Risk is the driving force behind every business venture, so it's important to understand risk and plan for it. In order to manage risk, however, leaders first need to assess the risk factors that threaten their organization so that they can create a strategy to avoid or mitigate that risk. This course examines the techniques commonly used to assess risk, including opportunity assessment, and threat assessment using FMEA - Failure Mode and Effect Analysis.

Learning objectives

  • Determine the techniques most appropriate to assess risks
  • Recognise key risk assessment concepts
  • Assess an opportunity
  • Calculate the risk priority number for a threat

Audience

Decision makers at all levels in an organization interested in learning about the issues relating to risk and risk management

60 Minutes

365 Days

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