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Learn how to do conduct the whole risk management cycle
Rating: 4.6 out of 5(5 ratings)
30 students

Learn how to do conduct the whole risk management cycle

Risk Management principles : Risk Analysis and Measurement Techniques : Risk Management Cycle : Tools
Created byAmina Kaltayeva
Last updated 2/2023
English

What you'll learn

  • Be able to perform full risk management cycle and measure risks
  • Be able to distinguish pros and cons of different risk analysis and measurement methods
  • Understand the foundations of risk management
  • Understand how much you are risk manager already!

Course content

4 sections19 lectures2h 30m total length
  • Definition of risk2:59

    In the beginning was the definition, definition of risk. In this lecture, you will learn the meaning of risk and its main elements. This helps build a basement of intuitive risk management understanding.

  • The Good, The Bad and The Ugly3:10

    This lecture is devoted to evaluating risk as either good or bad. You would discover that risk has its pros and cons and be able to clearly say which ones.

  • A risk management is born8:39

    This lecture will explain why the risk management function has emerged in a separate field.

Requirements

  • The course will be easier to understand by students/individuals with basic finance and statistical background
  • No risk management experience is needed! You will learn everything needed.

Description

Risk management... Such a hyped term. Everyone talks about it, needs it, learns it and does it! But what does risk management really mean and why did it rapidly become so important?

The main aim of this course is to get an in-depth intuitive understanding of the essence of risk management: how it emerged, developed, applied and why nowadays everyone is just crazy about it. By the end, you are going to realize how close you are to the risk management field and you already possess almost all required knowledge for starting or continuing your journey in risk management.

Sounds over promising, doesn't it? I have designed the course in the form of an ‘inverted triangle’: it starts from an extremely basic and straightforward concept of 'risk' and grows to comprehensive ‘risk management’. The course includes a set of lectures, open questions and downloadable templates of tools used in risk management.

The course includes three sections:

  • Section 1 - Beginning. You will learn the basics of the risk management and understand how much you already know about it!

  • Section 2 - Risk management as a process. You will learn how to conduct the full risk management process: risk identification, measurement and creating risk mitigation strategy.

  • Section 3 - Risk management as a business function. You will learn how to deliver the risk management results in the most impactful and understandable way.

  • Section 4 - Tools*, software and skills. You will learn about tools and software used on practice.

Tools include Heat map, Risk register, Risk assessment template, Risk and control matrix, Segregation of duties matrix, Quantitative risk modeling.

The risk management is not a rocket science, it is just a practice with flexible rules. If you are ready, let's reveal your inner risk manager! I am looking forward to seeing you in this course!

UPDATE: Risk identification practice guide and case (after Lecture 5)

Who this course is for:

  • Students who are thinking about risk management career, but do not have a complete understanding what is about and what they are going to do
  • Students who are at the beginning of their career in risk management
  • Experienced professional who want to recap and update their knowledge and understanding