Course details

Responding Effectively to Risks

Responding Effectively to Risks


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


Overview/Description
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.

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)
0.4

Lesson Objectives

Responding Effectively to Risks

  • match examples of avoiding threats to the appropriate methods
  • recognize methods of transferring threats
  • identify ways of mitigating threats
  • match types of threat acceptance to examples
  • sequence the responses to opportunities
  • recognize how to effectively use contingency response strategies
  • use techniques to effectively respond to risks
  • Course Number:
    ast_01_a05_bs_enus