Introduction to Risk Essentials

  • Course Overview

    This one-day course is suitable for participants who either have limited risk management experience and are seeking a conceptual grounding in the key components of good risk management practice.

  • About GRC

    GRC is the integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity GRC as an acronym denotes GOVERNANCE, RISK, and COMPLIANCE — but the full story of GRC is so much more than those three words.

What will you learn?

Make strategic and operational risk management part of your organizational culture, so you can identify, track and manage risks with confidence.

  • Why Do Organisations Need to Manage Risk?

  • Organisational Risk Context

  • Risk Breakdown Structures

  • Organisational Risk Maturity

  • Risk Governance

  • Risk Documentation

Course curriculum

  • 1

    Introduction to Risk Essentials

    • How to use this course

    • Before we begin...

  • 2

    Lesson 1 - Risk Management Objectives

    • Risk Management Objectives

    • Organisations and Risk Events

    • Managing Risk

  • 3

    Lesson 2 - Risk Management Standards

    • Risk Management Standards

  • 4

    Lesson 3 - Enterprise Risk Management and Governance, Risk and Compliance

    • Enterprise Risk Management (ERM)

    • Governance, Risk and Compliance (GRC)

  • 5

    Lesson 4 - Risk Context

    • Risk Context

    • Risk Identification

    • Risk Breakdown Structure

    • Risk Governance

  • 6

    Lesson 5 - Risk Documentation

    • Risk Documentation

  • 7

    Lesson 6 - Risk Registers

    • Risk Registers

    • Risk Register Quality

  • 8

    Lesson 7 - Identifying and Assessing Risk

    • Definition of Risk

    • Defining Risk

    • Risk Impact Matrix

    • Categories of Risk Impact

    • Risk Causes and Consequences

    • Risk Consequence

    • Risk Likelihood

    • Risk Assessment – Inherent vs Residual

  • 9

    Lesson 8 - Controlling and Treating Risks

    • Risk Controls

    • Risk Treatments

    • Risk Treatment Actions

    • Risk Appetite, Risk Tolerance, Risk Attitude

    • Target Level of Risk

    • Strategic vs Operational Risks

  • 10

    Lesson 9 - Tracking and Reporting on Risks

    • Tracking and Reporting on Risks

  • 11

    Lesson 10 - Organisational Risk Maturity

    • Organisational Risk Maturity

  • 12

    Lesson 11 - Risk Management Software

    • Risk Management Software – What Do Client’s Want?