The course offers a practical guide for managing risk in business. The overall assumption is that risks can only be managed if they are identified and treated prior to the loss. It reflects the risk management concepts being used in business practice in both the public and private sectors in Australia. It is based upon AS/NZS 4360, recognized internationally as industry's best practice in risk management. The guide includes risk management principles and philosophies, together with practical examples and tools, to assist with risk identification, analysis, management, and planning.
• The necessity of Risk Management in Business
• Demonstrating Good Governance Practice for Doing Business
• Definition of Risk and Risk Management
• Types of Risk
• Driver of Risk Management
• Benefit of risk Management
• Good Business Practices
• Common Risk Categories of Business
• Integrating Risk Management in Business
- Brainstorming
- Occupational Health and Safety
- Human Resource Management
- Compliance
- Financial Management
- Client-customer Relationship Management
- Contract Management
• Step 1: Communication and Consult
• Step 2: Establish the Context
• Step 3: Identify the Risks
• Step 4: Analyze the Risks
• Step 5: Evaluate the Risk
• Step 6: Treat the Risks
• Step 7: Monitor and Review
• Risk identification methods
• Risk Analysis tools
• Risk management documentation or risk management plan
- Part 1: Contextual Information
- Part 2: Risk Register
- Part 3: Risk Treatment Plan
- Part 4: Summary
• Risk profile
• Risk Reduction through Pooling Independent Losses
• Pooling Arrangement with Correlated Losses
• Contracting Costs for Risk Pooling Arrangement
