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Risk Management Essentials
Face to face / Virtual public schedule & onsite training. Restaurant lunch included at STL venues.
From £495 List price £650
- 1 day Instructor-led workshop
- Courses never cancelled
- Restaurant lunch
Syllabus
Who is this course for?
This one-day workshop is designed for professionals across various industries who want to enhance their understanding of risk management.
Whether you’re an aspiring risk analyst, project manager, or business leader, this course provides essential knowledge and practical skills.
It’s suitable for those seeking to navigate risk challenges effectively and contribute to informed decision-making within their organisations.
![Risk Management Essentials Risk Management Essentials](https://www.stl-training.co.uk/asset/image/course/box/454.jpg)
Benefits
Attending this course offers professionals across various industries a unique opportunity to enhance their expertise.By immersing yourself in this comprehensive training, you’ll gain a deeper understanding of risk terminology, assessment techniques, and effective communication strategies. Moreover, you’ll stay ahead by learning about the latest tools and approaches.
Elevate your risk management skills and contribute confidently to informed decision-making within your organisation.
Course Syllabus
Introduction to Risk Management
Understanding risk terminology and concepts
Identifying different types of risks
Overview of risk management frameworks
Risk Assessment and Analysis
Risk assessment methodologies
Quantitative vs. qualitative risk analysis
Case studies and practical exercises
Risk Mitigation Strategies
Risk control measures
Risk transfer, avoidance, and acceptance
Developing risk response plans
Risk Reporting and Communication
Effective communication of risk information
Reporting to stakeholders and decision-makers
Best practices for risk reporting
Action Planning
Create a tangible action plan with next steps
Prices & Dates
What you get
"What do I get on the day?"
Arguably, the most experienced and highest motivated trainers.
Face-to-face training
![lunch](https://www.stl-training.co.uk/asset/image/syllabus/wyg/banner/lunch.png)
Training is held in our modern, comfortable, air-conditioned suites.
Lunch, breaks and timing
A hot lunch is provided at local restaurants near our venues:
- Bloomsbury
- Limehouse
Courses start at 9:30am.
Please aim to be with us for 9:15am.
Browse the sample menus and view joining information (how to get to our venues).
Refreshments
Available throughout the day:
- Hot beverages
- Clean, filtered water
- Biscuits
Virtual training
![virtual training](https://www.stl-training.co.uk/asset/image/syllabus/wyg/banner/virtual-training-1.png)
Regular breaks throughout the day.
Learning tools
![in-course handbook](https://www.stl-training.co.uk/asset/image/syllabus/wyg/banner/in-course-handbook.png)
In-course handbook
Contains unit objectives, exercises and space to write notes
24 months access to trainers
Your questions answered on our support forum.
Training formats & Services
Training Formats & Services
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Learning & Development Resources
Soft Skills Blog
- 5 Key Stages to a High Performing Team
- 12 Key Skills to Navigate Communication in the Modern World
- 4 Characteristics of Influential Leaders
Infographics
Training manual sample
Below are some extracts from our Risk Management Essentials manual.
Risk
·
Definition: The possibility that an event will occur and negatively affect the
achievement of objectives.
·
Example: A company faces the risk of losing customer data due to a cyber attack.
Risk Management
·
Definition: The process of identifying, assessing, and controlling risks to an
organisation’s capital and earnings.
·
Example: A financial institution implements a comprehensive risk management
program to monitor and control credit risks.
Risk Assessment
·
Definition: The process of evaluating the potential risks that could affect an
organisation’s operations.
·
Example: An airline conducts a risk assessment to evaluate the risks associated
with flight operations, such as mechanical failures and weather conditions.
Risk Appetite
·
Definition: The amount and type of risk an organisation is willing to take to
achieve its goals.
·
Example: A tech startup has a high risk appetite, investing heavily in new,
unproven technologies to gain a competitive edge.
Risk Tolerance
·
Definition: The specific level of risk an organisation is willing to accept for
particular objectives.
·
Example: An investment firm has a low risk tolerance for high-risk stocks,
preferring more stable, low-risk investments for its clients.
Risk Mitigation
·
Definition: The steps taken to reduce the impact or likelihood of a risk occurring.
·
Example: A construction company installs safety nets and harnesses to mitigate
the risk of worker injuries from falls.
Risk Transfer
·
Definition: Shifting the impact of a risk to a third party, often through
insurance.
·
Example: A business purchases cyber liability insurance to transfer the
financial risk of a data breach to the insurance company.
Risk Avoidance
·
Definition: Taking actions to eliminate a risk entirely.
·
Example: A company decides not to use a specific chemical in its products to
avoid the risk of regulatory penalties and health hazards.
Risk Acceptance
·
Definition: Acknowledging the risk and choosing to accept its potential impact
without taking steps to mitigate it.
·
Example: A company accepts the risk of minor software bugs in a new product
release, understanding that they can be fixed in future updates.
Residual Risk
·
Definition: The risk that remains after all mitigation efforts have been
implemented.
·
Example: Despite strong flood defences, a city acknowledges the residual risk of
severe flooding during an extreme weather event.
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