Risk management is the process of identifying, assessing and controlling threats to an organisation’s capital and earnings.

Risk management is the process of identifying, assessing and controlling threats to an organisation’s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to alleviate them, have become a top priority for digitised companies. As a result, a risk management plan increasingly includes companies’ processes for identifying and controlling threats to its digital assets, including proprietary corporate data, a customer’s personally identifiable information and intellectual property.

Course Content

  • 1.1 (incl 1.2) Understanding risk
  • 1.3 Concept of risk management
  • 1.4 (incl. 1.5, 1.5.1 & 1.5.2) Factors that can constitute risks
  • 1.5.3 Employment equity act
  • 1.6 Financial risks
  • 1.7 Operational risk
  • 1.7.1 Health and safety risks
  • 1.7.2 Environmental risks
  • 1.8 Organisational policies and procedures
  • 2.1 (incl. 2.2, 2.3 & 2.3.1) Risk identification and assessment
  • 2.3.2 Identifying prospective risks
  • 2.3.3 Conducting interviews
  • 2.4 Scenarios that can constitute a risk
  • 2.4.1 (incl. 2.4.2 – 2.4.4) Financial risk
  • 2.4.5 (incl. 2.4.6 & 2.4.7) Goodwill risk
  • 2.4.8 Risk of staff loss
  • 2.5 (incl. 2.6 & 2.6.1) Risk identification template
  • 2.6.2 Impact analysis
  • 2.6.3 Analysis techniques
  • 2.7 Risk strategies
  • 2.8 Risk register
  • 3.1 (incl. 3.2 & 3.2.1) Developing contingency plans
  • 3.2.2 Plan development and implementation
  • 3.3 Communicating contingency plans
  • 3.4 Storage of contingency plans
  • 4.1 (incl. 4.2 & 4.3) Testing and revising contingency plans
  • 4.4 Recommendations on improvements to contingency
  • 4.5 Revising contingency plans
  • Non-accredited: Short course only  
  • Duration: 1h 30m
  • Delivery: Classroom/Online/Blended
  • Access Period: 12 Months 
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