FoRM 5: Risk Assessment Course

The output of a risk assessment helps determine a firm's risk appetite and approach to risk management. Therefore, risk assessments are essential.

A risk assessment is a systematic process used to identify risks and evaluate key risk elements which include probablity, impact and the expected value or cost.

Our Risk Assessment Course will help you learn how to assess the probability and impact of risk as well as understand the different methods of analysing it.

About this Course

Available as part of our Risk Management Library.

Learning objectives

Perform the overall risk assessment process
Estimate the probability and impact of risks
Assess the proximity and expected value of risks
Use different methods and techniques to assess risks, such as risk matrices and heat maps
Distinguish between inherent and residual risk
Understand how risk models work and how you can apply them
Create a summary risk profile and risk map for any risks you come across in your role

Course Contents

Welcome

- Learning objectives
- How to complete this course

What is risk assessment?

- The Management of Risk (MoR) framework

Using methods & techniques to evaluate risk

- EMV assessment
- Calculating the EMV: The manufacturing plant
- Calculating the EMV: The cloud computing company
- You decide: Calculating the EMV
- Summary risk profiles
- Plotting risks on heat maps
- Inherent versus residual risk
- You decide: Inherent or residual risk?
- Probabilistic risk models
- Probabilistic trees
- Sensitivity analysis
- You decide: Techniques to evaluate risk

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 45-minute long e-learning course followed by a 10-question assessment.

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.