Every business is faced with risk in its daily operations. They can be something small, such as a retailer not preparing enough small change, or a large risk, like a bank lacking any protection from cybersecurity attacks.
Because managing risks require time and resources, they cannot all be treated with the same measure of focus. Different risks have different levels of impact to the company. It is important that businesses be able to prioritise them with a suitable risk management plan, so that they may be able to deal with their specific risks and needs when the situation arises, without potential solutions being weakened by having their resources split in too many different directions.
Creating a risk management plan will also help you identify more clearly where the areas of vulnerability and inefficiency are in the business that may not have been discovered, perhaps until it is too late. In the end, it can improve a company’s bottom line.
This course will help you to:
- Understand the concepts of risk.
- Learn how to identify and evaluate risks in the workplace, business and environment.
- Understand the consequences and impact of risks and events.
- Know what is needed to take timely appropriate actions to manage risks.
This course is FTS-Approved and has CPD of 1.5 hours.