Best Practice Risk Management Tools and Techniques

Best Practice Risk Management Tools and Techniques

AREAS OF STUDY: Management

Qualifies for CMS

Live Webcast Live Webcasts
  • Audience Level: Professional Tool Tip
  • Dates: 30, 31, January, 1 February 2018 Tool Tip
  • Early Bird: Tool Tip
  • Enrollment: Included Tool Tip
  • Registration Fee: Tool Tip
  • Location: Live Webcast Tool Tip
  • Duration: 3 sessions of 3 hours each
  • CEUs: 0.8 (8 PDHs) Tool Tip

Course Summary

Summary

Effective risk management is integral to the success of any exploration project, mining operation, or corporate function. This course is intended for anyone wanting to learn about practical, best practice enterprise risk management techniques to identify, understand, and manage risk in mining.

Risk management is about taking steps to ensure you can manage the most important risks your organisation or team faces. It is about identifying threats and stopping them spiral out of control, as well as enhancing the potential of your opportunities. We achieve this by putting in place a framework, supported by tools and techniques, around how we identify, understand, and control risks. This allows us to manage risks as a team, be that at the level of a shift, or an entire organisation. This helps to ensure that your mine makes best use of both the opportunities and threats it faces, and is ultimately resilient.

On completion you will be able to replicate a successful risk management approach in your own organisation, or enhance what is already in place.

Course Objectives

You will learn how effective risk management is designed and implemented both at a mine site, and in the corporate office. The tools and techniques discussed can then be tailored to your own requirements and implemented directly in your organisation.

Who Should Attend?

This course will meet your objectives if you are new to risk management and want to know what it is all about, or if you are searching for examples of best practice in risk management across a mining or other organisation.

It will also meet your objectives if you are:

  • a shift supervisor looking for a fresh approach to risk assessments that will engage your team and encourage them to use the tools,
  • the general manager searching for methods through which to improve the resilience of your operation,
  • the health and safety manager interested in how to utilise risk management to help build a safer culture,
  • the environmental manager looking for tools to enhance your environmental impact assessment,
  • the social manager searching for integrated tools through which stakeholders' material risks can be represented,
  • the risk manager looking for tools and techniques to help pull different risk assessments together into a cohesive whole, or
  • the finance manager looking for a translation tool through which team objectives can be understood and managed across the organisation.

Course Outcomes

You will learn about risk management tools and techniques utilised by a range of disciplines and industries. The tools have been proven to work in mining, together with other sectors such as oil & gas, aviation, healthcare, utilities, agriculture, and finance.

Through clear descriptions of the tools and short case studies of where they have been used, you will be able to compare the pros and cons of these techniques, evaluating each for its viability in your organisation.

Where appropriate, you will be encouraged to explore the flexibility of best practice risk management tools, tailoring them so that they become more useful and deeply embedded in your organisation.

Tools and methodologies explored in the course include:

  • ISO 31000 and other international standards: how to make them useful for you;
  • adaptive risk management, proactive versus reactive risk management and risk-based decision making—different methodologies through which risk management is becoming truly valuable to organisations;
  • understanding the context and scope of your risk assessments—the extended enterprise model;
  • risk identification techniques such as PESTLE, the Risk Wheel, Risk Surveys, and making risk brainstorming fun!;
  • risk analysis and evaluation techniques such as the 10-minute risk bow-tie, risk impact and likelihood matrices, root cause analysis, failure mode events analysis, and various iterations;
  • risk owners versus control owners—how do we really manage our risks?;
  • monitoring the status of our risks: key risk indicators and leading indicators; and
  • communication and consultation—interfacing with the decision makers.

Pre-Course e-Learning

Pre-course e-learning is not mandatory for this webcast; however, we recommend everyone that participates has an overall understanding of mining. This is presented in the following two online courses: An Introduction to Mining and Mineral Processing and Mining Explained.

