Risk Response Strategies

Contrary to popular belief, risk management isn’t something you can make up as you go along. Nor is a quality risk response plan something that happens by accident. For an organisation to successfully identify, analyse and manage every potential risk, structured risk response strategies must be created and implemented. The more focused, detailed and regimented the risk response plan is, the higher the likelihood of its success. Given the nature of risk, there’s no such thing as focusing too much time and attention on risk management. The best ERM strategies not only help mitigate and avoid threats, but also ensure the business makes the most of every opportunity that comes along.

Learn how to create and implement an effective risk management plan for your business with this exclusive tutorial. Explore programme vision and rationalisation, along with initiation and essential management selection. Find out how to determine mission-critical objectives, assess risks in accordance with key evaluation criteria and analyse the data collected. Take your knowledge and understand of risk control and alleviation to a profession level.