Enterprise Risk Management

Develop the Risk Based Thinking for your Business Processes | Apply ERM in 5 Simple Steps to any Business

What you'll learn

Understand the terms related to risk management

Implement the basic risk management program for a project or operation

Participate in risk management sessions with good understanding of risk management

Requirements

No previous knowledge of risk management is expected.

No software requirements or prerequisite knowledge necessary

Description

Note: Students who complete this course have an option to apply for the certification exam by Quality Gurus Inc. and can achieve the Verified Certification from Quality Gurus Inc. It is optional and there is no separate fee for that.This course teaches the concepts of Risk Management in a simple to understand language. In addition to the basic definition and fundamental concepts related to Risk Management, this course also teaches how to implement Risk Management in an organization. Five steps of managing risk include:  Planning for Risk Management, Identifying Risks, Analyzing Risks, Planning Risk Response and Implementing, and Monitoring and Controlling Risks.Identified risks are recorded in the risk register. These risks are analyzed using quantitative or qualitative techniques. One qualitative technique which is commonly used is the Probability and Impact Matrix. I have explained this easy to use in detail in this course.  I have also included a template for Risk Register, which can help you get started with the implementation of Risk Management in your organization.Risks could be negative or positive (opportunity). What are the approaches to address positive and negative risks? ISO 9001:2015 requires Risk-Based Thinking to be applied to all processes.What is covered in this course?Section 01: Introduction to Risk ManagementA Defining RiskB Risk vs. IssueC Risk Appetite and ToleranceD Defining Risk ManagementE Risk Management PrinciplesF Application of Risk ManagementSection 02: Five Simple StepsA Plan Risk Management RiskB Identify RisksC Analyze RisksD Plan and Implement Risk ResponsesE Monitor and Control RisksSection 03: ConclusionA Risk RegisterB Risk Based ThinkingC Failure Mode and Effects Analysis (FMEA)What are other students saying about this course?The course is really helpful. It gives a comprehensive picture of ERM and has specific examples so I can understand it easily. (5 stars by Hoa Thi Tran)The course was a good match for me based on the task which I am currently doing. (5 stars by Suzan Shuma)Overall, it’s a great concept refresh exercise to listen in and get pointers on practices that we forget or don’t execute on our projects. (5 stars by Omar Mendez)Very well structured presentation. (5 stars by Chigozie Okonkwo)Clear and succinct introduction to risk management which can be immediately applied to your workplace. The study notes are great! (5 stars by Phua Li Ern Eleanor)What are you waiting for?This course comes with Udemy's 30 days money-back guarantee. If you are not satisfied with the course, get your money back.I hope to see you in the course.

Overview

Section 1: Introduction

Lecture 1 Introduction to Risk Management

Lecture 2 Definition of Risk

Lecture 3 Risk vs Issue

Lecture 4 Risk Appetite and Risk Tolerance

Lecture 5 Definition of Risk Management

Lecture 6 Eight Principles of Risk Management (ISO 31000:2018)

Lecture 7 Benefits and Application of Risk Management

Lecture 8 Download Section 1 Slides

Section 2: Five Simple Steps of Risk Management

Lecture 9 Step 1: Plan Risk Management

Lecture 10 Step 2: Identify Risks

Lecture 11 Step 3: Analyze Risks

Lecture 12 Step 4: Risk Response for Threats

Lecture 13 Step 4: Risk Response for Opportunties

Lecture 14 Step 5: Monitor and Control Risks

Lecture 15 Download Section 2 Slides

Section 3: Conclusion

Lecture 16 Risk Register - Template for Downloading Included

Lecture 17 Risk Based Thinking (ISO 9001)

Lecture 18 Failure Mode and Effects Analysis (FMEA)

Lecture 19 Download Section 3 Slides

Section 4: Bonus Section

Lecture 20 BONUS LECTURE

This course is intended for people who are new to risk management.,ISO 9001 2015 is introducing the concept of Risk Based Thinking. This has created an interest in Risk Management especially amonst senior management, quality managers and people associated with quality management.,The concept explained in this course are applicable to any industry or area,Employees in financial, medical, technology, research, military, insurance or other industries subjected to risk.