Risk management training: handbook

This handbook summarizing risk management methodology and the various concepts discussed during the training session accompanies the training module and is designed as a guidebook for future reference. It therefore follows the structure of the training module and covers a fairly extensive review of risk management concepts using examples to help develop a general understanding of the subject. It will help participants set up a risk profile and a risk management plan for their own units or divisions.

The purpose of risk management training is to raise basic awareness of risk management concepts and mechanisms, to enable participants to identify and manage risks in their own units and to strengthen project management through adequate forward planning of potential risks.

The half-day training module on risk management introduces the definition of risk and the purpose of risk management and discusses steps towards the effective management of risks. The course goes beyond the provision of generic tools and extends to re-visiting elements of organizational culture, decision making and situational awareness. Practice case studies and exercises are proposed at the end of the training session, and participants are requested to undertake a mock risk analysis using the methodology described in the module.

By the end of the training session, participants should be able to:

• Understand UNESCO’s approach to risk management;
• Understand how risk management affects decision-making;
• Conduct a risk analysis by drawing up a risk profi le and using a risk matrix;
• Identify risks/uncertainties to achieving a set of objectives and expected results;
• Prioritize these uncertainties; and
• Decide how to act on the uncertainties within the framework of project planning.