Risk Management: Assessing Risk

Overview/Description
Risk is the driving force behind every business venture, so it's important to understand risk and plan for it. In order to manage risk, however, leaders first need to assess the risk factors that threaten their organization so that they can create a strategy to avoid or mitigate that risk. This course examines the techniques commonly used to assess risk, including opportunity assessment, and threat assessment using FMEA - Failure Mode and Effect Analysis.

Target Audience
Decision makers at all levels in an organization interested in learning about the issues relating to risk and risk management

Expected Duration (hours)
1.0

Lesson Objectives

Risk Management: Assessing Risk

determine the techniques most appropriate to assess risks

recognize key risk assessment concepts

assess an opportunity

calculate the risk priority number for a threat