Risk Management: Fundamentals

Overview

For many companies, taking risks is synonymous with innovating and responding to change. Without embracing some level of risk, companies actually put themselves at greater risk of failure. Risk management is the process of identifying, assessing and controlling threats to a business. Potential risks facing a company could include security breaches, internal problems with employees or operating systems, market or regulatory changes, natural disasters, and much more. A good risk management system will consider a wide variety of possible scenarios and prioritise the ones most likely to actually happen.

Objectives

In this course you will learn:

• Guide to developing a risk management system
• Types of risk (operational, financial, security, compliance, and more) and how to mitigate them
• How to evaluate risk
• What a risk register is and how to design one