Introduction to Risk Management

Course Code

RKI2 

Overview

According to the ISO 31000 definition, risk is 'the effect of uncertainty on objectives'. This 'effect' can either be positive or negative, so we can think of risks as being either threats or opportunities. Therefore, risk management can be defined as the process of identification, assessment, prioritisation and action to take control of the probability and impact of risk, by coordinated application of available resources, in order to minimise the losses from possible threats and maximise the gains from possible opportunities. Risks can arise from uncertainties which exist in the external environment, strategy and policy settings, organisational change through programmes and projects, and business as usual operations.

Risk management has become an integral part of every business model.  In today’s business environment, risk management skills are becoming essential for managers across all levels of the organisation.

Introductory risk management is an excellent entry level course to the basic concepts of risk management using the ISO 31000 risk management standard as the foundation of the course. The course is designed to help non-risk professionals grasp the basic and most important concepts of risk management.

Course Objectives

At the end of this briefing delegates will be able to:

• Convey the importance of risk management to their organisation.
• Enhance the quality of work performed as risk is proactively managed.
• Apply new skills and capabilities.
• Improve the overall effectiveness of their risk management framework

Who Should Attend

Members of Corporate Boards and Risk Management committees, Executives and Business Managers, centre of excellence staff, Project and Programme Managers and others responsible for developing, approving or using organisational frameworks for manging operational, project, programme and strategic risk.

Prerequisites

There are no prerequisites for this briefing.

Course Content

The briefing will cover the following topics:

• Risk management basics
• Introduction to ISO31000 risk management principles and guidelines
• Importance of communicating and consulting
• How to establish the context of risk management
• Risk identification, analysis and evaluation
• Addressing risks – control identification and assessment
• Risk management planning and monitoring
• Applying ISO31000 to your organisation

Exam

There is no exam associated with this briefing.

Included with this Course

• Briefing Workbook

Duration

2 days.

Delivery modes

We run this briefing only when there is sufficient demand. We keep track of people with particular needs, and contact them when we are able to meet their need. If this is you, please register your interest in this briefing and we will add you to the waiting list. Alternatively, you can request a quote for an in-house course.

If you're after something a little different to the briefing described on this page, we may be able to assist. All of our offerings can be tailored to meet your specific needs. Please contact us to discuss your requirements.

Continuing Professional Development

Institute	Points	Reference
AIPM	4 CPD points	Check
PMI	4 PDU points	Check

 

 

 

Follow-on Courses

We recommend that participants who need a robust approach to risk at programme level should consider our Combined PRINCE2^® Foundation and Practitioner course.

We recommend that participants who need a robust approach to risk at programme level should consider our Combined MSP^® Foundation and Practitioner course.

PRINCE2^® and MSP^® are Registered Trade Marks of AXELOS Limited.

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