Certificate in Mining Studies

This course qualifies for one day of short course credit for the Certificate in Mining Studies (CMS), a continuing education program of accredited short courses, webcasts and online courses for lifelong learning in mining, supported by University of British Columbia, University of Arizona and University of Concepción. more details »

Continuing Professional Development (CPD)

Registered participants who attend the entire webcast and complete an evaluation at the end of the course will receive a Certificate of Attendance, confirming the Professional Development Hours (PDH)/Continuing Education Units (CEU) earned. Please confirm with your employer and/or professional association that this course qualifies for CPD.

Sarah Gordon

Dr. Sarah Gordon has a BSc (hons) in Earth Sciences from the University of Glasgow, UK, and a PhD from Imperial College London, UK. She also has qualifications in risk management and health and safety. Having been lucky enough to have worked in several roles within the mining sector, from exploration geologist, through to Head of Assurance for Africa (Safety & Sustainable Development), she saw the opportunity to understand and leverage best practise risk management across different disciplines as well as across sectors, and founded the risk management company, Satarla Ltd, in 2014. Satarla enables practical and accessible risk management techniques to be shared and tested across sectors, building a portfolio of best practice and expertise.

Dr. Gordon is an honorary visiting lecturer at Imperial College London (the Royal School of Mines), a Trustee and Head of the External Relations and Foreign Affairs Committee of the Geological Society London, and an accredited trainer with the Institute of Risk Management. Sarah was also voted as being one of the top 10 inspirational women in mining in 2016.

Ollie de Boer

Ollie is an enterprise risk and project management professional who helps organisations improve their approach to managing risk. Born and educated in the UK, he has a Master's degree in Criminology from the London School of Economics, UK, and a Bachelor's degree in Social Science from the University of Bath, UK, he has previously lived in Alberta, Canada and upstate New York, USA. Moving back to Canada (Vancouver area) in November 2016, he works as a Satarla associate, specialising in sourcing and implementing software for clients that improves decision-making. Prior to this he was the Group Risk Manager at G4S, the world's largest security services provider, where he supported the design and roll-out of an enterprise-wide risk management framework, and project managed the sourcing and implementation of group-wide risk and audit software.

Craig Rice

Craig Rice is a doctoral candidate at the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia, Canada. His doctoral research is focused on developing methods of adaptive risk management for mining capital projects. Craig is also the owner and principal consultant of Redteam Projects Inc, a consulting firm that offers services in the areas of project controls, risk management, and project analysis in the mining industry.

Provisional Schedule

This webcast is scheduled to be held from 8:00am to 11:00am PST/Vancouver, Canada time.

Check the exact time and date in your city.

This webcast is divided into three sessions with the following topics:

Session 1: 30 January 2018, from 8:00am to 11:00am Pacific Standard Time

  • Introduction
  • What is risk management and why do we use it in the mining sector?
  • What does good look like and how good are we in mining (risk maturity assessments)?
  • Managing risk across our organisation, from health and safety to finance—risk architecture
  • Who should be owning and managing our risks (roles and responsibilities)?
  • How do we manage risks—best practice risk processes (including ISO31000, COSO, and how they tie into different regulations).
  • Risk management toolbox: practical tools and techniques that can be used in your risk management.
  • How to establish the context of your risk management: considering the extended enterprise and stakeholders.
Session 2: 31 January 2018, from 8:00am to 11:00am Pacific Standard Time

  • Recap on how we manage risks in mining; the challenges we face; our risk management toolbox
  • Linking risks and objectives—the real value of risk management and every level of the organisation.
  • How to articulate a risk so that everyone understands it (and can do something about it!).
  • Identifying risks—key techniques
  • How to run a risk workshop
  • Risk prioritisation (impact, likelihood, and other methodologies)
  • Risk appetite, tolerance, and capacity
  • Understanding and managing your risks—the risk bow-tie, root cause analysis, and building business cases to manage your risks.
  • Examples of where the above tools have been used successfully and unsuccessfully.
Session 3: 1 February 2018, from 8:00am to 11:00am Pacific Standard Time

  • Recap and how we manage risks effectively
  • Control identification and management/inspection
  • Leading indicators and key risk indicators (KRIs)
  • Building simple risk dashboards to induce action and quality decision making
  • Adaptive risk management
  • Examples from mining and other sectors where these approaches have been successful
  • Future challenges and opportunities

How to Register

To register yourself, click the ‘Register Now’ button and complete the online registration form.

