business

Risk Management Workshop for the Pan-European Executive MBA students of CITY College for a 7th year!

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‘Risk Management: A way to avoid Crisis Management and Management of Losses’ was the title of  the workshop conducted with 2 teams of MBA students on 09th and 10th of April 2024. The workshop was conducted for a 7th year in a row and was addressed to 79 Pan-European Executive MBA 2nd year students of CITY College from 13 countries (Bulgaria, Romania, Serbia, Armenia, Georgia, Azerbaijan, Greece, Kosovo, North Macedonia, Iran, China, Ukraine and Albania). The Pan-European Executive MBA is a unique dual degree MBA programme jointly offered by CITY College, University of York Europe Campus and the Faculty of Economics and Management of the prestigious University of Strasbourg.

The current business climate is increasingly uncertain and companies need their employees to be competent, efficient and knowledgeable when it comes to managing Opportunities and Threats. Every employee need to ensure he or she is up-to-date on international standards and best practice required effectively mitigating threats and capitalizing on opportunities to save company’s time and money.

During our workshop, participants were familiarized with all the processes of Risk Management during a Project through a detailed and realistic scenario.

First, we read and analyzed our Project Charter and then participants were separated into teams and started to identify the Stakeholders of the Project.

Next step was the composition of our Risk Management Plan which was followed by the Identification of Opportunities and Threats of the Project. The workshop teams have used the appropriate Risk templates and fill them in after arguments regarding the nature of each Risk:

Afterwards, we discussed about the Analysis of the Identified Risks through Qualitative methods so as to prioritize Opportunities and Threats:

Our last actions were the Identification of Risk Responses and how we will monitor our Risks during the execution of the project:

The smiling faces at the end of the workshop are the evidence that objective was accomplished and knowledge was gained!

Special thanks to Mr. George (Harry) Efstathiadis & Mr. Leslie Szamosi for their trust all these years but also to Mrs. Malliadou Eleni, Mr. Mayridis Dimitris and Mr. Konstantinos Gourmos for their support!

Until next year!!!

Note: “PMI”, “PMP”, and “PMBOK Guide” are registered marks of the Project Management Institute, Inc.