Risk management

You'll learn

• The principles of risk management.
• How to identify, analyse and evaluate risks.
• Tools to help you plan for and respond to risks, quickly and effectively.
• Techniques to effectively communicate and consult with stakeholders as part of the risk management process.

You'll be able to

• Better identify, manage and minimise risks – and implement an effective risk management system in your organisation.

Course outline

• An overview of risk management
• Understanding uncertainty
• Risk management plan
• Risk management process
• Communication and consulting about risk
• Why
• How
• Developing a plan
• Establishing the risk content
• The external context
• The internal context
• Developing risk criteria
• Identifying risks
• What comprises risk
• How to identify risk
• Building a risk register
• Documenting the risks identified
• Risk Analysis
• Determining likelihood and consequences
• Qualitative tools of analysis
• Semi-quantitative tools of analysis
• Measurement and scales
• Level of risk
• Risk categorisation
• Risk priorities
• Documenting the outcomes of the analysis
• Evaluating risks
• Criteria for risk evaluation
• What is tolerable risk?
• Risk response planning
• Identifying options for treating risk
• Evaluating options for treating risk
• Preparing a risk treatment plan
• Monitoring and reviewing risk treatment effectiveness
• Why the need?
• Assuring and monitoring risk
• Measuring risk management
• Post-event analysis
• Recording the risk management process
• Documentation
• Establishing effective risk management
• Key elements revisited

AU$299