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Learn MoreRisk Control Self Assessment method, Tools and techniques...
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Risk Control Self Assessment method, Tools and techniques...
Risk Management & Control Management - Objectives, Level Of Risk, Types of Risk, Risk Control, Roles & Responsibilities.
Created byVenkatalakshmi S
Last updated 8/2020
English
English [Auto],
What you'll learn
- Students and Working professionals would get knowledge on Risk management
Explore related topics
Course content
15 sections • 38 lectures • 1h 7m total length
- Introduction to RCSA2:33
This video explains about the Risk and definition of Risk
- Overview of Risk1:07
In this video you will learn the overview of Risk
- Objectives of RCSA1:33
In this video you would learn the Objectives of RCSA
- RCSA - Workflow1:39
In this video you would learn about the RCSA workflow.
- Benefits of conducting RCSA1:16
In this video you would learn about the benefits of conducting RCSA.
- Different levels1:37
This goal is to teach you how to analyze hazards for their potential risk to cause future risk. With this knowledge, you will be able to prioritize corrective actions to prevent those future risk.
- Types of Risk1:22
1. Strategic risk: It is the process of identifying, quantifying, and any risk that affects or is inherent in a company’s business strategy, strategic objectives, and strategy execution is called strategic risk.
2. Compliance risk: Compliance risk is exposure to legal penalties, financial forfeiture and material loss an organization faces when it fails to act in accordance with industry laws and regulations, internal policies or prescribed best practices.
3.Operational Risk: The term operational risk management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk.
4. Financial Risk: Financial Risk as the term suggests is the risk that involves financial loss to firms. Financial risk generally arises due to instability and losses in the financial market caused by movements in stock prices, currencies, interest rates and more.
- Risk Control3:11
Risk control is the set of methods by which firms evaluate potential losses and take action to reduce or eliminate such threats. It is a technique that utilizes findings from risk assessments.
The goal is to identify and reduce potential risk factors in a company's operations, such as technical and non-technical aspects of the business, financial policies and other issues that may affect the well-being of the firm.
Risk control methods include avoidance, loss prevention, loss reduction, separation, duplication, and diversification.
- Different types of Strategies in Risk2:54
A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk. It builds in a process for regularly updating and reviewing the assessment based on new developments or actions taken.
A risk register is a tool in risk management and project management. It is used to identify potential risks in a project or an organization, sometimes to fulfill regulatory compliance but mostly to stay on top of potential issues that can derail intended outcomes. The risk register includes all information about each identified risk, such as the nature of that risk, level of risk, who owns it and what are the mitigation measures in place to respond to it. Download our free risk register template for Excel.
- Risk Identification Techniques1:43
In this slide it covers the details of conducting Document review,Information gathering, Brain storming, Delphi Techniques, Root cause analysis and interview techniques. It also covers the benefits and some of the disadvantages of these Analysis
- Techniques involved in Risk Analysis1:16
There is a continuous and collaborative process, which includes the application of both Quantitative and Qualitative Risk Analysis techniques.
In this video you would get knowledge on the five most useful Qualitative Risk Analysis technique which you could apply to your organisation.
- Root Cause Analysis1:22
Root Cause Analysis (RCA) is a comprehensive term encompassing a collection of problem solving methods used to identify the real cause of a non-conformance or quality problem.
- SWOT Analysis0:48
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are internal to your company—things that you have some control over and can change.
- Checklist Analysis1:13
This video provides details about Checklist Analysis. How to perform Checklist Analysis.
- Control Management - Meaning1:10
Control is a function of management which helps to check errors in order to take corrective actions. ... Control in management includes setting standards, measuring actual performance and taking corrective action In decision making.
- Steps of Control2:32
This video provides details on stepts of Control management.
- Control Measures0:53
In this video you would get knowledge on Control measures.
Eliminate the hazard. ...
Substitute the hazard with a lesser risk. ...
Isolate the hazard. ...
Use engineering controls. ...
Use administrative controls. ...
Use personal protective equipment.
- Types of Control3:04
Identify the three main types of internal controls: detective, preventive, and corrective, and explain how they protect assets and minimize losses.
- Root Cause Analysis - Introduction0:34
Discover self-assessment techniques for risk control, exploring Loukas analysis and Rothko's methods, and learn a wide range of analysis strategies with forthcoming coverage of common, widely useful techniques.
- Overview of Root Cause Analysis1:32
Root cause analysis identifies the underlying causes of problems to prevent recurrence through a structured approach that distinguishes root causes from symptoms and guides corrective actions.
- Example3:17
Explore root cause analysis across domains such as ip operations, telecommunications, and process control, outlining steps to identify a problem, establish a timeline, and prevent recurrence with corrective actions.
- History of RCA0:46
Explore the history of root cause analysis within total quality management, highlighting RCA as a core building block, its role in problem solving, and its integration into continuous improvement.
- Approaches of RCA1:02
Apply root cause analysis approaches to identify changes in people, equipment, or information that affected performance, and assess controls, management oversight, and risk analysis to prevent or detect problems.
- Benefits of Conducting Root Cause Analysis2:13
Conduct root-cause analysis with group voting to identify problems, define causes, analyze effects, and devise and implement solutions over about two months.
- Tools0:55
Learn the top five root cause analysis tools to identify the true problem and enhance problem solving and decision making, using a scatter diagram and failure mode and effects analysis.
- Pareto Chart1:47
Explore the Pareto chart, a histogram with a cumulative line, to identify the 20 percent of causes that drive 80 percent of problems, guiding quality improvement and risk assessment.
- Pareto chart - Steps with example2:51
Apply a Pareto chart to identify principal forces by ranking causes in descending order, focusing on the 20 percent that drive 80 percent of problems, with cumulative percentages.
- Advantages of conducting Pareto Analysis0:54
Explore the advantages of Pareto analysis, including clear visuals of relative frequencies, key values at a glance, and quick accuracy checks, while noting limitations like mean calculations and root-cause identification.
Requirements
- There is no prerequisites
Description
This course expand knowledge and understanding of managing risk. Now a days business needs competent people to managing risk and because of this there is high demand in risk management experts. In this course you would get a wide knowledge in Risk management and Risk analysis.
The key learning of basic in
Risk
Objectives
Types & level of risk
Risk Control and its measures
Techniques
Who this course is for:
- All the students and professions. There is no limitations as risk is involved in all the categories of work