The ASQ Reliability & Risk Division (RRD) is offering a workshop during the RAMS symposium. The workshops will cover the Practical Development and Application of Risk Management Framework. The workshop will be held on Thursday afternoon January 21st, 2020 and Friday morning February 1st, 2020. More info on http://www.rams.org/
Practical Development and Application of Risk Management Framework (1 Day)
The workshop will provide a comprehensive overview of risk and risk management frameworks. An overview of risk management will be provided that includes the general components of a risk the ISO 31000 risk management framework, including elements of risk assessment (identification, analysis, and evaluation), risk treatment, communication, and monitoring. The emphasis of the workshop will on applications associated with industrial facilities and infrastructure and will include both design-phase and maintenance-phase perspectives.
Major components of the workshop include:
- Foundational definitions, including relationships such as risk & uncertainty and risk & reliability
- Competing risk frameworks (ISO 31000, COSA, others)
- Establishing organization and problem context
- Qualitative versus quantitative approaches
- Risk assessment
- Tools for risk identification and risk analysis
- Risk treatment
- Risk monitoring and review
- Risk communication
- Enterprise risk management
The workshop approach will be direct and practical. Insights will be provided into the strengths, pitfalls, and challenges associated with different situations that impact reliability, risk, and professionals working in different industry sectors. An emphasis will be provided on providing participants with practical “how” rather than theoretical “what” to do.
The workshop will be conducted by an experienced facilitator using lecture style presentation combined with interactive support tools such as an audience response system (ARS), small group breakout sessions, and several exercises to enhance the learning experience. The session material has been presented successfully in corporate and professional development settings.
The primary learning objectives include:
- Understanding of core risk and risk management definitions and concepts
- Ability to effectively apply the international risk standard, ISO 31000
- Determining the applicability of qualitative and quantitative risk approaches
- Evaluate 24 risk tools and their applicability to practical situations
- Incorporate the role of cognitive biases and risk appetite into decision making
- Apply good practices for practical implementation of risk treatment and mitigation strategies
- Understanding risk tracking in the context of enterprise risk management systems
The workshop is targeted at the intermediate level. It is applicable to a full range of reliability, risk, quality, safety, security, and financial professionals.
About the Facilitator:
JD Solomon, PE, CRE, CMRP
JD Solomon is a practice leader with Jacobs whose practice includes strategic planning, asset management, O&M consulting, data integration and financial management. JD’s areas of expertise include decision analysis, reliability, risk, resiliency, and facilitation. In addition to being a licensed professional engineer in several states, he is a Certified Reliability Engineer (CRE), Certified Maintenance and Reliability Professional (CMRP), is certified in Lean Management, and is a Six Sigma Black Belt.
JD has a Professional Certificate in Strategic Decision and Risk Management from Stanford, an MBA from the University of South Carolina, and a BS Civil Engineering from NC State. He is active in several professional societies including the ASQ Reliability & Risk Division.
JD’s knowledge of reliability and risk has also been shaped by his service on boards and commissions. JD served as chairman of the North Carolina Environmental Management Commission under governors of two different political parties. He also has served by gubernatorial appointment to North Carolina’s State Water Infrastructure Authority (SWIA) and the state’s Blue Ribbon Commission for Financing Public Buildings and Infrastructure.
