Managing Risks
Course Details
Description
Risk management quite literally means managing risks. Risks can arise in any shape or manner—market uncertainty, credit risks, accidents, or natural disasters. Managing risks involves assessing and identifying risks and then developing plans to mitigate the negative impact.
Risk management as a concept is not new. Literature references date back to the 1920s. Most of the initial research in risk management was related to the finance and insurance sectors. But now, risk management procedures and approaches are being utilised in every industry and sector.
Managing risks has long been a key part of project management and has become increasingly important in organisational best practices. Corporations have realised that effective risk management can reduce the negative impact of crises and provide real benefits and cost savings.
The risk management framework provided in this course is flexible enough for any organisation. It can be applied to a single project or department or used as a basis for an enterprise-wide risk management program.
Estimated Time To Complete
Learning Outcomes
By the end of this course, you will be able to
