Risk Management (NQF Level 3)


Who Should Attend

  • Managers and Supervisors
  • HR Representatives

Programme Description

Risk Management is a course that explores the nature of risk and ways to mitigate this risk thereby reducing any risk of financial and reputational loss to an organisation. The course covers how to set up risk management system as well as practical aspects of identifying, evaluating, assessing, monitoring and administrating this risk. By the conclusion of the course, participants will have a better understanding of risk management process and how to use this process in making effective decisions.

Programme Outcomes

On completion of this programme learners should be able to:

  • Identify the various risks (both internal and external) an organisation is exposed to
  • Quantify the level/amount of risk that the company is exposed to
  • Be able to effectively evaluate risk and develop appropriate risk controls
  • Implement risk management programmes in the organisation to mitigate risks
  • Use the Risk Management framework to make effective decisions under conditions of risk and uncertainty

Topics

  • What is Risk Management
  • Focus on the Concept of Risk and identify the source of risk
  • Decision Making Under Conditions of Risk and Uncertainty
  • Good Corporate Governance and Enterprise Risk Management (ERM)
  • Managing Risk
  • Responding to risks by implementing Risk Controls
  • Interrelationships Between Risk Control and Financial Elements in the Risk Management Process