Risk Management for Businesses and Organizations

Risk Management is commonly being seen as most applicable to large organizations as it requires heavy allocation of resources. However, establishing a business and organizational-wide risk management is crucial to any business, regardless of its nature and size. The digitalization of the world today brings new and more resource-effective ways for businesses to obtain the info and tools needed for business improvement. Hence, this self-paced online course offers the possibility for businesses and organizations of all sizes and types to gain access to quality learning materials and templates on risk management at a fraction of the cost, allowing them to also be able to establish risk management as to how large organizations do.

This course covers all the main elements for a successful implementation of risk management, from developing the framework to carrying out the five risk management processes.

Course Outline

Module 1: Introduction to Risk Management

• Definition of risk management
• Understanding the importance of risk management to businesses and organizations

Module 2: Developing the Risk Management Framework

• Understanding the Type of Risk
• Creating a risk management framework for learners’ businesses or for the organizations that they belong to

Module 3: Risk Identification and Risk Analysis

• Risk Elements and Risk Descriptions
• Risk Articulation
  • Risk Triggers
  • Risk Consequences

Module 4: Risk Assessment

• Risk Exposure
  • Risk Likelihood and Risk Impact
• Risk Matrix & Risk Outcome

Module 5: Risk Action Plan & Risk Reporting

• Risk Response
• Risk Appetite
• Risk compilation & report writing