Course Details

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Assessing Your Organization's Risks


Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number



Overview/Description
Risk is a fact of life for businesses and as a manager, you must know how to manage it. But before you can do that, you need to assess the risk in order to create a strategy to avoid or mitigate it. In this course, you will learn common techniques to assess risk, including opportunity assessment, and threat assessment using FMEA - failure mode and effects analysis.

Target Audience
Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management

Prerequisites
None

Expected Duration (hours)
0.5

Lesson Objectives

Assessing Your Organization's Risks

  • identify the key concepts in assessing risks
  • distinguish between common techniques to assess opportunities and those to assess threats
  • recognize techniques to assess both opportunities and threats together
  • identify questions to ask when performing an assessment of opportunities
  • recall the steps in assigning rankings during a threat assessment
  • sequence the steps to take in calculating the RPN and prioritizing risks
  • recognize methods for performing a risk assessment
  • Course Number:
    ast_01_a04_bs_enus