Systemic Risk Management

Overview

 

Introduction

This fully online programme addresses how to develop Systemic Risk Management in an organisation. It will use real examples to demonstrate practical methods to analyse and manage sources of risk, enabling a proactive, effective, and strategic capability. This approach both enhances the individual practitioner’s capability and benefits their organisation. The programme will link participants, practitioners, and researchers as part of a wider Community of Practice. This programme is CPD Approved by Engineers Ireland.

Short description

Organisations want to be able to manage the risks that they face in a manner that is coherent, comprehensive, and effective. Excellence in operational risk management means going beyond regulatory compliance and reacting to specific incidents or events; it implies being able to muster the evidence to support the transformation of system performance to meet strategic goals in a proactive way.

This involves meeting a range of challenges:

• Harnessing data to generate evidence
• Generating system understanding
• Building joined-up governance
• Developing the capability to change
• Developing networks of support, learning and the exchange of knowledge.

Our research on implementing this approach with organisations shows that this is not easy. This programme takes and shares the lessons we have learned about implementing systemic risk management drawing on the evidence acquired through practical case studies and the knowledge and expertise of our collaborators.

Core to the programme is a sociotechnical system analysis addressing many perspectives including organisational structure and processes, culture, and strategic goals. A prototype digital platform (OpenARK Project) supports this analysis of the social and technical influences on risk, links these to diverse data sources, and tracks implementation and change. The platform facilitates cross-organisational collaboration, building a knowledge data base through individual projects and synthesising multiple projects to support strategic programmes.

The programme provides the opportunity to discuss the practical issues of implementing systemic risk management with experienced practitioners and, through this, links to a wider implementation network. 

What topics will you cover?

• Operational Risk Management and Organisational Hazard
• Proactive Risk Management
• Modelling Operational Risk – The Role of Data Analytics
• Monitoring and Measurement for Safety Assurance
• Improvement and Change
• Strategy

Who is this course for?

The programme will be of interest to those who have experience of managing safety, risk, change, or are responsible for operational performance, in any industry or service that carries operational risk, and who want to explore how to move to a new level of Systemic Risk Management.

Note: the programme is not industry specific and the learning can be applied to a wide range of industries that have common issues to do with managing innovation and change in an operational environment. This includes aviation, rail, maritime, emergency services, defence forces, healthcare, software development, manufacturing (incl. pharmaceuticals), public utilities, and environmental management.

Who teaches the course?

Assistant Professor Siobhán Corrigan, Professor Nick McDonald; Professor Pernilla Ulfvengren, KTH Royal Institute of Technology, Stockholm and Dr Daniele Baranzini, Visiting Research Fellow along with industry professionals which include:

• Mr. Brian Doyle - Paramedic / firefighter with a Fire EMS service provider.
• Dr. Una Geary - Director of Quality and Safety Improvement - St. Jame's Hospital.
• Mr. John Guilfoyle – Assistant Chief Fire Officer
• Dr. Marie Ward PhD - Health Systems Research and Learning Facilitator, Quality and Safety Improvement Directorate - St. Jame's Hospital

 

How is the course delivered?

This is a fully online six-week programme divided into six live sessions. Each session is designed to be completed over the course of a week and will comprise several offline learning elements complemented with a one and a half hour live webinar (evenings). The webinar and study material will be accessed via our student learning platform, Blackboard.

Programme delivery components include:

• Recorded sessions for home study.
• Interactive tutorial sessions with experts and practitioners – discussing the challenges and opportunities of implementing Systemic Risk Management.
• Panel discussion with academic and industry professionals.
• Access to ARK risk management platform to explore methodologies applied to specific case studies.

The live webinars usually take place from 5.30pm pm to 7pm (Irish time) on Wednesdays.

Additional participant information

For the best online experience, we recommend the use of Chrome as your default browser, along with a USB (or other) headset with built in microphone.  Each live webinar will last one hour. Outside of this you can also expect to spend additional time completing pre session material, such as watching introduction videos or preparing some questions for discussion.

Certificate of completion

This course will run over a 6 week period (see timetable section for dates). On successful completion participants will be provided with a Certificate of Completion. Note class attendance will be recorded. 
Trinity College Dublin is an Engineers Ireland Registered Training Provider. This programme is CPD Approved by Engineers Ireland.