Introduction to Risk Management

Introduction to Risk Management - Course Outline

 

Target Audience

Those who want to understand what risks their organisation or project faces; how to identify different types of risk and develop a plan to deal with those risks, enabling their organisation or project to succeed.

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What is Risk Management

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Risk management is the process of identifying, assessing and controlling threats to a company's capital and earnings. These threats, or risks, could stem from a wide range of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to alleviate them, have become a top priority for digitised companies. As a result, a risk management plan increasingly includes companies' processes for identifying and controlling threats to its digital assets, including proprietary corporate data, a customer's personally identifiable information (PII) and intellectual property.

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Every business and organisation faces the risk of unexpected, harmful events that can cost the company money or cause it to permanently close. Risk management allows organizations to attempt to prepare for the unexpected by minimising risks and extra costs before they happen.

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At Course Completion

After completing this course, students will be able to:

 

• Understand what risk is and how it applies to organisations and projects.

• Be able to identify different types of risk, opportunities and threats within your organisation or project.

• Understand how to effectively apply the principles of risk management.

• Be able to apply tools and techniques to identify and treat risks.

• Have developed a personal action plan for continued development in the workplace

 

Course Content

 

• Understanding what risk is and risk management principles.

• Understanding the impact of internal and external risk on
  organisational performance.

• Identifying the causes of risk.

• Identifying risk in organisations and projects, including tools
  and techniques to assist identification.

• Assessing the impact of risk on your business:

  • How to evaluate risk.

  • When to accept risk.

  • When to do something about it.

• How to control and manage risk and the benefits to your business of doing so,
  including:

  • Culture

  • Risk appetite

  • Communications

  • Risk reporting and registers.

• Prepare and develop a personal action plan to support your return to the workplace.

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Course duration: one day

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