Managing Risk - for business leaders and project managers

🎓 Course Title: Managing Risk - for Business Leaders and Project Managers

Course Headline: Dive into the Fundamentals of Project & Enterprise Risk Management with Jeremy Farrell PMP, PRINCE2, AgilePM!

Course Description:

Master the Discipline of Risk Management 🛡️

From the author of 'Create a Resilient Project Management and Delivery Culture', 'Moving Back to the Future', and 'The 4 Steps of Powerful Coaching', comes an in-depth exploration of risk management in today's fast-paced business world. Risk Management is a critical discipline that must be integrated throughout your projects and business operations to build competitive, agile, responsive, and resilient companies.

Why This Course? 🚀

This course uniquely combines Project Risk Management (PRM) with Enterprise Risk Management (ERM), both of which are essential for navigating the complexities of the modern business environment. Learn how to effectively manage risks at all levels, from individual projects to your entire enterprise. With practical examples spanning various industries, you'll understand the importance of risk identification, management, mitigation, and regular assessment in any type of project.

Key Takeaways: 🔹

• Increase Project Success: By incorporating ERM into your project risk assessments, you can significantly enhance your project's chances for success.
• Clear Communication: Learn how to effectively communicate new threats identified during your project activities to your ERM lead.
• Strategic Insight: Demonstrate strategic insight and foresight to your Board and executives by understanding the full spectrum of risks.
• Impress Stakeholders: Showcase your knowledge and understanding of ERM to impress stakeholders and demonstrate its value.
• Career Growth: Apply these skills to open up new career opportunities, from project management to enterprise risk roles.

The Importance of Risk Management in Every Business: 🌐

Whether you're a solopreneur, small business owner, or part of a large enterprise, understanding and applying the principles of ERM is crucial. It involves assessing threats from Politics, Economy, Society, Technology, and Environment (PESTLE) and making near-continuous recalibrations to your plans as conditions change.

Understanding Enterprise Risk Management: 📈

ERM is the comprehensive method and process used by organisations to manage risks and seize opportunities related to achieving their objectives. It's about identifying, assessing, and prioritizing risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

The Impact of Recent Events: 📉

The COVID-19 pandemic highlighted the importance of robust risk management practices at all levels of business operations. Manufacturing, food distribution, and medical supplies were significantly disrupted due to social distancing rules. Billions of dollars were redirected from public sector projects or borrowed from the treasury to support health services and keep companies afloat during government-imposed lockdowns. As we moved beyond the initial crisis, the marketplace transformed, necessitating a redefinition and repositioning of our enterprises, including a stronger focus on ERM.

Your Learning Experience: 📚

To enhance your learning journey, complete the PESTLE worksheet for a business you're familiar with as you progress through each topic. This practical application will solidify your understanding and provide real-world insights into managing risk effectively.

Join Jeremy Farrell PMP, PRINCE2, AgilePM on this short, sharp, and effective overview of Enterprise Risk Management (ERM) and take the first step towards becoming a more resilient leader in your field. 🌟