Risk Basics


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number


Overview/Description
In today's management revolution, risk is an inherent factor. Your success depends upon an ability to understand and operate in a mine field where opportunities abound, but disaster could strike at any moment. Avoiding disaster is no longer left to luck, but is carefully controlled through risk management. The information presented in this course about risk and the techniques for safeguarding against risk are vital survival tools for today's business environment. When the task is difficult and the risk is real, how comfortable are you? This course can bolster your management and leadership abilities by increasing your comfort level with risk management.

Target Audience
Managing directors, financial directors, heads of operations, team leaders, executives, risk managers, and decision-makers

Expected Duration (hours)
2.0

Lesson Objectives

An Introduction to Risk

  • recognise the value of risk management.
  • identify the historical techniques of risk management that originated during the Renaissance.
  • match the risk-related phrases with their appropriate definitions.
  • choose the role that regret plays in managing risk.

    • Individual Risk-taking

  • recognise the benefits of personal risk-taking.
  • choose the characteristics of a risk-taker.
  • specify the steps that enhance risk-taking abilities.
  • arrange in sequence the steps that prepare others to take risks.

    • Risk in the Organisation

  • recognise the benefits of an organisational environment that promotes risk-taking.
  • identify the characteristics of a culture of risk.
  • specify how productivity is increased through risk.
  • identify the internal pressure areas that can become risk indicators in an organisation.

    • Elements of Risk Management

  • recognise the benefits of using the elements of risk management.
  • identify how time affects managing risk.
  • identify the uses of scenarios in managing risk.
  • identify the use of benchmarks in managing risk.

    • Course Number:
    PD8241