Risk Management: Tools & Techniques

Location: Distance Learning Course

2022 - 2023 On-line Individual$ 160.00
2022 - 2023 DVD Individual$ 180.00

There are still openings remaining at this time.


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If making payment by Purchase Order or Invoice, please call 1-833-419-8528.

Risk Management Tools and Techniques is a practical course that provides an understanding of risk management principles and tools by reviewing the risk management process and learning four risk management tools through practical examples.

Identifying, understanding, quantifying and mitigating risks are key functions of Engineers and Managers. The risk management process and four tools for risk management are presented in "Risk Management Tools and Techniques." This course is for anyone in engineering, technical, leadership or management positions. It can be especially beneficial to those who are responsible for project, process or general business management since all of these positions involve identifying and managing risks.

Risk management involves identifying risks, quantifying the risks, applying sound engineering or other principles to mitigate or eliminate the risks and follow up to insure the risks are minimized or eliminated. There are numerous tools and techniques that can make this risk management process more effective. In this course we will explore four of the tools for risk management using real world examples along with a manufacturing plant scenario. Through these examples you should be able to transfer the concepts, principles, tools and techniques into your risk management processes.

Risk Management Tools and Techniques provides practical information to help you and your organization more effectively identify, quantify and manage risks. The four tools we will learn to use are:

1. Process, Product or Project Integrity Matrix
2. Fault Tree Analysis
3. Failure Modes Effect Analysis (FMEA)
4. Risk Register

The instructor for Risk Management Tools and Techniques has over three decades of real world experience with clients on 3 continents and in 35 states. He uses a practical approach based on experience, research and education.

The learning objectives are for participants to: Understand the basic principles of risk management

1. Know how to identify and quantify risk
2. Know how to use 4 tools for risk management
3. Learn Techniques for managing project, process and product risk
4. Identify uses of the risk management tools in your business

$12 flat rate shipping per order available in the U.S. (excluding Hawaii and Alaska)

Fee: $160.00

Fee Breakdown

Course Fee (Basic)2022 - 2023 On-line Individual$ 160.00
Course Fee (Alternate)2022 - 2023 DVD Individual$ 180.00

Distance Learning Course

Distance Learning Course

Davis Woodruff

Davis M. Woodruff, PE, CMC is an internationally recognized consultant, professional speaker and author. He grew up on a family farm in rural southern Alabama where his family also owned and operated a “country store.” From this background he earned a Chemical Engineering degree from Auburn University, became a Professional Engineer and Certified Management Consultant. He was a manufacturing executive with 3M for ten years and became the youngest manufacturing superintendent in the company prior to forming a management consulting company, Management Methods. Since 1984 he has served clients in 35 states and on 3 continents. From Vermont to Malaysia Davis’ clients include scores of large and small organizations. As a professional speaker, certified management consultant, published author, and professional engineer Davis Woodruff brings immediate benefits to businesses. These benefits include developing leaders; optimizing resource utilization; improving processes, quality and customer satisfaction; and saving time and $$$. Having authored three full-length books, over five dozen articles and multiple online professional development courses, Davis is on the cutting edge of today’s business world. Davis and Lynn have been married since 1970 and they have two daughters, two sons-in-law, three grandchildren and one dog. He is actively involved with his family, in his community and in his church where he leads an adult Bible Study class each week.


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