Risk Management fundamental
Module 1: Introduction to Risk Management
- 1.1 What is Risk?
- Definition of risk
- Types of risks (strategic, operational, financial, compliance, etc.)
- 1.2 What is Risk Management?
- Purpose and importance
- Key principles of risk management
- 1.3 The Risk Management Process Overview
- Steps in the risk management cycle
Module 2: Identifying Risks
- 2.1 Sources of Risk
- Internal vs. external risks
- Common risk sources in organizations
- 2.2 Risk Identification Techniques
- Brainstorming
- Checklists
- Interviews and surveys
- SWOT analysis
- 2.3 Documenting Risks
- Risk registers
- Risk statements
Module 3: Risk Assessment and Analysis
- 3.1 Qualitative Risk Assessment
- Likelihood and impact scales
- Risk matrix
- 3.2 Quantitative Risk Assessment
- Probability calculations
- Scenario analysis
- 3.3 Prioritizing Risks
- Risk ranking and scoring
Module 4: Risk Response and Treatment
- 4.1 Risk Response Strategies
- Avoidance
- Reduction (mitigation)
- Transfer (insurance, outsourcing)
- Acceptance
- 4.2 Developing Risk Action Plans
- Assigning responsibilities
- Setting timelines and resources
- 4.3 Implementing Controls
- Preventive and detective controls
Module 5: Monitoring and Reviewing Risks
- 5.1 Continuous Monitoring
- Key risk indicators (KRIs)
- Regular risk reviews
- 5.2 Reporting and Communication
- Risk reporting formats
- Stakeholder communication
- 5.3 Learning from Incidents
- Case studies
- Lessons learned
Module 6: Embedding Risk Management in Organizational Culture
- 6.1 Building a Risk-Aware Culture
- Leadership and tone at the top
- Training and awareness programs
- 6.2 Integrating Risk Management with Business Processes
- Linking risk management to strategy and operations
Module 7: Case Studies and Practical Applications
- 7.1 Real-World Risk Management Examples
- Industry-specific scenarios
- 7.2 Interactive Exercises
- Risk identification workshop
- Risk assessment simulation