Risk Management
Learn how to effectively manage risk in a competitive business environment. This course covers strategies for avoiding, transferring, and mitigating threats, as well as responding to opportunities. Ideal for professionals, departmental leaders, and individuals in key roles looking to refine their strategic thinking skills and understand risk management.
What you’ll learn
- Match examples of avoiding threats to the appropriate methods
- Recognize methods of transferring threats
- Identify ways of mitigating threats
- Match types of threat acceptance to examples
- Sequence the responses to opportunities
- Recognize how to effectively use contingency response strategies
- Use techniques to effectively respond to risks
In a competitive business environment, all organizations must implement processes to manage risk effectively in order to achieve business and strategic objectives. Your organization encounters business risks on a daily basis; assuming risk in the pursuit of profit is the essence of a business. However, many organizations do not fully understand the risks they have assumed and whether it is monitored, managed, and aligned with their risk tolerance.
The step to take when managing risk, once you’ve identified and assessed risks to your organization, is to deal with them appropriately. Some risks may have a higher probability of becoming a reality than others, while others may have more of a negative impact. You’ll need to treat each of these types of risks differently.
This course discusses how to create an effective strategy for responding to risk, such as risk exposure adjustment and contingency planning. It also outlines specific strategic plans for dealing with a risk that may be a threat or an opportunity.
Target Audience:
Functional managers, professionals, departmental leaders, and
All individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management.
This course is covering the below topics :
Lecture 1: Course Overview
Lecture 2: Dealing with Risk
Lecture 3: Avoiding Threats
Lecture 4: Transferring Threats
Lecture 5: Mitigating Threats
Lecture 6: Accepting Threats
Lecture 7: Responding to Opportunities Effectively
Lecture 8: Contingency Response Strategies
Who this course is for:
- All individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management
- Departmental leaders
- Professionals
- Functional managers
There are no reviews yet.