Every organisation faces risks that, if not controlled effectively, could result in serious harm to people, the environment or operations. Critical Risk Management focuses on those few risks with the potential for catastrophic outcomes. It is a structured, proactive process to identify these critical risks, understand their causes and apply effective controls that prevent or minimise severe consequences.

At the heart of this approach is Critical Control Management, a practical system for defining, implementing and verifying the controls that matter most. It provides both prevention measures (controls that stop an unwanted event from occurring), mitigating measures (controls that will minimise the consequence following an unwanted event) and assurance measures (processes that test and confirm those controls are working as intended).

When integrated effectively, Critical Risk and Control Management form the foundation of an organisation’s operational resilience. When done well, they provide decision-makers with confidence that the right defences are in place, functioning reliably and supported by clear performance standards and verification data.

The Critical Risk Management & Control Assurance Program is designed to bring these principles to life. It bridges the gap between high-level frameworks like ISO 31000 and day-to-day operations, giving participants the tools to map risks, define controls and build assurance systems that genuinely protect people, assets and reputation.

This intensive two-day face-to-face program combines proven global methodologies with real-world application. Participants will build Bowtie analyses, determine which controls are critical, write performance standards and design verification activities that strengthen organisational assurance systems.

What You’ll Gain

By the end of the program, you’ll be able to:

• Apply ISO 31000 Risk Management framework to structure and guide your critical risk processes.

• Use the Bowtie methodology to clearly map hazards, causes, controls, and consequences.

• Identify and prioritise critical controls using the ICMM Critical Control Decision Tree.

• Develop clear, measurable performance standards that define how controls must operate.

• Design verification activities and assurance processes that test control effectiveness.

• Strengthen governance and reporting systems to support evidence-based decision making.

• Translate complex risk data into clear, defensible actions that drive operational resilience.

Who Should Attend

This program is designed for:

• Safety and risk professionals

• Operational leaders and supervisors

• Managers, risk owners and control owners

• Anyone responsible for implementing or verifying risk controls

Program Details

• Duration: 2 Days (9:00am–5:00pm each day)

• Delivery: Face-to-Face (Dubbo, NSW)

• Investment: $1,900 + GST per participant

• Seats: Limited places

• Inclusions: Course materials, tea, coffee, morning tea and lunch provided

Program Outline

Day 1: Critical Risk Management

• Understand critical risk principles and how they align with ISO 31000.

• Identify hazards and unwanted events that could lead to catastrophic outcomes.

• Apply the Bowtie methodology to map causes, controls and consequences.

• Build Bowtie diagrams using real workplace examples.

• Assess control effectiveness and identify improvement opportunities.

Day 2: Control Assurance and Verification

• Apply the ICMM Critical Control Decision Tree to confirm which controls are critical.

• Develop measurable performance standards that define how controls must operate.

• Design verification and assurance activities that test control effectiveness.

• Integrate verification results into governance and reporting systems.

• Group exercise: develop a control assurance plan for a real-world scenario.

Why Attend

Our Critical Risk Management & Control Assurance Program Program bridges the gap between theory and practice. Equipping professionals with globally recognised tools and locally applicable methods. Whether you lead a team, manage risk systems or verify controls, this program will change the way you think about risk and control assurance.

Register Now

Secure your place and take the next step in building capability that lasts. Please select 'manual payment' in the checkout if you would like to receive an invoice. Please forward purchase orders to accounts@oranaskillscentre.com.

In-House Bookings

If you have 6 or more participants, please contact info@oranaskillscentre.com or 1800 231 173 to arrange an in-house course.

Frequently Asked Questions

Is this course designed for a specific industry?

No. The principles of critical risk and control assurance apply across all industries. While examples in the program are drawn from mining, manufacturing, energy and government sectors, the tools and frameworks are relevant to any organisation that manages operational or strategic risk.

I don’t have a safety background, can I attend?

Yes. The program is designed for both technical and non-technical professionals. Many participants come from management, quality, compliance or operational roles and gain practical insight into how risk and control management can be applied in their own context.

Will I receive a certificate of completion?

Yes. All participants receive a Certificate of Completion at the end of the two-day program, recognising their participation in the Critical Risk Management & Control Assurance Program.

Do you offer this program in-house for organisations?

Yes. We can deliver the program in-house for groups of six or more participants and tailor examples to your organisation’s operations. Contact info@oranaskillscentre.com to discuss your requirements or request a proposal.

Do I need to bring anything with me?

All materials are provided, including your workbook, templates and Bowtie resources. You’re welcome to bring your organisation’s risk register or Bowtie examples if you’d like to apply the learning directly.

Is this program nationally accredited?

No. This is a professional development program designed to enhance capability in critical risk and control assurance. It aligns with ISO 31000 Risk Management and ICMM Critical Control Management guidance but is not part of the AQF qualification framework.