Fundamentals of Risk Management 1: Introduction to Risk
In order to fully understand the nature of the risks that your company faces, risk needs to be described in terms of events, causes and consequences.
Our Introduction to Risk course will explain what risk is, how this is different to hazards and issues, the different types of risks, positive and negative risk outcomes, and how risks are classified.
- 30 Minutes
- All staff
- Based on best-practice risk management frameworks and suitable for global audiences.
Learning objectives
- Understand key concepts related to and definitions of risk
- Understand risk within the context of a risk event and its causes and consequences
- Pinpoint the difference between a risk and a hazard
- Identify common risk categories
- Distinguish between positive and negative consequences of risk
- Understand why it is essential to give risk due consideration in your day-to-day role
What can you expect your employees to learn?
Welcome
- Learning objectives
- How to complete this course
What is risk?
- Defining risk
- Understanding risk: Events, causes & consequences
- You decide: Understanding risk
What is a hazard?
- You decide: Risk or hazard?
Risk categories
- You decide: Identify the risk category
- Risk in the real world
Risks: Opportunities or threats?
- Scenario: Scott-Emmerson Imports
Risk in our company
- Scenario: Sasha reflects on risk
- Scenario: Regional suppliers
- Scenario: A promising lead
- Scenario: The local farm
Why is considering risk important?
Summary
Affirmation
Assessment
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Your questions, answered
Common FAQs
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Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.
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