Risk management
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Contents

  • Introduction and guidance
  • What is a badged course?
  • How to get a badge
  • Introduction
  • 1 What do we mean by risk?
  • 2 The importance of managing risk
  • 3 Risk in everyday life
  • 4 Managing risk: a brief history of risk management
  • 5 Business impacts
  • 6 Understanding and expressing risk
  • 7 The risk management process
  • 8 This session’s quiz
  • 9 Summary of Session 1
  • Introduction
  • 1 Enterprise Risk Management (ERM)
  • 2 Risk appetite
  • 3 Why is an Enterprise Risk Management framework needed?
  • 4 The components of a company-wide ERM framework
  • 5 The Risk Management Plan (RMP)
  • 6 The key components of an RMP
  • 7 This session’s quiz
  • 8 Summary of Session 2
  • Introduction
  • 1 The basics of risk identification (What do I need to identify?)
  • 2 What should a ‘well written’ risk statement contain?
  • 3 Different risk identification approaches
  • 4 Styles of risk management
    • 4.1 Top down v. bottom up
    • 4.2 Standardised risk approach
    • 4.3 Standardised elements – controls, root causes, consequence
    • 4.4 Categorising different types of risk
  • 5 Documenting the risk (‘risk registers’)
  • 6 Human factor elements in risk identification
  • 7 This session’s quiz
  • 8 Summary of Session 3
  • Introduction
  • 1 Basic elements of risk assessment
  • 2 The importance of assessing all consequences
  • 3 How to go about assessing a risk
    • 3.1 How to quantify impact
    • 3.2 How to deal with risks that are on a continuum
    • 3.3 Risk aggregation
    • 3.4 Using mathematical models
    • 3.5 Human factors in risk assessment
  • 4 This session’s quiz
  • 5 Summary of Session 4
  • Introduction
  • 1 Risk treatment overview
  • 2 Treatment options
  • 3 Treatment strategies
    • 3.1 Acceptance
    • 3.2 Rejection
    • 3.3 Transfer
    • 3.4 Mitigation
  • 4 Mitigation through action
    • 4.1 Assessing action effectiveness
  • 5 Mitigation through controls
    • 5.1 Elements that make a control
    • 5.2 Different types of control
  • 6 Control effectiveness
    • 6.1 Testing control effectiveness
  • 7 Human factors as a controls weakness
  • 8 This session’s quiz
  • 9 Summary of Session 5
  • Introduction
  • 1 Are the right risks being taken?
    • 1.1 Risk reviews
    • 1.2 Risk key performance indicators (KPIs)
    • 1.3 Deep dives
  • 2 Is the risk management effective?
    • 2.1 The role of risk assurance
    • 2.2 Risk and assurance – three lines of defence
  • 3 Risk-based assurance
    • 3.1 Controls
    • 3.2 Mitigation actions
    • 3.3 Risk framework
    • 3.4 Human factors and internal controls
    • 3.5 Antidotes to behavioural issues
  • 4 This session’s quiz
  • 5 Summary of Session 6
  • Introduction
  • 1 How are the requirements implemented at Rolls-Royce?
  • 2 Working with stakeholders
  • 3 Risk ownership in a matrix business
  • 4 Communication and consultation
  • 5 Recording and reporting
    • 5.1 Risk recording
    • 5.2 Risk reporting
      • Reporting to the board
    • 5.3 Reporting considerations
  • 6 Risk systems and tools
  • 7 Human factors associated with risk reporting
  • 8 This session’s quiz
  • 9 Summary of Session 7
  • Introduction
  • 1 Business continuity and crisis management
  • 2 Internal controls
  • 3 Project risk management
  • 4 Emerging risk management and horizon scanning
  • 5 Safety risk management
  • 6 This session’s quiz
  • 7 Summary of Session 8
  • Where next?
  • Tell us what you think
  • Glossary
  • Acknowledgements

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