Course description
This fundamental risk management course is meant to give you strong foundations on risk management by introducing its fundaments and systematically building on the core principles of risk management in any organization. It will give you a thorough overview of risk management’s aspects, from the definitions to the main building blocks of risk management, to prepare you well for the market.
What will you study in risk management?
In this course, you will learn about all the risks that any organization faces daily. You will also learn about the elements that trigger these risks, risk management plans, drafting risk documentation, and developing a strategic plan. The practical skills of identifying, assessing, and managing organizational risks will also be learned. With these skills, you can reduce your organization’s liability, develop a safe working environment, and be ready for future risks.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Fundamentals of Risk Management Course by Rcademy is ideal for:
- Internal audit officer
- Governing body
- Senior management
- Internal control function
- Executive management and directors
- Middle management
- Compliance management
- Risk managers
- Risk auditors and compliance professionals
- Enterprise risk managers
- CEOs and entrepreneurs
- Anyone interested in understanding risk management
Outcome / Qualification etc.
The main objectives of The Fundamentals of Risk Management Course by Rcademy are to enable participants to be able to:
- Understand the fundamentals of risk management
- Learn details about risk tolerance, appetite, and escalation
- Study the organizations’ existing risk management framework
- Study risk formulation
- Explore the different stages of the risk management process
- Understand the enterprise risk management model
- Understand risk treatment
- Develop efficient risk structure and governance
- Understand risk ranking
- Develop a better risk management framework
- Build highly resilient risk management operation
- Clarify the roles and responsibilities of a risk manager
- Develop integrated approaches to monitoring risks
- Correctly assess, treat, and formulate business response plans
- Understand what constitutes an effective risk governance framework
Training Course Content
Module 1: The Process of Risk Management
- Risk formulation: the effects and factors of risk
- Establishing context
- Risk assessment methods, tools, and techniques
- Analysis and risk prioritization
- Risk ranking: the risk management ranking matrix
- Categorization of risks
- Risk identification
Module 2: Dealing with Enterprise Risk
- Existing risk culture
- How to identify risk maturity
- Better risk control methods
- Enterprise risk management
- Using the key risk indicators
- Business continuity plan and risk plans
- Managing enterprise challenges
- Organization resilience testing
- Developing a better risk register
Module 3: Fundamentals of Risk Management
- Risk management definitions
- Defining different types of risk
- Policies and Strategies in risk management
- Management methodologies and techniques
- Architecture or risk management
- Procedure and Protocols in risk management
- The risk management framework
- Why risk management is important
Module 4: Governance of Risk
- Governance strategies and methods
- Enterprise risk management framework
- The RAS (risk appetite statement)
- The three lines of defense model
- Boardroom risk governance
- The enterprise risk management roadmap
- Assurance functions in risk management
- Emerging Trends in risk governance
Module 5: The Process
- Identification, monitoring, and reviewing of risks
- Evaluation, vulnerability, and handling of risk
- Treatment and response to risks
- Improved communication, reporting, and risk escalation
- How to develop a better risk profile
- Evaluating the amount of risk correctly
Module 6: Steps of Risk Management
- Understanding the risk that surrounds us
- Maximizing opportunities and minimizing threats
- Context
- Risk assessment and awareness
- Taking action on the risk involved
- Recognizing effective controls
- Keeping the risk management process alive
- Creating important risk management reports
- Smart actions in risk management
- Guidance on responsibilities and policies
Module 7: Risk Management and Compliance
- Business Principles and important business statistics
- Employee compliance with legislation and law
- People-related risk management
- The process of risk management and compliance
- Business/organization legislation compliance
- Handling the law on risk management
- Ensuring compliance with the law
Module 8: Elements of Risk Management
- Individual and overall project risks
- Risk register and risk reporting
- Management plans and risk breakdown structures
- Analyzing risks
- Implementing the existing response plan
- The human side of risk management
- Tailoring considerations
- Challenges, roles, and responsibilities
- Monitoring and controls
- Criteria for success
- Planning the response plan
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...