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Risk Management Fundamentals

Risk Management Fundamentals

Delivery

Face-to-face or virtual workshop

Duration

1 day

Master the Fundamentals of Risk Management

Centred on the ISO 31000:2018 Enterprise Risk Management Standard, this practical workshop offers an introductory understanding of risk management and its most authoritative international standard.

You will gain insights on integrating operational risk management into good corporate governance practices, along with learning how to calculate operational risk capital, identify and measure operational risks, and develop strategies for mitigating risk.

This course also provides an overview of regulatory requirements in risk management. A key aspect of the course involves the application of theory through the use of case studies.

Key Content

Definition of enterprise risk management and demystifying the language of risk

The necessity of embracing upside risk

Key elements of enterprise risk management

Methods to analyse and treat risk

Applying the ISO31000:2018 Risk Management Standard

How to integrate risk management across the organisation

Developing a thorough risk assessment process

Develop, implement and monitor risk management plans

Evaluation of risk treatment methods

Course Format

Duration

1 day

Delivery

Face-to-face or virtual workshop

Work-based activities, including presentations, group tasks and case studies

Understand the basics of enterprise risk management, its types, and its significance and application across various contexts

Learn techniques to identify and assess potential risks within a project or organisation

Explore methods to develop strategies for minimising and mitigating identified risks.

Understand how to continuously monitor risks and adapt strategies as needed.

Gain skills in effectively communicating risks to stakeholders and creating comprehensive reports.

Apply concepts through real-world case studies, analysing risk management in different scenarios.

Benefits for you

Build valuable and recognised knowledge and skill across risk management

Develop a deeper understanding of various risks and how they impact decisions and outcomes

Confidence to inform management and leadership in order to make more informed choices by incorporating risk considerations into key decisions

Learn to identify potential risks and address them proactively to avoid future challenges

Acquire skills to assess and manage risks, enhancing your problem-solving abilities

Benefits for your organisation

Improved governance and accountability through staff and management developing a proactive approach to identifying and mitigating risks, fostering a culture of preparedness

Support your teams to make more strategic decisions by considering potential risks and their impacts

Enhanced risk management leads to better project outcomes and a higher likelihood of meeting objectives

Effective risk management enhances credibility with stakeholders, clients, and partners

Any Questions?

If you would like assistance with your course selection, please complete the form below
or call 1300 950 251