Managing Risk

  • 5 Courses | 2h 16m 40s
  • 8 Books | 53h 47m
  • 10 Audiobooks | 37h 11m 17s
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Managing risk well requires identifying risk factors, evaluating potential impacts, and developing risk mitigation plans. Expand your knowledge.  


Identifying Risks in Your Organization

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    Identifying Risks in Your Organization
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    Considering Internal and External Risks
    3m 6s


Identifying Risks in Your Organization
Risk is an inevitable aspect of any business. As a manager, it's important that you mitigate or avoid the potential impact of a risk if it comes to pass, to ensure the long-term survival of your organization. This course focuses on the first step in managing risk, identifying risks to your organization. You’ll explore the difference between internal and external risks, and how some risks may actually present a strategic opportunity. You’ll also learn how to use some techniques that can help you identify risks and calculate the probability that they will occur, including root cause identification, the Delphi technique, and brainstorming sessions.
7 videos | 27m has Assessment available Badge Certification PMI PDU
Assessing Your Organization's Risks
Risk is a fact of life for businesses and one that will never just go away. But before you can start managing risk, you need to be able to assess a risk – as well as its probability  – in order to create a strategic plan that will enable you to avoid or mitigate its potential negative impact. In this course, you’ll learn some common techniques for assessing risk, including opportunity assessment, and threat assessment using FMEA – failure mode and effects analysis.
7 videos | 29m has Assessment available Badge Certification PMI PDU
Responding Effectively to Risks
The third step to take when managing risk, once you’ve identified and assessed risks to your organization, is to deal with them appropriately. Some risks may have a higher probability of becoming a reality than others, while others may have more of a negative impact. You’ll need to treat each of these types of risks differently. This course covers how to create an effective strategy for responding to risk, such as risk exposure adjustment and contingency planning. It also outlines specific strategic plans for dealing with a risk that may be a threat or an opportunity.
7 videos | 27m has Assessment available Badge Certification PMI PDU
Managing a Project to Minimize Risk and Maximize Quality
When starting a project, there are many things to consider. One key area is risk. Managing risks means preparing ahead of time for all the things that could go wrong…or go right! Another key area is quality. How are you going to ensure that your product or service meets stakeholders' expectations? And then there's figuring out whether to do all the work in-house or outsource it to a third party. And how do you choose the vendors who will partner with you in managing risk to maximize quality? This course will help you sort out all these considerations by explaining common methods and best practices related to risk management, quality management, and procurement.
7 videos | 27m has Assessment available Badge Certification PMI PDU
Expert Insights on Managing Risk
Risk management is an oxymoron, but it shouldn’t be—because managing risk is exactly the thing that makes it possible to take risks in the first place. Knowing the essentials of risk management help you decide when to go big or go home.
8 videos | 25m available Badge


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Book Summary

MIT Sloan Management Review Article on How to Manage Risk (After Risk Management has Failed)
This article from MIT Sloan Management Review suggests how the key shortcomings of traditional risk management can be addressed by adopting a more sophisticated alternative — the Bayesian approach.
Book Duration 13m Book Authors By Adam Borison, Gregory Hamm


Business Continuity and Risk Management: Essentials of Organizational Resilience
Containing state-of-the-art summation of global body of knowledge for BCM and RM, this first ever graduate/senior undergraduate college text includes current international standards, case studies, and extra chapters that focus on IT, Emergency Management, and Risk Modeling applications.
Book Duration 5h 55m Book Authors By Douglas M. Henderson, Kurt J. Engemann


Handbook on Decision Making: Vol 2: Risk Management in Decision Making
Presenting innovative theories, methodologies, and techniques in the field of risk management and decision making, this book introduces new research developments and provides a comprehensive image of their potential applications to readers interested in the area.
Book Duration 9h 7m Book Authors By Guangquan Zhang (eds), Jie Lu, Lakhmi C. Jain


Implementing Enterprise Risk Management: Case Studies and Best Practices
A practical guide to establishing an effective ERM system by applying best practices at a granular level, this insightful book includes case studies of leading organizations and provides clear, demonstrative instruction on establishing a strong, real-world system.
Book Duration 13h 54m Book Authors By Betty J. Simkins, John R.S. Fraser, Kristina Narvaez


Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management, 3rd Edition
Providing a comprehensive introduction to the subject of commercial and business risk, this book is completely aligned to ISO 31000 and examines the key components of risk management and its application, with examples to demonstrate its benefit to organizations in the public and private sector.
Book Duration