An Interactive 5-Day Training Course
Risk Based Operational Decision Making
Learning To Manage Most Effectively in Turbulent Times
Course Overview
This Risk Based Operational Decision Making training course addresses the unavoidable contradiction of current management: Without Risk there is No Profit nor achieved objectives, but With Risk there May Be No Organization, nor Assets. By attending this training course, you will be able to prepare for, and manage, in circumstances where foreseen and/ or unforeseen risks may be serious or even catastrophic, but are a normal backdrop to operations, and have to be managed well within operational decision making.
During this training course on Risk Based Operational Decision Making you will learn about the operational decision making process, and the common shortfalls and inadequacies in the treatment of risk, as well as how to do it well. You will also have the chance to learn from case studies, that show good, and not so good, practice. This training course will enable you to gain insight and confidence, and improve decision making, that is often conducted poorly, but if applied coherently and rigorously in relation to the treatment of risk, can contribute extensively to performance and competitiveness of operations, and the whole organization.
This GLOMACS training course will highlight:
- What is Risk Based Operational Decision Making, how it differs from common management decision making and how to avoid bad practices
- The place of international standards and best practices
- The implementation framework for Risk Based Operational Decision Making, what works & doesn’t work and why
- Key roles and responsibilities
- How to build the necessary cultural and system elements supporting effective & efficient Risk Based Operational Decision Making
Training Outline
DAY 1: What is Risk Based Operational Decision Making?
- Management Decision Making, in Theory & Practice
- Decision Making under Certainty, Uncertainty & Risk
- Defining Risk Based Operational Decision Making
- The Risk Based Operational Decision Making Process
- Role of Risk Based Operational Decision Making in Contributing to Performance and Competitiveness
- Decision Analysis Structures Do’s & Don’ts
DAY 2: The Principles and Practice of Risk Management
- Concepts & Definitions of Risk, Risk Management & ERM
- Defining a Framework for Managing Risk
- Use of ISO 31000:2018 and other relevant standards
- Place of Risk Management within ISO9001 and other Management System Standards for Management Decision Making & Practice
- Options for Risk Criteria, Assessment, Identification, Analysis and Evaluation
- Risk Based Operational Decision Making within ERM
DAY 3: Developing a Framework for Risk Based Operational Decision Making
- The 3 lines of defense
- Alignment between Risk Management Policy and the Organization
- Responsibilities, Stakeholders, Reporting & Options
- Importance of Engagement & Culture
- Quantitative & Qualitative Risk Modelling and Reporting
- Ensuring Risk Management becomes part of Significant Decision-making
DAY 4: Implementation and Making It Work
- Developing & Deploying Appropriate Strategy
- The Implementation Process
- People, Processes & Resources
- Transition Rules
- Common Shortfalls & Avoiding Bad Practices
- Likely Barriers to Implementation
DAY 5: Making It Work Better
- Deploying & Utilizing Key Risk Indicators
- Leadership & Structural Change
- Continuous Improvement & Lessons Learnt
- Future considerations
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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