<span data-sheets-value="{"1":2,"2":"This unit standard is designed to provide credits towards the mathematical literacy requirements of the NQF at level 4. The mathematical literacy requirements' essential purpose is that, as the learner progresses with confidence through the levels, the learner will grow in an insightful use of mathematics in managing the needs of everyday living to become a self-managing person. An understanding of mathematical applications that provides insight into the learner`s present and future occupational experiences and so develop into a contributing worker. The ability to voice a critical sensitivity to the role of mathematics in a democratic society and become a participating citizen. People credited with this unit standard can measure, estimate, and calculate physical quantities in practical situations relevant to adults with increasing responsibilities in life or the workplace. Explore, analyse, critique, describe, represent, interpret and justify geometrical relationships and conjectures to solve problems in two and three-dimensional geometrical situations."}" data-sheets-userformat="{"2":15233,"3":{"1":0},"10":2,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri, sans-serif","16":11}">Risk management is the process of identifying, assessing and controlling threats to an organisation’s capital and earnings.

Monitor, assess and manage risk | Online Course

A Risk Management Course teaches you to find, check, and stop business dangers—keeping your company safe and successful for years

How to Monitor and Manage Risk?

A Risk Management Course shows you how to spot dangers to your projects, understand how bad they could be, watch for risks, and fix problems fast. This keeps your work safe and helps you make good choices ahead of time.

Risk Assessment and Management Process

A Risk Management Course teaches you the structured Risk Assessment and Management Process—identifying, evaluating, and responding to potential risks that threaten projects or operations. By learning this approach, you’ll minimize threats, seize opportunities, and make smarter decisions through proactive planning.

Overview

Risk management is the process of identifying, assessing and controlling threats to an organisation’s capital and earnings.

Description

Risk management is the process of identifying, assessing and controlling threats to an organisation’s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to alleviate them, have become a top priority for digitised companies. As a result, a risk management plan increasingly includes companies’ processes for identifying and controlling threats to its digital assets, including proprietary corporate data, a customer’s personally identifiable information and intellectual property.

Course Content

Unit 1: Understanding risk

1.1 (incl 1.2) Understanding risk
1.3 Concept of risk management
1.4 (incl. 1.5, 1.5.1 & 1.5.2) Factors that can constitute risks
1.5.3 Employment equity act
1.6 Financial risks
1.7 Operational risk
1.7.1 Health and safety risks
1.7.2 Environmental risks
1.8 Organisational policies and procedures

Unit 2: Risk identification and assessment

2.1 (incl. 2.2, 2.3 & 2.3.1) Risk identification and assessment
2.3.2 Identifying prospective risks
2.3.3 Conducting interviews
2.4 Scenarios that can constitute a risk
2.4.1 (incl. 2.4.2 – 2.4.4) Financial risk
2.4.5 (incl. 2.4.6 & 2.4.7) Goodwill risk
2.4.8 Risk of staff loss
2.5 (incl. 2.6 & 2.6.1) Risk identification template
2.6.2 Impact analysis
2.6.3 Analysis techniques
2.7 Risk strategies
2.8 Risk register

Unit 3: Developing contingency plans

3.1 (incl. 3.2 & 3.2.1) Developing contingency plans
3.2.2 Plan development and implementation
3.3 Communicating contingency plans
3.4 Storage of contingency plans

Unit 4: Testing and revising contingency plans

4.1 (incl. 4.2 & 4.3) Testing and revising contingency plans
4.4 Recommendations on improvements to contingency
4.5 Revising contingency plans

Accreditation

Non-accredited: Short course only
Duration: 1h 30m
Delivery: Classroom/Online/Blended
Access Period: 12 Months