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Introduction To Risk Management

Risk management is the process of minimizing or mitigating the risk. It starts with the identification and evaluation of risk followed by optimal use of resources to monitor and minimize the same. Risk generally results from uncertainty. In organizations this risk can come from uncertainty in the market place (demand, supply and Stock market), failure […]

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Risk management is the process of minimizing or mitigating the risk. It starts with the identification and evaluation of risk followed by optimal use of resources to monitor and minimize the same.

Risk generally results from uncertainty. In organizations this risk can come from uncertainty in the market place (demand, supply and Stock market), failure of projects, accidents, natural disasters etc. There are different tools to deal with the same depending upon the kind of risk.

Ideally in risk management, a risk prioritization process is followed in which those risks that pose the threat of great loss and have great probability of occurrence are dealt with first.

This course will expose you to;

  • Risk management systems
  • Risk Analysis and Management Process
  • Risk Management process
  • Risk Treatment.


SECTION 1: RISK MANAGEMENT

1
What is risk?
Self-paced
2
What is risk management?
Self-paced
3
Why should we bother with risk management?
Self-paced
4
Risk management systems
Self-paced
5
Quiz
6 questions

SECTION 2: RISK ANALYSIS FOR EFFECTIVE MANAGEMENT

1
Risk Analysis and Management Process
Self-paced
2
Risk Management process
Self-paced
3
Risk Treatment
Self-paced
4
Quiz
10 questions
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