Risk Management 101

Learn the fundamentals of Risk Management in this free lesson
Free tutorial
Rating: 4.3 out of 5 (182 ratings)
2,510 students
40min of on-demand video
English [Auto]

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?


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


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.”


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


The Safety Artisan
Simon Di Nucci
  • 4.4 Instructor Rating
  • 334 Reviews
  • 4,508 Students
  • 5 Courses

Hi, I'm Simon Di Nucci, and I have spent 25+ years as a system safety engineer. I have always sought to pass on my expertise to others.

I was part of the team that taught the official safety engineering courses to all UK Ministry of Defence staff. I then went on to create bespoke safety courses for several different clients, including the UK Military Aviation Authority. I'm now teaching safety online, to anyone who wants to do Safety, Just Right.

To do this, I have drawn on my wide and deep experience in safety consulting and engineering. Much of my career has been working for governments or consulting to the public sector on Australian, UK, US, and European programs.

I am a Fellow of Engineers Australia (FIE(Aust)) and on the National Engineering Register, so studying my courses will count for EA CPD.  I have an MSc in Safety-Critical Systems Engineering. 

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