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.
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
Determine level of risk
Impact analysis register
Document analysis processes and outcomes
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
Organisational policies and procedures
Review strengths and weaknesses of existing arrangements
Critical success factors, goals and objectives
Types of risk
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
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
Develop an action plan
Steps, plan and method
Communicate risk management processes
Implement action plan
Monitor and evaluate plan
The risk management process
Tools and techniques to identify risks
Estimated duration 30 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
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.
It was a good course – well structured and relevant
S. Adamson, Griffith ACT | Certificate of Risk Analysis and Planning
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?
There are no entry requirements or pre-requisites for entry into this program.
How long will it take to complete this course?
The approximate study hours for this course is 30 hours. Twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! The cost for printed materials for this course is $50 per unit.Total cost for optional printed materials is: $100.00. Printed materials are available for purchase at any time and not require to complete this course. Everything you need to complete the course is provided online via our e-learning system.
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.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system 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 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.