Introduction To Risk Management 2023

Understanding Risk and Its Importance

What you'll learn

Introduction to Risk Management

Risk Managment elements

Introduction to Enterprise Risk managment

Integrating risk management into business strategy

Addressing risks at an organizational level

Effective communication of risks to stakeholders

Requirements

No prerequisite requirement

Some prior coursework in risk management

A basic understanding of business concepts

Business professionals looking to expand their knowledge and skills in risk management

Description

Welcome to "Introduction to Risk Management," a comprehensive course designed to equip you with the foundational knowledge and practical skills necessary to understand and navigate the complex world of risk management. In today's dynamic business and global landscape, the ability to identify, assess, and mitigate risks is crucial for the success and sustainability of any organization.This course offers a holistic overview of risk management principles, methodologies, and best practices, catering to both beginners and individuals seeking to enhance their existing knowledge. Through a combination of theoretical lessons, real-world case studies, and interactive discussions, you will gain insights into various types of risks that organizations face and the strategies to effectively manage them.The course may cover topics such as:Different types of risks, including financial, operational, strategic, compliance, and reputational risksRisk management frameworks, such as ISO 31000 or COSO, and how to apply them to an organization.Fundamentals of Risk Management: Delve into the basic concepts of risk, uncertainty, and probability, while understanding the distinction between different types of risks, such as financial, operational, strategic, and reputational.Risk Management Application.Types of ERM Framework.ERM Framework Elements.By the end of this course, you will have developed a solid foundation in risk management theory and practice, empowering you to contribute effectively to risk management initiatives within your organization or as a consultant. Join us in this educational journey to cultivate a proactive and informed approach to dealing with uncertainties and maximizing opportunities in today's dynamic business environment. Your journey towards becoming a proficient risk manager starts here.

Overview

Section 1: Introduction to Risk Management

Lecture 1 Definition of Risk

Lecture 2 HAZARD vs. RISK Vs. Perils Vs HARM

Lecture 3 Risk Base Thinking

Lecture 4 Risk Management

Lecture 5 Risk Management Fundamentals

Lecture 6 Risk Management Importance

Lecture 7 Risk Manager Role

Lecture 8 Individual Employee roles

Section 2: Enterprise Risk Management (ERM)

Lecture 9 Enterprise Risk Management (ERM)

Lecture 10 ERM Categories

Lecture 11 Approaches to ERM

Lecture 12 ERM Fundamental Concepts

Lecture 13 ERM Advantages

Lecture 14 ERM Disadvantages

Lecture 15 ERM Implementation Guide

Lecture 16 ERM Implementation Challenges

Lecture 17 EMR framework Types

Lecture 18 ISO 31000 ERM Framework

Lecture 19 The COSO ERM Integrated Framework

Section 3: ERM Framework Elements

Lecture 20 Risk Appetite

Lecture 21 Risk Appetite Statements (RAS)

Lecture 22 Risk Tolerance

Lecture 23 Risk Attitude

Lecture 24 Residual Risk

Lecture 25 Risk Reporting Dashboards

Lecture 26 RISK CAPACITY

Lecture 27 RISK TARGET

Lecture 28 RISK LIMIT

Lecture 29 Risk level

Lecture 30 RISK CRITERIA

Lecture 31 RISK EVALUATION

Lecture 32 RISK Prioritization

Lecture 33 Risk Response

Lecture 34 Risk Data Analytics

Lecture 35 Portfolio Risk Management

Lecture 36 Risk Management Plan

Lecture 37 Risk maturity

Lecture 38 Risk perception

Lecture 39 Risk magnitude

Lecture 40 Risk significance

Lecture 41 Risk Modeling

Lecture 42 Risk Governance

Section 4: ERM Framework Elements exam

Lecture 43 DOWNLOAD COURSE SLIDES

Anyone with an interest in understanding how to identify, assess, and manage risks to an organization's capital and earnings,Students and professionals in business and finance-related fields.,Management professionals, such as general managers, operations managers, and project managers,Compliance professionals,Entrepreneurs and small business owners who want to learn how to identify and manage risks in their business,Government and non-profit organization staffs who want to understand how to identify and manage risks in their organization,Professionals from other industries such as healthcare, construction, and manufacturing, who want to understand how to identify and manage risks in their respective industries.