Risk Management Training
Our methodology and training programs are aimed to assist organisations to build a proactive risk awareness and management culture. Our approach to Risk Management training recognises that different skills and knowledge is required at different job levels.
Paresco’s approach to Risk Management training recognises that different skills and knowledge is required at different job levels. At senior level we need strategic risk management focus, at middle management level we need a good understanding of risk management techniques to analyse risk, and at a workforce level we need the practical application of the right tools to identify and report risks.
With this understanding Paresco has adopted the 4-layer approach to Risk Management organised into 3 levels of work which are:
- Executive/Senior Management
- Middle/Supervisory management; and
Our methodology and training programs are aimed to assist organisations to build a proactive risk awareness and management culture.
The high-level objectives of each training course adapted to the 3-levels of work are described below:
Risk Management 3 program (RM3)
Executives, board members and senior management
To provide an overview and instil a better understanding of the risk management process and its practice at operations, which will result in improved decision making that will support the achievement of your operational Risk Management objectives.
Outcomes of the course
Challenge the thinking of Operational Risk Management (ORM) and on completion of the course, will have:
- A deeper practical understanding of Risk Management (RM) concepts and Risk Assessment (RA) methods
- An understanding of the role of Risk Management in corporate governance and the organisation’s integrated risk management (IRM) framework
- The ability to understand the main requirements for ORM implementation
- The ability to determine the quality of RM activities and systems, scope a RA and apply tools for comparison with good practice RM approaches
- A process that enables you to make the correct operational decisions
- Produced a step change plan for the ORM journey
Risk Management 2 program (RM2)
Middle and supervisory management
The RM2 programme is designed to assist the Middle and Supervisory Management in implementing a productive and safe task Risk Management (RM) system within his/her operation.
The programme is structured to enable the delegates to get a clear understanding of:
- The words and concepts of Operational Risk Management aligned to current Risk Management ‘speak’ of the organisation
- What is expected of the delegates to implement a 4-layered approach to Operational Risk Management
- The tools and techniques used to assess and manage risks in his/her area (scope) of operation
Outcomes of the course
- At the end of this course the delegates will be able to:
- Explain Operational Risk Management (ORM) concepts and terminology.
- Facilitate a Job/Task Risk Assessment in his/her team.
- Explain his/her role in the ORM process.
- Describe the actions and mind set to implement ORM at the appropriate levels in their teams.
Risk Management 1 program (RM1)
The RM1 programme is designed to assist your workforce to embed a consistent single approach to continuous risk assessment that will improve the safety for all your employees.
Outcomes of the course
- Be aware of the 4 layers of the Operational Risk Management Process
- Understand that by applying continuous risk assessment practices they can, and are, reducing injuries, saving lives, money, preventing property loss and damage to equipment – generally improving the work conditions by eliminating hazards.
Operational Risk Management Implementation
Risk Management is a strategic, organisation-wide process of assessing, analysing and responding to the collective risks that impact an organisation’s ability to achieve its mandate.
Organisations able to successfully navigate their risk environments can build and manage a sustainable enterprise through the adoption of Risk Management strategies.
We assist our customers in the analysis of risk from an integrated perspective.
Our proven process is practical, quantitative and qualitative, and designed to ensure that your Risk Management strategies reach their full potential. To achieve this, it is critical to identify, prioritise and quantify the organisation’s key risks and link them to Strategic, Operational, Reporting and Compliance metrics. Risk response solutions can then be developed and implemented within an efficient risk governance framework.
We provide professional and consulting services in the following areas:
Baseline Risk Assessments
A baseline risk assessment is a requirement for multiple compliance systems across industries. With a Paresco risk assessment, you can meet compliance obligations and gain an understanding of your exposure to threats and vulnerabilities, through risk identification and risk.
Issue Based Risk assessments
Issue based Risk Assessments are, as their name implies, based upon a specific issue. They could, for example, be instituted in response to the high priority risks identified in the Baseline Risk Assessment or even after a near miss or actual loss event. They are narrowly focused, being ‘issue-based but go into detail in re- evaluating the risk in more depth, and in then designing suitable treatment or control strategies.
Job/Task Risk Assessments
Paresco undertakes job or task risk assessments by involving your team, to do this we make observations, carry out interviews, take images and review existing documentation. We develop your risk assessment using the information gathered and deliver them to your team. This can be recorded for evidence of communication and internal training.
Risk maturity and capability assessments
We recognise that the planning, implementation and maintenance of a risk competence requires a maturity-based management approach of key business processes.
This gives us the unique offering to provide our customers an ability to measure, communicate and track progress with their performance on risk management and related investments.
Paresco focuses on aligning risk and maturity with investments to improve, as key performance indicators (KPI’s) for operational risk management effectiveness. By using KPIs grounded in maturity and risk alignment associated with real-world investments, our customers gain valuable insight to formulate a risk management strategy and implementation roadmap that will ultimately inform investment decisions.
Our approach can be summarized via the ‘MAPP’ acronym, a Maturity Assessment, Profile, and Plan. With this methodology, an organisation can measure the maturity of key business processes in a robust, reliable, repeatable approach to communicate the organisation’s risk posture, and to engage with management in benchmarking, gap analysis and process improvement planning. MAPP isn’t about conducting an audit but about measuring performance of required processes based upon the business needs.
According to Legislative requirements on Hazardous Chemicals (Regulations for Hazardous Chemical Substances, 1995, Section 9A.), it is a requirement to have Safety Data Sheets available of all Hazardous Chemicals used to perform work. For this purpose, a Hazardous Chemical Register is useful to record chemicals and to ensure that all chemicals appearing on the register have the required information as recorded on the Safety Data Sheet available at the request of any interested or affected person.
The PARESCO HazChem application is designed to maintain hazardous chemical registers, enabling critical workflow processes around the maintenance of the register and to deliver critical information in an easy and accessible manner to all stakeholders.
The PARESCO HazChem Register solution delivered as a service will provide a platform to: