Name: ISO 31010:2019 - 30+ Risk Assessment Techniques Explained
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Created byDr. Amar Massoud

Last updated 3/2026

English

What you'll learn

Apply a variety of risk management techniques in real-world scenarios.
Identify and assess risks using methods like FMEA, HAZOP, and SWIFT.
Use templates to streamline and document the risk management process.
Analyze and prioritize risks using risk matrices and decision analysis tools.

Course content

12 sections • 58 lectures • 4h 18m total length

Introduction6:34
Our Use Case - TechSolutions Inc2:44
How This Course Works5:44
Explore 30+ risk assessment techniques explained in plain language, with step-by-step guidance, practical tech solutions examples, downloadable templates, and hands-on assignments to apply risk management in practice.

Techniques for Eliciting Views from Stakeholders and Experts2:18
1. Brainstorming for Risk Identification5:31
2. Delphi Technique for Expert Opinion Gathering6:26
Use the Delphi technique, a structured communication method, to gather anonymous expert opinions through iterative rounds of open-ended questions, converging toward consensus for decisions in complex issues like healthcare software.
3. Nominal Group Technique6:23
Apply the Nominal Group Technique to structured brainstorming, ensure equal participation, generate diverse ideas, rank them anonymously, and reach a consensus for informed decisions.
4. Structured or Semi-structured Interviews6:01
Explain how structured and semi-structured interviews collect stakeholder input for risk assessment, combining predefined questions with flexible probing to balance data consistency and depth.
5. Surveys2:13
How to Select the Right Technique for Eliciting Stakeholder and Expert Views

Techniques for Identifying Risk2:42
1. Checklists, Classifications, and Taxonomies4:20
2. FMEA for Proactive Error Prevention6:53
Apply FMEA for proactive error prevention by identifying failure modes, causes, and effects across requirements gathering, coding, testing, deployment, security management, and maintenance; calculate risk priority numbers and guide mitigations.
3. HAZOP for Operational Safety7:08
4. Scenario Analysis for Future Risk Planning6:33
5. What-If Analysis for Scenario Planning5:26
6. SWIFT - Structured What-If Technique5:43
Applying Techniques for Identifying Risk

Techniques for Determining Sources, Causes and Drivers of Risk1:40
1. The Cindynic Approach5:42
2. Ishikawa Analysis4:20
Apply the Ishikawa fishbone diagram to identify root causes. Define the problem and categorize causes into environment, machine equipment, manpower, human investment, financial method, process, and material.
Identifying and Analyzing Risk Sources Using Cindynic and Ishikawa Techniques

Techniques for Analyzing Controls1:37
1. Bow-Tie Analysis for Visual Risk Assessment7:07
2. Layers of protection analysis (LOPA)5:55
Use layers of protection analysis (LOPA), a semi-quantitative risk assessment, to identify initiating events and protective layers, assess their failure on demand probabilities, and determine if additional measures are needed.
3. Hazard Analysis and Critical Control Points (HACCP)3:19
Apply hazard analysis and critical control points to identify, evaluate, and control biological, chemical, and physical hazards across the production process to prevent foodborne illnesses.
Applying Risk Control Analysis Techniques

Techniques for Understanding Consequences and Likelihood3:43
1. Bayesian Analysis2:35
Bayesian analysis updates prior and posterior probabilities with new evidence using Bayes theorem, refining risk assessments in real time for events like server crashes, data breaches, and software development deadline.
2. Bayesian Networks and Influence Diagrams3:07
3. Business Impact Analysis (BIA)4:40
4. Cause-consequence Analysis (CCA)7:05
5. Event Tree Analysis (ETA)4:39
6. Fault Tree Analysis (FTA)5:31
7. Human Reliability Analysis (HRA)6:31
8. Markov Analysis4:41
9. Monte Carlo Simulation4:27
10. Privacy Impact Analysis (PIA) - Data Protection Impact Analysis5:43
Applying Risk Assessment Techniques to Understand Consequences and Likelihood

Techniques That Provide a Measure of Risk3:22
1. Toxicological Risk Assessment2:26
Identify hazards, assess dose-response and exposure assessment, and perform risk characterization to quantify health risks from toxic substances and guide mitigation for public health and the environment.
2. Value at Risk (VaR)4:48
3. Conditional Value at Risk (CVaR) or Expected Shortfall (ES)5:27
Applying Techniques for Measuring Risk

Techniques for Evaluating the Significance of Risk3:14
1. As Low as Reasonably Practicable (ALARP) and So Far As Is Reasona5:31
Apply alarp and so far as is reasonably practicable to evaluate and manage risk, balancing mitigation costs against benefits to reach acceptable levels.
2. Frequency-number (F-N) Diagrams4:53
3. Pareto Charts2:30
Apply Pareto charts to rank risk causes by frequency or impact in descending order, visualize the cumulative line, and prioritize top factors to focus resources on the most significant issues.
4. Reliability Centred Maintenance (RCM)5:15
Learn how reliability centered maintenance (RCM) identifies failure modes and consequences to tailor preventive and corrective tasks, prioritize risks, and continuously improve maintenance for critical assets.
5. Risk Indices5:21

Requirements

No prior risk management experience needed; all concepts will be taught from scratch
Basic understanding of business processes or project management is helpful, but not required.

Description

Unlock the power of effective risk management with this comprehensive course designed for professionals and beginners alike. Whether you're a project manager, business analyst, or simply looking to develop your risk management skills, this course provides practical tools and real-world techniques to help you identify, assess, and mitigate risks with confidence.

In this course, you’ll learn a variety of proven techniques such as Failure Modes and Effects Analysis (FMEA), Hazard and Operability (HAZOP) studies, and the Structured What-If Technique (SWIFT). You'll master the use of checklists, risk matrices, and decision-making tools to evaluate and prioritize risks effectively. Through practical examples and scenarios using our model company, TechSolutions, you'll see how these techniques are applied in real business environments.

Each lesson breaks down complex concepts into easy-to-understand steps, and we provide downloadable templates to streamline your risk management processes. By the end of this course, you'll be able to confidently apply these techniques in your projects, ensuring that you're prepared for potential challenges and can make informed decisions that protect your organization.

With assignments at the end of each section, you'll have the opportunity to practice and refine your skills, making this course both educational and actionable. Join us and start mastering risk management today, whether you're starting from scratch or looking to enhance your expertise.

Who this course is for:

Professionals seeking to enhance their risk management skills.
Project managers looking to identify and mitigate risks effectively.
Beginners in risk management looking for practical techniques and tools.
Business analysts and consultants who need to assess and control risks in various industries.

What you'll learn

Explore related topics

Course content

Introduction3 lectures • 15min

Techniques for Eliciting Views from Stakeholders and Experts6 lectures • 29min

Techniques for Identifying Risk7 lectures • 39min

Techniques For Determining Sources, Causes, And Drivers Of Risk3 lectures • 12min

Techniques For Analyzing Controls4 lectures • 18min

Techniques For Understanding Consequences And Likelihood11 lectures • 53min

Techniques For Analyzing Dependencies And Interactions3 lectures • 12min

Techniques That Provide A Measure Of Risk4 lectures • 16min

Techniques For Evaluating The Significance Of Risk6 lectures • 27min

Techniques For Selecting Between Options5 lectures • 26min

Requirements

Description

Who this course is for: