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Online Course: How to Conduct High Quality Risk Assessment

 

 

 

Approved for RIMS Fellow credit

 

RISK ASSESSMENT - WHAT IS BEST PRACTICE?
Studies show that many are struggling with developing reliable risk information. Sound risk assessment is the cornerstone of enterprise risk management, yet there is a veritable crisis in risk ID methods. What is needed is a rigorous and structured method, applicable in any business or planning context, that gives fresh and insightful results. This online course sets out the principles, illustrated through case studies, as well as exercises to show how to prepare and lead effective risk assessments.

 
PREVIEW
: Introductory Presentation: The Challenge of Developing Good Risk Information.

REGISTER at RIMS SITE
Course information and 'Add to Cart' - Risk & Insurance Management Society.
1. Register and pay at RIMS.
2. You will be directed to create an account.
3. We switch on your access!

WHO SHOULD TAKE THIS COURSE?
- chief risk officers and risk managers;
- analysts and program leads responsible for conducting risk assessment;
- strategic and program planners, public and private sectors;
- those charged with establishing or improving the ERM program.

BENEFITS
Put an end to vague, disorganized, low quality risk information:

  •  turn around your ERM program; become a corporate leader;
  •  make risk assessment relevant to corporate goals and a sound basis for decision-making;
  •  substantiate your planning and budget proposals;
  •  demonstrate to stakeholders that your program has credibility;
  •  show due diligence and support good governance.

PROGRAM OUTLINE
The program is presented in 5 modules; the course takes 10-15 hours to complete. Each Learning Module consists of an introductory video, a narrated slide presentation, case studies, exercises, answer keys, a wrap-up audio discussion, and templates and resources for you to apply the concepts. Materials are made available in pdf, mp3 and Word formats for downloading.

LEARNING MODULES

1. Establish the Context – structure of the context; why this is the single most undervalued part of risk assessment process.

2. Identify Risk – the features of effective risk ID methods; how to be comprehensive; how to formulate risks; facilitating a round table.

3. Assess Risk – four filters to determine response to risk; balancing quantitative and qualitative assessment; controls and tolerance.

4. Mitigate Risk – the importance of creativity and innovation in mitigation; examples of breakthrough mitigation.

5. Monitor and Manage Risk – how to integrate risk methods into regular management; how to support major decision-making.

 

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