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 ontowhich looks at monitoring and review.