LEORON: Risk Management

An introduction to the fundamental concept of risk in organizations, examining diverse perspectives and establishing a framework for identifying potential business risks.

Skills you'll gain

Overview of risk management principles and methodologies, covering the systematic process of identifying, assessing, and responding to factors that impact organizational objectives.

Skills you'll gain

Distinguishes between potential future risks and existing organizational issues, developing skills to differentiate uncertainties from current problems for better resource allocation.

Skills you'll gain

Explores quantitative and qualitative approaches to analyzing organizational risks, including probability assessment, impact evaluation, and prioritization frameworks.

Skills you'll gain

Examines methodologies for uncovering underlying causes of risks, teaching techniques to identify fundamental factors that create risk situations for effective prevention.

Skills you'll gain

Covers integration of risk management with organizational strategy, aligning risk considerations with objectives to make risk management a proactive component of planning.

Skills you'll gain

Differentiates between inherent risks (before controls) and residual risks (after implementation), teaching evaluation of control effectiveness by measuring gaps between risk levels.

Skills you'll gain

Examines categories of organizational risks with focus on strategic, financial, and operational types, their characteristics, interactions, and management approaches.

Skills you'll gain

Addresses risks from external sources including market dynamics, regulations, economic conditions, and technological disruptions, teaching environmental scanning and trend analysis.

Skills you'll gain

Explores internal risk sources including processes, systems, culture, and human factors, focusing on identifying vulnerabilities that could cause disruptions or failures.

Skills you'll gain

Distinguishes between preventive controls (stopping risks) and detective controls (identifying occurred risks), covering applications, advantages, and designing balanced control environments.

Skills you'll gain

Compares automated and manual control mechanisms, examining strengths and limitations of both approaches and when to implement each type based on reliability and cost factors.

Skills you'll gain

Overview of COSO Enterprise Risk Management and Internal Control frameworks, their components, principles, and implementation approaches to strengthen organizational control systems.

Skills you'll gain

Covers the ISO 31000:2018 risk management standard, its principles, framework, and processes including guidelines for integration, risk assessment, treatment, and continuous improvement.

Skills you'll gain