    • Using risk appetite in decision making

  9. Managing strategic and project risk
    • Lifecycle of project risk management
    • Aligning risk activities with stages of strategic decisions and projects
    • Post-implementation reviews

  10. Responsibilities and governance structures
    • The Three Lines model and its application to change risk
    • Roles, ownership, responsibilities and accountabilities
    • Driving the right culture to support effective and efficient change risk management

  11. When strategic and project risk management is practiced
    • Cadence of risk management

 

Course expectations

  • Watch 11 videos
  • Answer 4 knowledge tests
  • 1 case study
  • 2 interactive examples
  • Access 8 downloadable materials
  • Answer 10 quiz questions

 

Timings

  • 3.5 hours of video content
  • Approximately 4.5 hours for the whole course

 

Cost

  • US$600 payable by credit card on registration

 

Next steps

You can purchase and access this course on-demand via Protecht Academy by credit card.

Please contact Protecht directly if you would like to discuss packages to implement this training across your organisation. Bulk discounts are available and packages can be invoiced in your local currency.

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Our trainers

David Tattam

Chief Research and Content Officer

David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.

David is the driving force in taking Protecht's risk thinking to the frontiers of what is possible in risk management and to support the uplift of people risk capability through training and content.

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Michael Howell

Senior Manager, Research & Content

Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.

Michael is a Certified Practicing Risk Manager whose curiosity drives his approach to challenge the status quo and look for innovative solutions.

 

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