Course description
Fundamentals of Risk Management
Managing risk is an inherent part of delivering organisational success today. This course covers the fundamentals of enterprise risk management in a dynamic and interactive learning environment. The course will use the theory and practice of risk management in line with international standards (ISO 31000) and industry best practices.
The course uses a combination of case studies, practical exercises and current affairs to bring material to life. Our trainers will bring you a wealth of industry expertise. Upon completion of this course, you should have a solid understanding of how effective risk management can benefit your organisation. There will be a short quiz, at the end of the course to recap what you've learned.
We also run this course in person in London at the IRM head office as it is one of the most popular courses we offer.
Upcoming start dates
Suitability - Who should attend?
Anyone who needs to understand risk management and the role it plays in their area of business (operational and support managers)
Anyone who needs to know how risk affects strategy and decision-making - (Senior Executives)
Anyone new to risk who wants to feel more confident in enterprise risk management
Anyone who wishes to enter the risk profession
Anyone looking for a refresher to enhance their knowledge
Students who wish to use the course to support their study material for the certificate and diploma (IRM students)
Anyone who needs to know about the relationship between risk management and audit and compliance (Risk, Audit and Compliance professionals)
Outcome / Qualification etc.
Understanding key risk management terminology and applications in an organisational context
Practical risk management tool kit designed for immediate use in your role
Best practice sharing and networking with like-minded professionals from across the globe
12 CPD hours
Training Course Content
1) Setting the scene
- Understanding risk maturity
- Understanding the risks around us
2) What is Risk?
- Learn How to define Risk
- Understanding how risk management can be used to both maximise opportunities and minimise threats
- Understanding the principles and processes of risk management
- Establishing the attributes of effective risk management
3) Context and Objectives
- Understanding the purpose and scope of risk management
- Establishing the relevant risk framework including roles & responsibilities, policies and appropriate guidance
- Develop an awareness of risk appetite
4) Risk Assessment
- Gain and Awareness of identification techniques
- Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties and risk matrices
- Practically applying risk assessment using case studies to identify and analyse
5) Risk Action
- Understanding risk treatment plans and smart actions
- Recognising control effectiveness
- Awareness of business resilience
6) Monitoring, Communication and Reporting
- Techniques to keep the risk management process alive through effective monitoring and reviewing
- Develop an appreciation of effective risk reporting
- How to effectively communicate risk to all levels of your organisation and external stakeholders
Reviews
Average rating 5
It was excellent to bounce off the other delegates on the course and learn from their experiences or knowledge as the training re-affirmed and further developed my background kn...
Expenses
Course fees are:
- IRM members: £795+ VAT
- Non-members: £895 + VAT
In-house training
The IRM also delivers courses in-house for groups, teams and companies.
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IRM - Risk Management Training & Qualifications - Open or Distance Learning
The Institute of Risk Management (IRM) is the leading body for professional Enterprise Risk Management (ERM). We provide globally recognised qualifications and training, publish research and guidance and set professional standards. We are a not-for-profit organisation, with IRM members working in all...
Kate & Emer were fantastic. My fear was that it could be quite a boring course given the subject, but in reality it was actually very good indeed and a big part of that was how ...