Risk Assessment and Mitigation Training in Thimphu, Bhutan

This course provides a structured approach to identifying, analyzing, evaluating, and mitigating risks in an organizational context. Participants will gain hands-on experience in risk assessment frameworks, methodologies, and mitigation strategies applicable across various industries. The training covers qualitative and quantitative risk assessment, risk control techniques, regulatory compliance, and incident response planning.

Course Agenda

Introduction to Risk Management

• Fundamentals of Risk Management

• Understanding Risk Types (Operational, Financial, Cyber, Compliance, etc.)

• Risk Assessment vs. Risk Mitigation

• Key Risk Management Frameworks (ISO 31000, NIST, COSO ERM)

Risk Identification and Categorization

• Techniques for Identifying Risks (Interviews, Workshops, Checklists, etc.)

• Understanding Threats, Vulnerabilities, and Impact

• Categorizing Risks (Strategic, Compliance, Operational, Financial, IT, etc.)

Risk Assessment Methodologies

• Qualitative Risk Assessment (Likelihood & Impact Analysis)

• Quantitative Risk Assessment (Probability Models, Monte Carlo Simulation)

• Risk Prioritization using Risk Matrix and Heat Maps

Risk Mitigation Strategies and Controls

• Risk Avoidance, Reduction, Transfer, and Acceptance

• Developing and Implementing Risk Controls

• Case Study: Risk Mitigation in a Corporate Environment

Compliance and Regulatory Considerations

• Risk Management Standards (ISO 31000, COSO, NIST RMF, PCI DSS)

• Industry-Specific Risk Regulations (GDPR, HIPAA, SOX, etc.)

• Audit and Compliance Reporting in Risk Management

Risk Monitoring and Reporting

• Continuous Risk Monitoring and Key Risk Indicators (KRIs)

• Risk Reporting Best Practices for Decision-Makers

• Developing Risk Management Dashboards

Incident Response and Business Continuity Planning

• Developing Incident Response Plans (IRP)

• Risk Response and Recovery Strategies

• Business Continuity and Disaster Recovery Planning (BCP/DRP)

Case Studies and Hands-on Exercises

• Real-World Risk Assessment Scenarios

• Risk Mitigation Strategy Implementation Workshop

• Interactive Group Exercise on Crisis Management