Risk Management Essentials

Be fully aware of risk management & its tools!

Introduction

Risk is unavoidable. Like the proverbial death and taxes, it’s one of the few things in life that’s inevitable. All businesses, whatever their size and shape, whatever markets they operate in, and whatever products or services they provide, are constantly faced with a multitude of risks, large and small. Indeed, businesses can only prosper by successful risk-taking. In our own businesses we need to strike the correct balance between risk and potential reward; to maximise our upside risk and minimise our downside risk. To succeed we need to manage risk appropriately, not to try to eliminate or avoid it, as, in any case, that simply isn’t possible. It’s therefore essential that we understand the major risks to our business operations to enable us to manage them to our advantage.

 

Course Objectives of Risk Management Essentials

 

Risk Management Essentials Course Outlines

Day 1

Introduction

Day 2

Identifying risks

Quantifying our risks

Day 3

Managing Risks

Day 4

Risk Management & forward

Day 5

Follow up & linking the dots

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