Risk Management & Risk Assessment Masterclass [2026]

Explore ISO 31000 as a generic framework for risk identification, ranking, treatment, and control. Learn how ISO 31020 guides using 31000 within integrated management systems like ISO 9001 and 14001.

Define risk as the product of likelihood and consequences, compare classical and ISO 31000 definitions, and show how to assess and compare scenarios to guide risk mitigation.

Explore the ISO 31000 risk management standard, part 3, detailing how risk arises from deviations from plans and how a risk management process and framework—guided by the PDCA cycle—protect objectives.

Explore the ISO 31000 risk management standard, part 4, detailing identification, analysis, evaluation, and treatment to reduce risk and achieve net benefits.

Explore the ISO 31000 risk management framework, from design and implementation to monitoring and improvement, including risk assessment, treatment, residual risk, and two way communication for continuous value.

Learn risk assessment techniques and flowcharts to identify hazards, assess probability and consequences, evaluate controls, and rate risk to protect project objectives.

Explore qualitative and Samie quantitative risk assessment techniques, including qualitative assessment, Samie quantitative analysis, risk probability methods, and hazard identification techniques to forecast incident consequences.

Identify hazards and assess risk using techniques like brainstorming, interviews, Delphi checklist, Hazop, fmea, cause-and-effect, scenario, event tree, and fault tree analyses to evaluate consequence and probability.

Identify risks, then apply a hierarchy of controls from elimination to personal protective equipment, with examples such as eliminating high-risk tasks, substituting contractors, engineering controls, and administrative controls.

Explore fault tree analysis as a graphical tool for hazard identification and consequence analysis, tracing root causes and fault sequences to improve reliability, availability, and safety with event symbols.

Develop a fault tree analysis assignment from a case study of a butane tank relief valve incident, showing how the pressure relief valve activates at design pressure to prevent hazards.

Define the top event precisely to avoid divergent analysis, then map intermediate faults and logic gates to reveal causes such as high pressure from overfill or vapor pressure.

Learn how failure mode and effect analysis identifies possible causes and effects to improve reliability, design, quality, and safety, with emphasis on the design phase and ISO 9001 requirements.

Apply a FMEA case study to identify quality failures in a beverage glass company, assess severity, and implement action plans and quality controls to reduce complaints and boost customer satisfaction.

Learn the four FMEA types—design, process, system, and service—and how they prevent safety, quality, and reliability failures in power plants, nuclear, chemical processing facilities, refineries, and automotive industries.

Identify failure modes, evaluate severity, occurrence, and detection, and compute the risk priority number. Propose controls, assign responsibilities, and document actions to improve reliability and customer satisfaction.

Explains hazard analysis and critical control points within HACCP. Demonstrates the seven principles and how they support a food safety management system across the supply chain.

Explore seven HACCP principles, starting with hazard analysis to identify biological, chemical, and physical hazards, and establish CCPs, limits, monitoring, corrective actions, verification, and records.

Explore a HACCP case study on iron particle contamination in glass jam or pickle packaging. Identify CCPs, apply a three-gram critical limit, and monitor materials to ensure food safety.

Learn hazop study as a risk analysis tool for chemical processing facilities, detailing methodology, guide words, required documents, and how thorough analysis prevents severe process safety incidents.

Apply hazop to identify hazards and deviations in chemical plant operations, enabling structured risk analysis, effective mitigation, and safety improvements through a multidisciplinary team.

Explore hazard and operability (hazop) study concepts, including node and stream breakdown, guide words such as no, less, more, reverse, and the cause, consequence, and recommendations used to assess risk.

Analyze a chemical plant hazop case study of a mixer and reactor. Map flow, temperature, and pressure deviations and document actions in the hazard worksheet.

Explore event tree analysis and its qualitative inventory approach to map initiating events to final undesired outcomes, using a four-step process of identifying events, assessing controls, and detailing barriers.

Explore event tree analysis for a power blackout, tracing initiating events, safety functions such as breakers and alarms, standby UPS, barrier responses, and standby generator actions to test system reliability.

Explore bow tie analysis as a reactive risk assessment tool, identifying hazards, threats, and barriers to understand causes, consequences, and controls for events like a hard drive crash.

Learn bow tie analysis for car loss of control, linking hazards like unexpected maneuvers and slippery roads to causes and consequences using event tree and fault tree methods.

Bow tie analysis maps top events, such as IT system failure and hard disk crash, to hazards, threats, barriers, and escalation factors, with mitigations like UPS and emergency generators.

Explore brainstorming as a human-centric risk assessment technique, uncover hidden hazards, and apply traditional and at once methods, scamper and reversal, plus lateral thinking, for proactive risk management.

Set up a purpose-built, distraction-free brainstorming session of 1–2 hours with 8–20 participants, using paper, sticky notes, whiteboard, and coffee to solve a specific problem, employing reverse thinking and scamper.

Explore what-if analysis as a structured, time-efficient risk assessment technique that identifies deviations, defines guide words, assembles a multidisciplinary team, and proposes controls and actions to mitigate risks.

conduct a what-if analysis case study on a chemical plant design of a riser or heat exchanger to identify risks, determine consequences, and propose safeguards through a multidisciplinary team.

Apply what-if analysis to a case study on risk management, identifying safeguards, consequences, and recommendations for equipment procurement, location selection under wind risks, and civil engineering qualifications.

Explore what-if analysis in risk management by building a model to identify causes and safeguards for project risks, such as equipment failure, unfavorable locations, design errors, and missed deadlines.

Explore how cause and consequence analysis serves as a risk assessment tool for predictive and protective analysis, detailing its objectives, writing practices, and a stepwise methodology.

Define the intended purpose of cause and consequence analysis, identify the system and subsystems, and analyze four causes—primary, contributory, intermediate, remote—leading to consequences, using Ishikawa and five whys.

Explore building fishbone (Ishikawa) diagrams to identify root causes, brainstorm causes, and analyze problem statements across process, people, policy, and plant to avoid recurrence.

Analyze causes to frame a fishbone diagram, identify root causes and hurdles, and document findings in a cause-and-effect register, then propose process improvements and action plans at the team meeting.

Explore how checklist analysis functions as a simple, structured risk assessment tool to identify predefined risks, verify conditions, and guide startup safety reviews and commissioning.

Learn how to assess risk through structured and semi structured interviews, including question development, interview types, and best practices for conducting and recording responses in risk assessment contexts.

Explore semi structured interviews as a hybrid approach blending structured and unstructured questions to uncover hidden hazards and support analytical risk assessment. Balance structure and openness to manage time.

Explore the Delphi method for risk assessment, including its history, expert panel rounds, anonymous feedback, and facilitator-led iterations to forecast future risks and guide decisions.

Use the Delphi methodology to forecast the future of construction in developing countries. Assemble a diverse expert panel and a skilled facilitator to iteratively question, summarize findings, and define actions.