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Risk management
Risk management

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9 Summary of Session 5

Session 5 covered the area of risk management that is considered to provide the greatest benefit to the business: risk treatment. This session initially covered the treatment strategies available: accept, reject, transfer and mitigate. You then focused on mitigation and looked at the main areas of activity: implementing actions and operating controls.

The remainder of the session looked at how to review and assess the effectiveness of the actions and controls – a process that is essential for providing confirmation to organisations that its risk management systems are robust.

The main learning points that have been covered in this session are:

  • an overview of treatment
  • treatment strategies
  • an introduction to mitigation through action
  • knowledge of an introduction to controls
  • assessing treatment effectiveness
  • an example of a treatment plan.

Now move onto Session 6 [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] which looks at monitoring and review.