Every business decision you make carries risk, which makes risk management training and processes essential to guiding important business decisions.
Managing Business Risk is an online professional development program that will provide you with the skills and knowledge required to analyse and plan for risk.
In this online risk management course, you will discover a range of risk analysis methods and strategies and learn how to plan for, control and review risks using risk management tools and techniques.
You will also learn how to identify risks in consultation with stakeholders, assess the impact and consequence of risks and develop an action plans according to organisational policies and procedures.
On completion of this course, you will feel confident to manage risk and reduce the impact of any unexpected events to a business or organisation.
Course Structure
Unit 1 - Apply business risk management processes
- Identify context for risk management
- Undertake required steps to identify risks
- Generate a list of events or situations
- Risk categorisation
- Determine level of risk
- Records management
- Matrix use
- Impact analysis register
- Document analysis processes and outcomes
- Risk register
- Examples of control measures
- Objectives of a risk management program
- Strengths and weaknesses of control measures
- Refer risks to relevant personnel
- Implement area of operation and responsibility
- Monitor plan – is it achieving what intended
- Improve the treatment of risks
- Input and best practice
Unit 2 - Manage business risk
- Evaluate organisational processes
- Determine scope for risk management
- Risk management goals
- Scope for risk management process
- Benefits
- Organisational policies and procedures
- Review strengths and weaknesses of existing arrangements
- Critical success factors, goals and objectives
- Types of risk
- Document storage
- Communicate risk management processes to stakeholders
- Invite stakeholders to assist in identification of risks
- Research risks that may apply to scope
- Document risks in consultation with relevant parties
- Assess likelihood of risks occurring
- Impact or consequence if risks occur
- Impact analysis
- Prioritise risks for treatment
- Risk matrix chart
- Threat level chart
- Probability and impact matrix
- Risk identification categories
- Impact analysis register (example)
- Risk register (example)
- Options for treating risks
- ALARP principle
- Control measures
- Insurance
- Develop an action plan
- Steps, plan and method
- Continency planning
- Failure scenarios
- Communicate risk management processes
- Implement action plan
- Monitor and evaluate plan
- The risk management process
- Tools and techniques to identify risks
Study Hours
Estimated duration 30 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
Assessment
Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
It was a good course – well structured and relevant
S. Adamson, Griffith ACT | Certificate of Risk Analysis and Planning
Courses were easy to access and the ability to study when it suited me was extremely helpful.
N. Sculthorpe, Dakabin, QLD | Managing Business Risk
It was great to be able to learn at my own pace. The notes provided were excellent and easy to understand. It has given me a greater understanding of the whole Risk Management process and opened up my mind to how we use it in our workplace.
A.Davies, Diggers Rest, VIC | Managing Business Risk
Very impressed and the support that I received from the Tutors was fantastic and all queries were answered and actioned very promptly. I would highly recommend Australian Online Courses.
Leanne | SA | Managing Business Risk
Graduation
A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.
How to Enrol
Enrol Online: Click Enrol Now (Credit Card) or Enrol Now (Internet Banking/BPAY)
Enrol via Live Chat (Business Hours)
Enrol via Telephone 1300 76 2221 (Business Hours)
Enrol via Purchase Order/Tax Invoice
Enrolling Multiple Staff?
To enrol multiple staff, please complete the Employer Enrolment Form. We’ll be in touch within 60 minutes during business hours!
Payment Options
Visa, Mastercard, BPAY and Direct Deposit.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
To study online with Australian Online Courses you will need a computer (desktop PC/laptop) running a current/updated operating system with reliable high-speed internet access. You will need to use the Google Chrome browser to access your course.
Are there any computer requirements?
To study online with Australian Online Courses you will need a computer (desktop PC/laptop) running a current/updated operating system with reliable high-speed internet access. You will need to use the Google Chrome browser to access your course.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
How is this course delivered?
This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our LMS and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
Professional Development For:
- Business Managers
- Project Managers
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