Seeing Around Corners: The Art & Science of Risk Management
The concept of risk can be scary, but it's an inherent part of doing business — and of everyday life. True risk management is a disciplined science, grounded in probabilities and statistics, coupled with the good judgment to know that since we can't eliminate every risk, the real goal is to get your risk level down to something you can live with.
This course teaches you the framework risk professionals use — poker players, lawyers, business strategists — to identify, analyze, and judge which risks to accept, which to mitigate, which to transfer to someone else, and which to avoid altogether.
We go through each step one by one. We cover the organizational thinking traps that prevent proper risk identification and how to set up a recurring risk identification process so you are never blindsided by what you should have seen coming. Risk quantification formulas and techniques — combined with statistics, probabilities, game theory, and the prisoner's dilemma — form our risk analysis architecture, and we cover when to document your risk analysis, and which documentation techniques can protect you if things go wrong despite using a sound risk management process. Finally, we move into the judgment phase where business and legal strategy combine with risk tolerance, specific interests, and a prioritized view of targeted outcomes to inform your decision on what to do next.
This course is taught by Melinda Milheim, JD, who has spent thirty years studying human behavior — including how people approach risk, negotiate, and make decisions under uncertainty — across decision science, behavioral economics, game theory, and the law. She put it to work where the stakes were real, on more than $7.7 billion in federal contracts for major weapon systems, missile systems, engineering, and R&D programs — the kind of high-dollar, high-consequence work where a missed risk doesn't mean a bad quarter, it means catastrophic failure. Identifying exposure, quantifying it, and deciding how to handle it wasn't theory on those programs; it was the job. She draws on that experience, along with her law degree and MBA studies, to teach risk management in a way your team can use the next day. An award-winning instructor, featured speaker, and content creator, she is also the author of the forthcoming book Powder Keg: The Science & Strategy of Successful Negotiations.
Best for: teams, managers, and leaders responsible for protecting their organization from risk — operational, financial, strategic, or reputational. Ideal for building a stronger, more proactive risk culture.
Format: One day, delivered in person or virtually. Phoenix Canyon issues every attendee a certificate of completion documenting the training hours as well as CEUs and CLPs earned. Attendees earn 8 CLPs/0.8 CEUs. Some organizations apply these toward Continuous Learning or Professional Development requirements; please check with your workplace to confirm their policy.
You might also consider
Critical Thinking: Outsmarting Your Own Mind — risk management runs on clear thinking; go deeper on the cognitive discipline that separates good judgment from gut reaction, and the traps that fool even smart, experienced people.
Skilled Decision Making: The Difference Between Being Good and Being Lucky — the science of deciding under uncertainty, expanded — how to make high-stakes calls you can defend, and judge them by the quality of the thinking, not just the outcome.
Mind Games & Money Moves: The Psychology of Negotiation — Anytime you can’t get what you need without the cooperation of someone else, you are negotiating. In this course you’ll learn the science and strategy of getting the outcome you want.
Pricing is set per engagement. Contact Phoenix Canyon to request a quote.
The concept of risk can be scary, but it's an inherent part of doing business — and of everyday life. True risk management is a disciplined science, grounded in probabilities and statistics, coupled with the good judgment to know that since we can't eliminate every risk, the real goal is to get your risk level down to something you can live with.
This course teaches you the framework risk professionals use — poker players, lawyers, business strategists — to identify, analyze, and judge which risks to accept, which to mitigate, which to transfer to someone else, and which to avoid altogether.
We go through each step one by one. We cover the organizational thinking traps that prevent proper risk identification and how to set up a recurring risk identification process so you are never blindsided by what you should have seen coming. Risk quantification formulas and techniques — combined with statistics, probabilities, game theory, and the prisoner's dilemma — form our risk analysis architecture, and we cover when to document your risk analysis, and which documentation techniques can protect you if things go wrong despite using a sound risk management process. Finally, we move into the judgment phase where business and legal strategy combine with risk tolerance, specific interests, and a prioritized view of targeted outcomes to inform your decision on what to do next.
This course is taught by Melinda Milheim, JD, who has spent thirty years studying human behavior — including how people approach risk, negotiate, and make decisions under uncertainty — across decision science, behavioral economics, game theory, and the law. She put it to work where the stakes were real, on more than $7.7 billion in federal contracts for major weapon systems, missile systems, engineering, and R&D programs — the kind of high-dollar, high-consequence work where a missed risk doesn't mean a bad quarter, it means catastrophic failure. Identifying exposure, quantifying it, and deciding how to handle it wasn't theory on those programs; it was the job. She draws on that experience, along with her law degree and MBA studies, to teach risk management in a way your team can use the next day. An award-winning instructor, featured speaker, and content creator, she is also the author of the forthcoming book Powder Keg: The Science & Strategy of Successful Negotiations.
Best for: teams, managers, and leaders responsible for protecting their organization from risk — operational, financial, strategic, or reputational. Ideal for building a stronger, more proactive risk culture.
Format: One day, delivered in person or virtually. Phoenix Canyon issues every attendee a certificate of completion documenting the training hours as well as CEUs and CLPs earned. Attendees earn 8 CLPs/0.8 CEUs. Some organizations apply these toward Continuous Learning or Professional Development requirements; please check with your workplace to confirm their policy.
You might also consider
Critical Thinking: Outsmarting Your Own Mind — risk management runs on clear thinking; go deeper on the cognitive discipline that separates good judgment from gut reaction, and the traps that fool even smart, experienced people.
Skilled Decision Making: The Difference Between Being Good and Being Lucky — the science of deciding under uncertainty, expanded — how to make high-stakes calls you can defend, and judge them by the quality of the thinking, not just the outcome.
Mind Games & Money Moves: The Psychology of Negotiation — Anytime you can’t get what you need without the cooperation of someone else, you are negotiating. In this course you’ll learn the science and strategy of getting the outcome you want.
Pricing is set per engagement. Contact Phoenix Canyon to request a quote.