Enterprise Risk Management
What you'll learn
- Understand the terms related to risk management
- Implement the basic risk management program for a project or operation
- Participate in risk management sessions with good understanding of risk management
Requirements
- No previous knowledge of risk management is expected.
- No software requirements or prerequisite knowledge necessary
Description
This course teaches the concepts of Risk Management in a simple to understand language. In addition to the basic definition and fundamental concepts related to Risk Management, this course also teaches how to implement Risk Management in an organization.
Five steps of managing risk include: Planning for Risk Management, Identifying Risks, Analyzing Risks, Planning Risk Response and Implementing, and Monitoring and Controlling Risks.
Identified risks are recorded in the risk register. These risks are analyzed using quantitative or qualitative techniques. One qualitative technique which is commonly used in Probability and Impact Matrix. I have explained this easy to use in detail in this course.
I have also included a template of Risk Register, which can help you get started with the implementation of Risk Management in your organization.
Risks could be negative or positive (opportunity). What are the approaches to address positive and negative risks?
ISO 9001:2015 requires Risk-Based Thinking to be applied to all processes.
Section 01: Introduction to Risk Management
A Defining Risk
B Risk vs. Issue
C Risk Appetite and Tolerance
D Defining Risk Management
E Risk Management Principles
F Application of Risk Management
Section 02: Five Simple Steps
A Plan Risk Management Risk
B Identify Risks
C Analyze Risks
D Plan and Implement Risk Responses
E Monitor and Control Risks
Section 03: Conclusion
A Risk Register
B Risk Based Thinking
C Failure Mode and Effects Analysis (FMEA)
Who this course is for:
- This course is intended for people who are new to risk management.
- ISO 9001 2015 is introducing the concept of Risk Based Thinking. This has created an interest in Risk Management especially amonst senior management, quality managers and people associated with quality management.
- The concept explained in this course are applicable to any industry or area
- Employees in financial, medical, technology, research, military, insurance or other industries subjected to risk.
Featured review
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Course content
- Preview03:05
- Preview07:59
- 05:21Risk vs Issue
- 05:34Risk Appetite and Risk Tolerance
- Preview05:45
- 09:19Eight Principles of Risk Management (ISO 31000:2018)
- 04:55Benefits and Application of Risk Management
- 4 questionsQuiz: Risk Management Definitions and Basic Concepts
- 00:01Download Section 1 Slides
Instructor
- 4.5 Instructor Rating
- 33,360 Reviews
- 165,027 Students
- 25 Courses
PMI-PMP, IRCA Registered Lead Auditor, ASQ - CSSBB, CQA, CQE, CMQ/OE, IIA - CIA
Sandeep Kumar has more than 35 years of Quality Management experience. He has worked as Quality Manager/Director on a number of projects, including Power, Oil and Gas and Infrastructure projects.
In addition, he provides consulting services to implement Lean Six Sigma to improve performance.
His areas of specialization include Quality Assurance, ISO 9001:2015, Lean, Six Sigma, Risk Management, QMS Audits, Supplier Quality Surveillance, Supplier Pre-qualification, Construction Quality, Mechanical Inspection and Quality Training.
Professional Qualifications:
His professional qualification/certifications include:
• ASQ-CSSBB, Certified Six Sigma Black Belt
• ASQ-CMQ/OE Certified Manager of Quality/Organizational Excellence
• PMI-PMP Certified Project Management Professional
• IRCA Registered Lead Auditor (QMS-2015)
• IIA-CIA Certified Internal Auditor
• ASQ-CSSGB, Certified Six Sigma Green Belt
• ASQ-CQA Certified Quality Auditor
• ASQ-CQE Certified Quality Engineer