Risk Management

Every organisation faces uncertainty and risk.  Very few operate in a risk-free environment.  From uncertainty about economic indicators to concerns about safety and the organisation’s ability to retain client support, managing a range of risks is required for both survival and success. 

Every organisation – even small ones – can use risk management strategies and tools to protect vital assets.  This course will lead you to a greater understanding of monitoring, assessing and managing risk.  (Based on SAQA ID 252025, NQF Level 5)

COURSE OUTCOMES

 By attending this course, delegates will be able to:
  • Explain the concept of risk with reference to accepted theory and practice
  • Explain the role of organisational policies and procedures in relation to risk management
  • Identify and document potential risk factors for critical processes
  • Determine the priorities resulting from the impact analysis and document it for implementation in the event of the risk materialising
  • Develop and document contingency plans in accordance with the entity’s policies and procedures
  • Test contingency plans in accordance with the entity’s risk management procedures
  • Document recommendations on improvements to the contingency plan
  • Revise contingency plans to incorporate recommendations from the testing in accordance with the entity’s policies and procedures

COURSE OUTLINE

 Module 1:  Understand Potential Risk

  • Benefits of risk management
  • Concept of risk
  • Factors that could constitute risk
  • Role of organisational policies and procedures
  • Risk management process

Module 2:  Identify Potential Risks and Assess Impact In A Unit

  • Identify potential risk factors for critical processes
  • Identify possible scenarios that could constitute a risk
  • Perform an analysis to rate the impact of each scenario

Module 3:  Develop Contingency Plans for Managing Risk

  • Contingency strategies
  • Risk reporting and communication

Module 4:  Test and Revise Contingency Plans

  • Test contingency plans
  • Document recommendations on improvement to contingency plans
 
Contact Details

Contact Person: 

Bianca van Wyk
Course Details

Unit Standard: 

252025

NQF Level: 

Level 5

Course Delivery Method: 

In Class In Class

Presented Presented Courses

In House In-House

On Demand On Demand

Course Duration: 

2 days

Cost: 

R2980.00

Course fee Includes: 

Lunch and refreshments