Mondays Recommended CPD

Introduction to Risk Management

LearnThis free online Introduction to Risk Management course from Alison will teach you the essential terminologies, categories of risks, and risk management approaches and tools which you can apply to your organisation.
​Risk management helps identify, assess, and manage problems and is essential for the success of any business. With this course, you will get to know useful information about risk management that will serve you well in your career.

Learning outcomes;

• Define Risk Management and discuss examples.
• Describe different types of risk exposure.
• Summarize perils and hazards associated with managing risk.
• Discuss the importance of risk management methodology, to businesses and individuals.
• Identify common organizational risks and create risk maps using a severity and frequency grid, to communicate the importance of each risk.
• Compute the frequency and severity of losses.
• Forecast risk management measures and conduct a cost-benefit analysis for loss control.
• Explain risk transfer, avoidance and retention.
• Describe solutions suggested by a risk management matrix.