This course introduces participants to the principles and practices of effective risk management across various organisational settings. It provides a structured approach to identifying, assessing, and responding to potential risks that could impact objectives, operations, or reputation. By the end of the course, participants will be able to develop practical risk strategies that support decision-making and resilience.
TARGET AUDIENCE FOR THE COURSE:
- Professionals responsible for risk analysis or operational planning
- Supervisors and managers involved in safety, finance, or compliance
- Individuals seeking to understand risk in organisational environments
COURSE OBJECTIVES:
- Understand the concept and categories of organisational risk
- Identify internal and external sources of risk
- Conduct basic risk assessments and prioritise risk levels
- Apply techniques to mitigate or transfer risk
- Establish monitoring processes for emerging risks
- Integrate risk thinking into day-to-day operations
- Support organisational preparedness and continuity
COURSE TOPICS:
❖ Introduction
- Definition and significance of risk in organisations
- Common types of risk (strategic, operational, financial, reputational)
- Basic risk management cycle
- Risk perception and stakeholder concerns
❖ Risk Identification and Assessment
- Sources and triggers of risk
- Tools for identifying potential threats
- Qualitative and quantitative risk analysis
- Risk matrices and scoring systems
❖ Mitigation and Response Planning
- Risk avoidance, reduction, sharing, and acceptance
- Developing action plans and controls
- Assigning roles and responsibilities
- Maintaining flexibility in risk response
❖ Monitoring and Integration
- Continuous risk monitoring methods
- Reporting and communication of risks
- Embedding risk awareness into work culture
- Reviewing and updating risk frameworks
