Risk Management Fundamentals

Learning outcomes

After successful completion of this course, you will understand:

• The foundations of risk and effective risk management 
• How risk management practices can be applied in alignment with ISO 31000
• How risk management practices can be applied to other varied business processes such as reporting, decision making and project management
• Current and emerging issues are used as practical case studies to reinforce the real-world application of risk management capabilities

You will demonstrate your knowledge through activities and scenarios, applying your knowledge with continual feedback from risk industry professionals.

Course content

Timetable

Day 1

Risk Fundamentals 101

• Why is risk management important to organisations?
• Understanding organisational strategy, risks and opportunities (macro & micro)
• Risk management frameworks.
  • ISO 31000
  • COSO
• Terminology.

Planning and structure of risk management

• Organisational structure & governance
• Risk appetite
• Risk strategy
• Emerging risks.

Risk Identification 

• Risk Identification
• Assessing and evaluating risk
• Case Studies and application.

Day 2 

Risk control and treatment 

• Control and treatment design
• Risk Treatment Plans
• Control implementation

Stakeholder management

• Communication within the risk management framework
• Roles and Responsibilities within Risk Management
• Supporting Risk Management within the organisation.

Monitoring and reporting risk

• Monitoring tools
• Indicators of effective risk management
• Data-driven reporting.

Qualification

You will receive a Certificate of Attendance. 

This course has the equivalent of 16 Continuing Professional Development (CPD) points.

Prerequisites

There are no prerequisites for this course.

Assessment

A progressive series of workshops are embedded into this course to demonstrate the application of risk management theory and principles, each building upon the previous learning outcome.

The structure of the workshop will aid your understanding, providing the opportunity to ask questions and partake in group discussions.

At the end of the course, you will be required to submit your workbook recording your completed work from each workshop, which will then be assessed to confirm your understanding of the course material.

Who should attend

The course will introduce anyone to the risk management framework and approach. It is suitable for those without, or with limited to moderate experience in risk management and are looking to ensure industry best practice is applied consistently.

Leadership and management positions in all industries would benefit from learning a robust risk management approach to improve their own organisation’s practices.

Project managers will better understand why we manage risk and how they can translate that to their projects to deliver better outcomes.

Line management and process owners will understand what risk management is, and why it’s important in their role in identifying and managing risk. 

Study Pathway – Where to from here?

If you wish to become a registered third-party, or external Quality, Environmental, OH&S, or Integrated Management Systems auditor with Exemplar Global, you will need to complete the Becoming a Skilled Lead Internal/External Auditor course, along with at least one discipline (Quality, Environmental, OH&S, or Food Safety) available in either our:

• Integrated Management Systems Lead Auditor course
• Food Safety Management Systems Lead Auditor course
• Information Security Management Systems Lead Auditor course

Contact Exemplar Global for more information on their registration process.

Price

The price of this course is $1,695 (inc. GST). Discounts for multiple attendees are available – please contact us to find out what discounts can be applied.

How to enrol

We offer an easy, streamlined enrolment process – you can either enrol directly into your course online, or call us on 1300 95 96 92 to enrol over the phone.

How to pay

We offer a variety of payment methods:

• Direct debit
• Credit card
• Cheque
• Payment plans

Payment plans

We are able to arrange flexible payment plans on an individual basis. Please be aware that your certificate will be held until full payment has been received.

Delivery

Public – Virtual/Online

This course is delivered online via our virtual training platform. Our virtual courses are available to participants in Australia and New Zealand. They provide the same premium learning experience as our face-to-face sessions, with the added convenience of online learning. The virtual platform mimics in-person learning and aims to be engaging and interactive, with real-time group exercises, Q&A sessions, and online assessments. No matter your location, you can benefit from our expert-led training and become proficient in key risk management topics.

Please note: Due to licensing restrictions, our virtual courses are open to participants from Australia and NZ only.

In-house – Face-to-face or virtual

In-house training can provide a cost-effective training solution for organisations with a number of staff who require training. We can also customise a course to suit your own individual needs, and include your own audit documentation. Call us on 1300 95 96 92 or complete the form below to request a quote. 

Request an In-house quote