Risk Management
Risks can occur anywhere in an organisation, therefore, integrated and organisation-wide approaches to risk management are key to minimising negative consequences. This course provides an overview to the key elements, processes and approaches to successful risk management.
£100 +VAT
Risk Management
£100 +VAT
This course will enable you to
- Evaluate risk and understand all elements of risk management
- Categorise risk and create a process to systemise risk management
- Establish the difference between quantitative and qualitative risk assessments
- Integrate risk monitoring into your organisation
- Profile risk and identify organisation-wide approaches to risk management
About the course
All organisations face risks, but they aren’t all the same. Some can deliver benefits, but others can have damaging impacts. Risks can occur anywhere in your organisation and, as accountants, we play a key role in managing risk and protecting our organisations against the consequences.
This course provides an overview of effective risk management. It will enable you to categorise and evaluate risk to maximise opportunities and limit disasters as well as carry out quantitative and qualitative risk assessments. Discover what it takes to integrate risk monitoring and organisation-wide approaches to risk management in your organisation.
Contents
Understanding risk management
What is risk management?
Creating a holistic approach
Corporate governance and risk management
Starting out
Risk analysis
The spectrum of risk
Risk assessment
Managing risk and change
Systemising risk management
Risks faced by business
Pure risks
External risks where some control is possible
Internal risks
Risky business
Flawed decision-making
Biased thinking
Processes and procedures
Approaches to decision-making
Quantifying risk
Qualitative risk assessment
Controlling risk
Mapping risks
Determining the probability of a risk
Vulnerable business areas
Responding to assessed risk
Integrated risk monitoring
Making improvements
Risk profiling
The nature of the organisation as an organisation
Individuals within the organisation
Keeping it moving
The influence of external factors
The nature of the industry
Organisation-wide approaches
Problem areas
Preparing for the unexpected
How it works
Author
John Taylor
John is a Chartered Accountant who has spent many years advising small and medium-sized businesses across the North of England. John is the author of two industry standard textbooks: Millichamp – Auditing and Forensic Accounting. He has also written several auditing textbooks for AAT courses.
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