FoRM 3 - Risk Identification Course

Risk identification is a process carried out to obtain a holistic view of the risks a company is exposed to.

This process aims to understand the company's overall risk profile and factor this into risk decision-making when working to achieve business objectives.

In our Risk Identification course, you'll learn about the different types of risks you face as well as the methods and techniques you can use to identify them.

About this Course

Available as part of our Risk Management Library.

Learning objectives

Understand the importance of risk identification within the context of the
Management of Risk (MoR) framework
Identify various types of risks using different methods and techniques
Describe risk in terms of events, causes and consequences
Understand where and how to document the outputs of a risk identification exercise
Recognise the key challenges involved when identifying risk

Course Contents

Welcome

- Learning objectives
- How to complete this course

What is risk identification?

Categories of risk

- Financial risk
- Strategic risk
- Operational risk
- External risk
- Describing risk: Events, causes & consequences
- You decide: True or false?
- Additional ways to identify &consider risk

The MoR framework

- Scenario: Empitour's expansion plans
- Scenario: Fraud risks & company expansion

Using methods & techniques to identify risk

- Methods & techniques to identify risk
- Group communication techniques
- Scenario: What methods should Paul use?

Strengths, weaknesses, opportunities & threats (SWOT) analysis

- Using SWOT analysis to understand fraud risk.

PESTLE analysis

- You decide: PESTLE analysis

Documenting the outputs of a risk identification exercise

Challenges with identifying risk

- Avoiding too much focus on history
- Scenario: Recognising the challenges

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.