Practical Risk Assessment Training and Workshop - This training is for those who want to consider risk in the evaluation and comparison of initiatives as part of a business decision making process. Risk assessment brings reality to bear by quantifying the financial impact of uncertainty. A taxonomy of risk is reviewed. Best practices for quantifying the financial impact of initiative uncertainties regarding organizational readiness, compatibility of existing business processes, technology and infrastructure are discussed. External factors such as the economy, relevant trends, and competition are also included.

The Cistek Group always tailors Practical Risk Assessment to meet specific client objectives. In addition to the theory of risk and sensitivity analysis making use of torndado diagrams, additional topics such as monte carlo simulation, may be included or excluded depending on the level of detail desired by the client. Workshop activities include the creation of a client specific taxonomy of risk, and a risk assessment on a client defined initiative or business issue.

Practical Risk Assessment Training and Workshop is offered independently or as a component of Cistek's Integrated Value Approach program. For example, For example, Risk Assessment Consulting Services can be used to develop a risk assessment prior to conducting Practical Risk Assessement Training and Workshop so that it can be incorporated into the training as a best-in-class company specific example.

This course is intended to be delivered at the client’s site.