To register on behalf of someone else, or to register groups of 2 or more, please contact us; discounts may apply.

Questions? Please contact EduMine: +1 604 683 2037 or [email protected] and we will get back to you during regular business hours, Monday - Friday, 8:00am to 5:00pm Pacific Time.

Registration Deadline

Online registration ends 15 minutes prior to the webcast; however phone registration can be accepted up to the start of the webcast. Please call +1 604 683 2037 ext. 259 for last-minute reservations. Webcasts fill up quickly. Early booking is advised!

Fees

The fee covers the lecture, access to electronic course notes, Pre-Course e-Learning and a certificate of attendance.

Early Bird: there is a 10% discount if you register at least 30 days prior to the course start date. A 10% discount is offered for groups of 3 or more OR if you provide your Annual EduMine subscription User ID at time of registration. The maximum discount that can be applied is 20%.

This webcast is designed for both individual and group participation and would make an excellent company-sponsored in-house training event. If you have a group of ten or more who would like to attend this course from one location, please contact us at +1 604 683 2037 for special pricing.

How Webcasts Work

It's easy and our webcast saves on fees, travel and time! You will be able to ask questions and have live discussions during the webcast just as if you were there in person. At the time of the webcast, you connect to the internet, call in to a toll/toll-free number to hear and talk through the telephone or simply listen and speak over your headset/PC speakers using Voice over IP (VoIP). You see the presentation as well as the instructor on your computer screen.

System Requirements

To attend this webcast, you will need a computer with a high-speed internet connection (DSL or cable). You will also need a phone line or integrated microphone in your PC or a headset. For your comfort, it is recommended that you use a speaker phone or headset to connect to the webcast. Our system will support both PC and Apple computers using Internet Explorer, Chrome, Firefox or Safari browsers.

Accessing the Webcast

One day prior to the webcast, you will be emailed a link for the webcast. About 15 minutes before the scheduled starting time, simply go to the website provided in the email. You should be able to simply click on the link in the email; however, some email programs may require that you copy the address and paste it into your browser's address bar. You will be asked to enter your name and email address, and you will need to enter the password that was sent to you in the email. Once you have logged in, a screen will pop up with the Voice over IP option or a toll/toll-free telephone number to call. Of course, our team is available to help if you have any questions about accessing the webcast: +1 604 683 2037 ext. 259.

Terms and Conditions

By submitting the webcast registration form, you agree to pay the associated fees in full before the course start date.

Cancellations

Notice of cancellation must be given in writing by letter, fax or email and action will be taken to recover, from the delegates or their employers, that portion of the fee owing at the time of cancellation.

If a delegate submits written notice of cancellation 10 or more business days prior to the first day of the webcast, EduMine will refund the cost of the webcast.

If a delegate submits written notice of cancellation prior to the webcast but within 9 business days of the first day of the webcast, EduMine will apply the delegate’s payment less a 10% administration fee towards an EduMine webcast or short course held within one year of the date of cancellation.

If a delegate submits written notice of cancellation after the webcast has started, or misses all or a portion of the webcast without notice, no refund or credit will be granted.

EduMine reserves the right to cancel an advertised course on short notice. It will endeavour to provide participants with as much notice as possible, but will not accept liability for costs incurred by participants or their organisations as a result of the course being cancelled or postponed. If a course is cancelled, fees will be refunded in full. EduMine also reserves the right to postpone or make such alterations to the content of a course as may be necessary.

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