Summary: | The RMF will situate FHWA in a risk context by identfying program area risks, clarifying the interdependence of risks, separating risk causes/effects, and facilitating the development of organizational controls. The goal is to identify a consistent process that leads to effective allocation of resources, strategic planning and management of FHWA's risks at all organizational levels. The RMF should provide a consistent and uniform process to advance unit offices risk management practices. The Framework should enable division administrator's to make progressive, well-informed decisions based on local programs and non-prescribed areas of risk.
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Learning Outcomes: | Upon Completion you will be able to:
1. Explain overall organizational context, importance of risk management and risk framework to others
2. Follow a consistent process for managing risk
3. Utilize standard risk terminology, tools and methods
4. Implement appropriate risk identification techniques
5. Write an effective and meaningful risk statement
6. Accurately estimate likelihood and impact of each risk event
7. Implement appripriate methods of documentation
8. Create a consistent matrix to prioritize risk
9. Determine the most important risk events
10. Describe all possible risk responses and illustrate how to respond effectively to risks
11. Work the overall process within 60 minutes
12. Develope effective plans for dealing with risk events
13. Develop a process for responding to unidentified risk events
14. Develop a risk assessment report
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Teaching Method: | 2 1/2 days
Classroom setting
Beginner training level
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Target Audience: | The target audience for this course includes Federal, State, and local highway employees who are responsible for directing and managing all aspects of highway related programs/projects such as planning, environment, project development, design, construction, operations, maintenance, and finance. In addition to its FHWA audience, the Risk Management course may also serve a number of audiences under the auspices of any agency that handles Federal monies and is tasked with infractructure support. Audience experience, background, knowledge, skills and abilitie are expected to vary widely.
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Final Exam: | Yes |
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