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Risk Management 101
Rating: 4.0 out of 5(395 ratings)
4,701 students

Risk Management 101

Learn the fundamentals of Risk Management in this free lesson
Created bySimon Di Nucci
Last updated 8/2025
English
English [Auto],

What you'll learn

  • Fundamental Risk Management terms and concepts:
  • What is Risk Management?
  • How do we Identify Hazards?
  • What is Hazard Analysis?
  • What is Risk Evaluation?
  • Risk (and ALARP/SFARP) Evaluation
  • How do we Reduce Risk?
  • What is Risk Acceptance?
  • Bonus Topic: What is Risk Assessment?

Course content

2 sections • 7 lectures • 46m total length

  • Introduction1:03

    Hi everyone,

    Welcome to Risk Management 101, where we're going to go through these basic concepts of risk management. We're going to break it down into the constituent parts and then we're going to build it up again and show you how it's done. I've been involved in risk management, project risk management, safety risk management, etc., for a long, long time. I hope that I can put my experience to good use, helping you in whatever you want to do with this information.

    Maybe you're getting an interview. Maybe you want to learn some basics and decide whether you want to know more about risk management or not. Whatever it might be, I think you'll find this short session really useful. I hope you enjoy it and thanks for watching.

    Cheers, Simon

  • Start of the Session1:55
  • Session, Part 115:21
  • Session, Part 211:06
  • Session, Part 38:29

    Explore the core concepts of risk management by analyzing systems, operating environments, and the six elements—hazard identification, losses, risk estimation and evaluation, reduction, and acceptance.

  • Bonus Content: Risk Assessment2:02

    Explore risk assessment within the ISO 31,000 framework, detailing risk identification, analysis, and evaluation as the essential steps in the risk management process.

Requirements

  • This is an introduction to the subject - there are no entry criteria.

Description

Hi everyone,

Welcome to Risk Management 101, where we're going to go through these basic concepts of risk management. We're going to break it down into the constituent parts and then we're going to build it up again and show you how it's done. I've been involved in risk management, project risk management, safety risk management, etc., for a long, long time. I hope that I can put my experience to good use, helping you in whatever you want to do with this information.

Maybe you're getting an interview. Maybe you want to learn some basics and decide whether you want to know more about risk management or not. Whatever it might be, I think you'll find this short session really useful. I hope you enjoy it and thanks for watching.

Topics for this Session, Risk Management 101:

  • Hazard Identification.

  • Hazard Analysis.

  • Risk Estimation.

  • Risk [and ALARP] Evaluation.

  • Risk Reduction.

  • Risk Acceptance.

Risk Management is “The systematic application of management policies, procedures and practices to the tasks of Hazard Identification, Hazard Analysis, Risk Estimation, Risk and ALARP Evaluation, Risk Reduction and Risk Acceptance.”

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Learn Safety from an Industry Professional

The Safety Artisan. Pragmatic and impartial training videos on safety from an engineer and consultant with over 20 years of practical experience, who has trained hundreds of students.

Who this course is for:

  • Students, Engineers and Managers looking for a basic appreciation of Risk Management

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