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 Duration 14 hours

Course Outline

Defining Business Problems

1. Understanding the Nature of Business Problems

  • Distinguishing problems from symptoms
  • The business context surrounding the issue
  • Consequences of misdefining the problem

2. Techniques for Problem Identification

  • Analyzing stakeholders
  • Effective information gathering
  • Organizing observations systematically

3. Structuring Problems

  • Decomposing issues into key elements
  • Mapping cause-and-effect links

4. Prioritizing Problems

  • Applying business criteria
  • Assessing the magnitude of impact
  • Evaluating urgency and complexity

Risk Assessment

1. Fundamentals of Risk Assessment

  • Defining risk
  • Categories: Operational, project, and strategic risk

2. Identifying Risks

  • Origin points of risk
  • Distinguishing internal vs. external risks

3. Evaluating Risks

  • Probability of occurrence
  • Potential impact
  • Utilizing risk matrices

4. Formulating Risk Responses

  • Avoidance strategies
  • Mitigation tactics
  • Acceptance criteria

5. Reporting on Risk

  • Communicating risks effectively to stakeholders
  • Continuous risk monitoring

 

Requirements

  • Practical experience in business analysis, project coordination, or leadership roles that involve strategic decision-making.
  • Foundational knowledge: A solid grasp of business processes and project lifecycles (mid-level proficiency).
  • Core Competencies: Basic proficiency in logical reasoning frameworks.

Target Audience:

  • Business Analysts
  • Project Managers,
  • Team Leaders and Decision-Makers.

 

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