Understanding Risks, how to identify, assess, mitigate and monitor them for decision making is crucial to the success of any one in a role needing to make calls.
We examine the concepts around Risk Mitigation, for decision makers and anyone in a position of leadership/responsibility.
Risk is something we live with daily in business and all around us. It is not so much as not to have ANY risks (where ideal), but by definition, carrying on in business is a risk and presents multiple risks. So, we need to explore ways we can manage those risks.
Risk management refers to the process of identifying, assessing, and mitigating risks that could potentially impact the business or organisation or performance of an institution or its clients.
This course explores:
– Various approaches to risk
– Various risks that could occur in any business or organisation
– Managing and mitigating risks
– Creating an environment of risk awareness and mitigation is normal
Some of the introductory concepts we look include:
– Common approaches to risk
– Risk Identification
– Risk Assessment
– Risk Measurement and Monitoring
– Risk Mitigation
– Regulatory Compliance and more
Overall, effective risk management is essential for maintaining business and financial stability, protecting against losses, and building trust and confidence among stakeholders.
Decision Makers and Leaders can develop the skills to managing risks, ensuring that the organisation and it’s stakeholders are protected as well as served to the benefit of all.
Thanks for stopping by on this course and look forward to your feedback.
Feel free to reach out if you have any questions.
best regards,
Baba
