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Fundamentals of Risk Management 3: Risk Identification

Risk identification is a process carried out to obtain a holistic view of the risks a company is exposed to.

This process aims to understand the company's overall risk profile and factor this into risk decision-making when working to achieve business objectives.

In our Risk Identification course, you'll learn about the different types of risks you face as well as the methods and techniques you can use to identify them.

Get started Course details
  • 45 Minutes
  • All staff
  • Based on best-practice risk management frameworks and suitable for global audiences.

Learning objectives

  • Understand the importance of risk identification within the context of the
    Management of Risk (MoR) framework
  • Identify various types of risks using different methods and techniques
  • Describe risk in terms of events, causes and consequences
  • Understand where and how to document the outputs of a risk identification exercise
  • Recognise the key challenges involved when identifying risk

    What can you expect your employees to learn?

Welcome

  • Learning objectives
  • How to complete this course

What is risk identification?

Categories of risk

  • Financial risk
  • Strategic risk
  • Operational risk
  • External risk
  • Describing risk: Events, causes & consequences
  • You decide: True or false?
  • Additional ways to identify &consider risk

The MoR framework

  • Scenario: Empitour's expansion plans
  • Scenario: Fraud risks & company expansion

Using methods & techniques to identify risk

  • Methods & techniques to identify risk
  • Group communication techniques
  • Scenario: What methods should Paul use?

Strengths, weaknesses, opportunities & threats (SWOT) analysis

  • Using SWOT analysis to understand fraud risk.

PESTLE analysis

  • You decide: PESTLE analysis

Documenting the outputs of a risk identification exercise

Challenges with identifying risk

  • Avoiding too much focus on history
  • Scenario: Recognising the challenges

Summary

Affirmation

Assessment

Does your company have…

Under 50 employees?

We recommend our CoreCompliance solution, perfect for smaller teams. Start your training immediately with pre-configured, ready-to-go courses.

Learn more

Over 50 employees?

Identify risks, avoid violations, and safeguard your business. Our bribery prevention training teaches you how to protect your organisation’s reputation and avoid costly errors.

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Your questions, answered

Common FAQs

Are the courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Can users only view the courses assigned to them?

Yes. Users can view all the courses in the portal that have been assigned to them as either mandatory or optional. Courses that are mandatory will have a deadline shown.