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Overview to Risk Management (How about a career in Risk?)
Rating: 4.1 out of 5(122 ratings)
2,376 students
Created byDaman Dev Sood, Dhiraj Lal
Last updated 1/2021
English

What you'll learn

  • This is an introductory course. In this course, students will get an introduction and Overview into what is risk. They will understand why risk cannot be avoided. They will see how the ISO 31000 methodology and roadmap can be used to manage risk, and also what is involved in starting the risk implementation

Course content

1 section • 7 lectures • 46m total length

  • Introduction and Overview (Video Lecture covering all 7 lectures)44:59

    After completing this lecture, students will be able to have a good understanding of the background factors with which to appreciate this course.

    To see some approaches to come up with answers to the exercise in this lecture, please download and take a look at the enclosed attachment. Though before you see the enclosed answers, please do come up with your own answers to this question.  Feel free to research the internet or talk through your thoughts with anyone you know.  That way, you will be able to use our thoughts to build upon your own - the best way to learn! 

  • What is risk?0:10

    After completing this lecture, students will be able to have a good understanding of what risk is, and that risk typically arises when there is change. So if you do want to bring about change, almost certainly you would need to take risks. 

    To see some approaches to come up with answers to the exercise in this lecture, please download and take a look at the enclosed attachment. Though before you see the enclosed answers, please do come up with your own answers to this question.  Feel free to research the internet or talk through your thoughts with anyone you know.  That way, you will be able to use our thoughts to build upon your own - the best way to learn! 

  • Why take risks at all?0:13

    After completing this lecture, students will be able to have a good understanding of why risk cannot be avoided in today's competitive and demanding world. In fact, without taking risks, great things cannot be achieved. The aircraft, the light bulb, the automobile - none of these may had been developed, had their inventors not taken risks. 

    To see some approaches to come up with answers to the exercise in this lecture, please download and take a look at the enclosed attachment. Though before you see the enclosed answers, please do come up with your own answers to this question.  Feel free to research the internet or talk through your thoughts with anyone you know.  That way, you will be able to use our thoughts to build upon your own - the best way to learn! 

  • The need for Risk Management0:14

    After completing this lecture, students will be able to have a good understanding of the need for Risk Management, and why Risk management is a great skill to develop and go deep into.

    To see some approaches to come up with answers to the exercise in this lecture, please download and take a look at the enclosed attachment. Though before you see the enclosed answers, please do come up with your own answers to this question.  Feel free to research the internet or talk through your thoughts with anyone you know.  That way, you will be able to use our thoughts to build upon your own - the best way to learn! 

  • ISO 31000 Methodology and Roadmap0:13

    After completing this lecture, students will be able to have a good understanding of the risk management implementation methodology and roadmap, as proposed by the world's most popular and well-respected Risk Management standard - the ISO31000.

    To see some approaches to come up with answers to the exercise in this lecture, please download and take a look at the enclosed attachment. Though before you see the enclosed answers, please do come up with your own answers to this question.  Feel free to research the internet or talk through your thoughts with anyone you know.  That way, you will be able to use our thoughts to build upon your own - the best way to learn! 

  • Starting your implementation0:33

    After completing this lecture, students will be able to have a good understanding of next steps to be taken, for them to be able to implement an initial Risk Management System within their organisation.

    The exercise in this lecture is designed to capture your thoughts and note down (while memories are still fresh) the steps you intend to take, to make use of new facts and knowledge contained in this course. That way, you may be able to right away implement many action steps that could help decrease risk and protect you and your organisation - and get some payback on having attended this free 1 hour course.

  • Summary and next steps0:10

    After completing this lecture, students will be able to be be much clearer in their thoughts about what they need to do to  improve their  Risk Management skills and competencies - if they choose to do so. Or if Risk Management is a career option that they may enjoy. Further training and competencies-building may be needed, including professional certifications in Risk Management.

    The enclosed attachment (The Global Risks Report 2021, issued by the World Economic Forum) lists out current likely risks to be watch out for. Those keen to increase their understanding of risks, threats and vulnerabilities may find this report to be very interesting.

    Udemy and I wish you best of luck!

Requirements

  • No - Just a desire to make your life better through conscious application of risk management

Description

Risk Management is a great career opportunity, and even more so given the COVID-19 pandemic. Effective Risk Managers can help the organization grow and achieve difficult organisational goals. I have trained around hundreds of risk professionals, and my observation is that most of them have excellent risk professionals, but the team size is too small, just 1-2, and that is because they cannot find the right people to hire. There is a huge need for more high-quality professionals who can help organisations to mange the risks that need to be taken, in order to grow.

My ‘Overview to Risk Management’ is an introductory course designed to help students decide if Risk is an area that you may to take up as a career. Running time of this course is 46 minutes, but including exercises, you may take over one hour to complete it (you can take breaks and complete it at your own pace). The course provides an introduction to Risk Management over 7 lectures which cover key topics (what is risk,  the need for Risk Management, the ISO 31000 methodology and roadmap, and next steps to start your Risk Management implementation).

My approach in this course is to have the participants answer various exercises with an intention to help them increase their own understanding. For example, I have provided resources which show you over 10 definitions of risk - and even this may not be a complete and comprehensive list! The above answers are provided just to give you a sample of some possibilities. The intention in the exercises is to ensure that those who are attending this this course are encouraged to come up with their own answers - as many as possible.

Once you have completed this exercise, kindly give me your feedback. I hope this course helps you get some new ideas and the commitment to come up with some action steps for you to implement. Best of luck!


Who this course is for:

  • Anyone who wants a quick and high level understanding of the value of Risk Management, and also some typical tools and techniques

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