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Responding to Risks


Overview

Risk Response Development

Identifying, classifying and analysing risks within an organisation is of crucial importance. Nevertheless, it’s how the risks identified are responded to that will determine the outcome. Effective risk response development means accepting that different risks must be responded to in different ways. While some risks can be eliminated entirely, others must simply be tolerated. In other instances, risks can be reduced, transferred or dealt with accordingly. Knowing how to respond to each risk accordingly is a critically important skill the working risk manager must master.

This advanced tutorial has been designed for business owners, managers and anyone working in a risk management environment. Explore the various risk response mechanisms, including when the tolerate, treat, transfer or terminate risks accordingly. Study a range of key considerations when creating and implementing risk response strategies, identifying and evaluating controls, the worst-case scenario, reporting and monitoring, reviewing, evaluating and optimising the risk management framework.

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Objectives

  • Determine the appropriate response to risks and create a plan for those responses
  • Describe the key components of reporting, monitoring, and evaluation of a risk management program

Programme Content

Topics:

  • Tolerate
  • Treat
  • Transfer
  • Terminate
  • Key Considerations
  • Background Information
  • Identifying and Evaluating Controls
  • The Worst-Case Scenario
  • Reporting and Monitoring
  • Reviewing and Evaluating the Framework

Target Audience

  • International business and professional advisors
  • Risk managers looking to upgrade their knowledge and skills
  • Those involved in risk management and want to maintain their CPD
  • Individuals looking to enhance their CVs
  • Anyone looking to develop knowledge and skills for better job opportunities

Prerequisites

No prior knowledge is required to take this unit.

Overview

  • Participants:8 - 400
  • Duration: 2 - 3 hours
  • Participation:Only collaborative

Key Benefits

Get Information

Related

Course Level
Study Method Online
Course Duration 10 Hours
Start Date On going
Awarding Body
Pay in Instalment Full Fee £ 120, Deposite £ , ( £ 0/month )
Full Fee:    £ 120

Discount:    £ 30

Pay Today:    £ 90


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Pay in Full
Get £ 30 Discount Pay Today £ 90
you can pay Staff Training Solutions using payatrader
Pay in Instalment Full Fee £ 120, Deposite £ , (£ 0/month)
you can pay Staff Training Solutions using payatrader
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