Risk Management

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Event Details

In today’s ever-changing business world, risk is an inherent component that must be accounted for. In this session you will learn how to identify the general categories and events that most adversely affect businesses and the benefits of developing an effective overall risk mitigation strategy. In addition, you will learn to use the risk management tool developed by NIST MEP; this comprehensive tool can help you establish a process for reviewing, monitoring, and mitigating risk in your operations and supply chain. This tool includes a risk management procedure template in Word and can also be used by businesses seeking ISO 9001:2015 certification.

Note: At the training, participants will receive a copy of the NIST MEP risk management tool. Participants should bring a laptop to the training if possible.

Risk management concepts and philosophies:

  • What is risk (ISO 31000)
  • Where do risks appear?
  • What is risk management?
  • What are examples of risk management documentation (policies, procedures, and records)

Risk management tools:

  • Process mapping
  • Interviews/auditing
  • Structured brainstorming /list reduction
  • Fishbone
  • Failure mode effect analysis (FMEA)

Workshop qualifies for 0.8 CEUs (continuing education units) through Purdue University. There is a $15 processing fee to obtain your CEU transcript record. If you are interested in obtaining CEUs, you can prepay at registration or request an application form at the end of the session. Workshop also qualifies for 8 PDHs (professional development hours) through the Indiana State Board of Registration for Professional Engineers. You will be given a Certificate of Attendance to submit to the Board for these credits.

Appropriate For

Team members with responsibilities in the following areas:

  • Risk management
  • ISO 9001:2015
  • Procurement and logistics
  • Managing overall company risk
  • Insurance and risk sharing

You Will Learn

  • Learn elements of risk management that affect all companies.
  • Learn to use the risk management tool developed by NIST MEP to review, monitor, and mitigate risk.

Manufacturing Extension Partnership, 8626 E. 116th Street, Suite 200, Fishers, IN 46038-2815, (317) 275-6810

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