# Risk Assessment

**Canonical URL:** https://www.skillcast.com/courses/fundamentals-of-risk-management-5-risk-assessment-training-course
**Canonical link:** `<link rel="canonical" href="https://www.skillcast.com/courses/fundamentals-of-risk-management-5-risk-assessment-training-course">`
**Provider:** Skillcast
**Duration:** 45 minutes
**Format:** In-depth

## Description

The output of a risk assessment helps determine a firm's risk appetite and approach to risk management. Therefore, risk assessments are essential. A risk assessment is a systematic process used to identify risks and evaluate key risk elements which include probability, impact and the expected value or cost. Our Risk Assessment Course will help you learn how to assess the probability and impact of risk as well as understand the different methods of analysing it.

## Learning Objectives

- Perform the overall risk assessment process
- Estimate the probability and impact of risks
- Assess the proximity and expected value of risks
- Use different methods and techniques to assess risks, such as risk matrices and heat maps
- Distinguish between inherent and residual risk
- Understand how risk models work and how you can apply them
- Create a summary risk profile and risk map for any risks you come across in your role

## Structured data (JSON-LD)

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  "@type": "Course",
  "name": "Risk Assessment",
  "description": "The output of a risk assessment helps determine a firm's risk appetite and approach to risk management. Therefore, risk assessments are essential. A risk assessment is a systematic process used to identify risks and evaluate key risk elements which include probability, impact and the expected value or cost. Our Risk Assessment Course will help you learn how to assess the probability and impact of risk as well as understand the different methods of analysing it.",
  "url": "https://www.skillcast.com/courses/fundamentals-of-risk-management-5-risk-assessment-training-course",
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    "name": "Skillcast",
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  "timeRequired": "PT45M",
  "teaches": [
    "Perform the overall risk assessment process",
    "Estimate the probability and impact of risks",
    "Assess the proximity and expected value of risks",
    "Use different methods and techniques to assess risks, such as risk matrices and heat maps",
    "Distinguish between inherent and residual risk",
    "Understand how risk models work and how you can apply them",
    "Create a summary risk profile and risk map for any risks you come across in your role"
  ],
  "learningResourceType": [
    "In-depth"
  ]
}
```