The 2024 Effective Risk Management Toolkit in Business World

Learn the world-class risk management tools to manage risks effectively in any organization

4.29 (7 reviews)
Udemy
platform
English
language
Management
category
The 2024 Effective Risk Management Toolkit in Business World
12
students
3 hours
content
Feb 2022
last update
$19.99
regular price

What you will learn

Learn the world-class risk management tools to manage risks effectively in any organization

Describe the roles and responsibilities of: Business Units; Risk Management Division and Internal Audit in managing risks

Understand the modern Risk Management tools in elite organizations like : CRSA, KRI, LED, Scenario Analysis

Understand the common risk language and vocabularies that are being used by most organizations in today's world

Description

The uncertain economic times of the past few years have had a major effect on how companies operate these days. Companies that used to operate smoothly with the help of forecasts and projections now refrain from making business judgements that are set in stone. Now, companies have a renewed focus: to manage risk.

Risk is the main cause of uncertainty in any organisation. Thus, companies increasingly focus more on identifying risks and managing them before they even affect the business. The ability to manage risk will help companies act more confidently on future business decisions. Their knowledge of the risks they are facing will give them various options on how to deal with potential problems.

Risk management is important in an organisation because without it, a firm cannot possibly define its objectives for the future. If a company defines objectives without taking the risks into consideration, chances are that they will lose direction once any of these risks hit home. Therefore, all big consulting firms in the world like Mckinsey, BCG, Bain, PwC consulting, KPMG consulting, Deloitte consulting, EY consulting are providing risk advisory services to companies.


BY ATTENDING THIS COURSE, you would:

- Learn a modern risk management toolkits that being used by many elite organizations around the world including :

     1.Risk culture

     2.Risk appetite

     3.Risk governance

     4.Risk Management Policy and Procedures

     5.Risk Self Assessment Process

     6.Key Risk Indicators

     7.Loss Event Database

     8. Management Information System

     9.Stress testing and scenario analysis

- be able to understand the governance structure in managing risks, how companies are preventing and detecting Risks on daily basis

- be able to communicate confidently with risk management professionals and consultants regarding risks and related domains

- be able to perform research and analysis on operational risks and management cases

- be able to get the first steps in pursuing a career in risk management.

- get a certificate of completion of this course

Content

Welcome to the course

Welcome and overview of the course content

Risk definitions and categorization

Getting familiar with risk definitions and risk categorization
How to determine the boundaries of operational risk with other risks
Common risk language and vocabulary

Risk Culture

What is risk culture ?
Where do you start to embed and implement risk culture ?
How to develop and maintain healthy/effective risk culture ?

Risk appetite

What is risk appetite ?
Resources requirements to develop and implement risk appetite for organization
Risk appetite examples

Risk Governance

What is risk governance ?
Specific roles and responsibilities in risk governance structure

Risk Management Policy and Procedure

What is Risk Management Policy and Procedure ?
Structure of risk management policy
Real world risk management policy

Reviews

Abubakar
December 16, 2023
It was good for me, but I was expecting to get forms or templates that I could use for my workplace. but I didn't get it. In the meantime, the course was amazing I enjoyed it.

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Related Topics

4355574
udemy ID
10/18/2021
course created date
1/2/2022
course indexed date
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