Risk Management

DURATION:
15 hours
ID:
LM007

Location

UAE, Jordan, Online Training

Risk management ensures that an organization identifies & understands the risks to which it is exposed. Risk management also guarantees that the organization creates & implements an effective plan to prevent losses or reduce the impact if a loss occurs.

A risk management plan includes strategies & techniques for recognizing & confronting these threats. Good risk management doesn’t have to be expensive or time consuming; it may be as uncomplicated as answering these three questions:

  • What can go wrong?
  • What will we do, both to prevent the harm from occurring & in response to the harm or loss?
  • If something happens, how will we pay for it?

Risk management provides a clear & structured approach to identifying risks. Having a clear understanding of all risks allows an organization to measure & prioritize them & take the appropriate actions to reduce losses.

Outline

  • Definition of Risk, and Risk Management
  • Advantages of Risk Management
  • Certainty, Risk, and Uncertainty
  • Risk Management Process
  • Risk Planning
  • Risk Assessment
  • Risk Identification
  • Risk Analysis
  • Risk Handling
  • Risk Monitoring
  • Crisis Management
  • Emergency Management
  • Examples and Case Study

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