Decision Making in Managing Risk – Expand Context, Strengthen Skills PDC Recording

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Recorded in November 2020, this PDC will help learners develop the skills they need to interact with ERM and non-EHS/OHS risk management professionals in their organizations. Risk is a ubiquitous part of life and work. Decision making in managing risk is rife with complexity, tension, and paradox, which arise from this arena’s ethical considerations, values-dependent and subjective nature. Depending upon the context and the who or what, a risk may be acceptable or not for the workers, public, board room, or news media. Decision making is emphasized because of its central role in risk management and the success of risk outcomes through advances in cognitive and organizational science.

This PDC will: a) challenge participants to expand their risk perspectives and skills to effectively navigate more complex and interconnected risk profiles; b) present key ERM (COSO, 2017) distinctions applied to IH/OHS practice; c) examine the oft overlooked dynamics between risk appetite, tolerance, and transfer; and e) use games (Jeopardy and Bingo), case studies, and exercises to strengthen risk-related decision-making skills (individual, organizational). Emphasis is given to identifying and closing gaps between participant skill levels and organizational needs and expectations. This course is based on a chapter in “Patty’s Industrial Hygiene, 7th Edition (2020)” written by the instructors. COSO’s ERM (2017) framework will be emphasized, along with ISO 31000 (risk management).

This program is 3.5 hours
Register using the link at right under website >>>

IHMM certificants get 10% off the non-member price of the products we have entered: IHMM202326

Course Outline

  • Introduction
  • Decision Science
  • Developing a Richer Vocabulary
  • The Human Operating System in Decision Making
  • Evolution in Risk Thinking
  • Decision-Making Currency
  • Structured Decision Making
  • Decision Making in Organizational Risk Management Frameworks
  • Improving Decision Making Skills

Course Outcomes

Upon completion, the participant will be able to:

  • Describe the multifaceted nature of risk and how it impacts them and their organization.
  • Identify an expanded risk profile related to their jobs/engagements/activities.
  • Demonstrate their risk-related decision-making skills.
  • Identify their biases in risk thinking and judgment.
  • Outline ways to improve risk-related skills, and their organization’s risk decision making.
  • Evaluate how to close gaps between their decision-making skills and organizational needs/expectations.
  • Implement immediate improvements in risk decision making and management.

Who will benefit

Those tasked to work with ERM and non-EHS/OHS risk management professionals on risk management.

Time to complete

Participants will have 90 days from the date of purchase to view the session recordings and submit the online evaluation for credit.

Questions?

Have questions or need additional information? Contact us.​​​​

AIHA

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