Risk Assessment and Management

Duration: 2hrs

The Risk Assessment and Management course provides a comprehensive framework for identifying, analyzing, and managing risks in a business context. The course begins by defining key concepts: hazards and risks, and emphasizes the importance of consulting with employees and using a likelihood scale to assess risks. This foundational understanding sets the stage for a proactive approach to risk management. Modules Three and Four delve deeper into the proactive identification of potential problems, encouraging a unique business perspective, regular walk-arounds for short-term and long-term issues, asking "What would happen if...?" scenarios, considering external events, and using a consequence scale to evaluate potential worst-case scenarios.

The course underscores that risk management is everyone's responsibility, with a focus on reporting observed risks, ensuring safety in operations, and taking appropriate precautions. It also covers the importance of communicating risk-related information throughout the organization. Module Six addresses tracking and updating control measures, evaluating their adequacy, and maintaining current business procedures. Various risk management techniques are explored, including reducing, transferring, avoiding, and accepting risks. The course also includes modules on general office safety, accident reporting, emergency planning, and training. It advances into conducting business impact analyses, identifying vulnerabilities, and implementing recommendations. A significant component is dedicated to developing a disaster recovery plan, emphasizing the need for preparation, regular testing, and clear documentation.

This course provides participants with the knowledge and tools to effectively manage risks in their business environment.