Operational Risk Management
What you'll learn
- Outline an operational risk assessment program
- List tools and techniques in identifying operational risks in an organization
- Describe the various risk management processes and approaches
- Discuss the risk management process using various frameworks and strategies
- Distinguish between the various risk management standards and their applications in risk assessment
- Summarize the various terms associated with risk management
- Identify the limitations of risk management
- Evaluate risk assessment effectiveness through risk audit
- Define the concept of Enterprise Risk Management (ERM)
- Explain the different ERM frameworks and components
- Compare several ways and alternatives to implementing the ERM framework
- Select ERM teams for effective risk analysis
Requirements
- Nil
Description
Risk management is essential for the success of every business as it helps identify, assess and manage financial problems under any condition. This course will teach you how to identify business and operational risks and improve your management skills. In addition, you will understand why there is a need for risk management tools as well as the main steps of risk management that every business professional should know.
Next, you will learn how to make key business decisions, including analyzing risks involved in handling all activities required in creating and delivering an organization's goods or services to its customers on a day-to-day basis effectively and efficiently. The course will enable you to develop the strategic thinking ability required to achieve operational excellence and the necessary methodology to lead operational innovation. You'll be able to integrate effective operational routines into any organizational culture.
By the end of the course, you will understand how to build an operational risk management program using various frameworks, standards and strategies. You will become better equipped with the theory and practice of risk management and the results expected from a successful risk management process. As a result, business managers, corporate executives, project management practitioners, risk managers, operations planners and individuals who wish to learn or improve their risk and operations management knowledge can benefit from this course. So wait no more to enroll in this course and improve your risk management skills.
Who this course is for:
- Business managers,
- Corporate executives,
- Project management practitioners,
- Risk managers,
- Operations planners,
- Individuals who wish to learn or improve their risk and operations management knowledge
Instructor
![Olanab Consults](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 3.7 Instructor Rating
- 996 Reviews
- 2,380 Students
- 36 Courses
We are PECB & CSSC authorised partner operating in the knowledge and professional servicing industry, dedicated to providing workable solutions in the areas of ISO management systems implementation, manufacturing excellence, quality management and related activities across industries. We support professionals throughout their career journey through our Professional Evaluation & Certification Board (PECB) & the Council for Six Sigma Certification (CSSC) accredited courses and learning resources.
Our readymade & editable toolkits / templates and software applications covering ISO management systems implementation, lean manufacturing, Six Sigma, process & continuous improvement, production management, quality assurance & quality control, project and product management etc enable organizations maximize their resources and improve their processes.
We are in the business of providing best-in-class ISO management systems, quality management, and process & product development consulting services. With our training & presentation materials, we assist professional trainers and consultants meet the need of their clients.
Our goal is to partner with our clients, helping them improve their processes in the areas of staff training and development, business and manufacturing process improvement, thereby making them truly world class organizations, through strong partnership with reputable organisations including PECB, CSSC, UQSR, SoftExpert, OpexWorks, SIS Certification, Quality Assurance Solutions (QAS) and others.