P5DMALC5-1
In this tutorial you will learn:
- Some of the common risks an organisation faces and the factors influencing them
- About assessing the probability and consequences of a risk occuring
- The critical stages in the risk management process
Table of Contents
- Tutorial Video
- Reading Materials
- ‘Risk analysis and risk management’ webpage on the Mind Tools website
- ‘Business risk management’ by the Institute for Organisational Safety and Health (IOSH)
- 'Fundamentals of Risk Management: Understanding, evaluating and implementing effective risk management’ by Paul Hopkin, published by Kogan Press 2014
- ‘A practical approach to creating a risk management plan’ webpage on the Bright Hub PM website
- Research standards relating to the management of business risk, such as:
- ‘A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000’ by the Institute of Risk Management
- ‘INCHP08150 - Risk analysis: Part 3: risk profiles’ webpage on the HM Revenue and Customs website
- ‘How prepared are you?’ by the HM Government
- ‘Risk monitoring and control’ webpage on the Project Management Body Of Knowledge website
- ‘Strategic Risk Assessment: A first step for improving risk management and governance’ by Mark Frigo and Richard Anderson, published in the December 2009 issue of the Strategic Finance magazine
- ‘Types of risk and related evaluation method’ by the European Agency for Safety and Health at work
- ‘Getting risk ownership right’ by McKinsey & Company
- Presentation
- Good Practice Example
- Interactive Quiz
- Evidence Opportunities
- Extended Learning
- Find and read ‘The Essentials of Risk Management: The Definitive Guide for the Non-risk Professional’ by Michel Crouhy, Dan Galai, and Robert Mark, published by McGraw-Hill Professional, 2nd edition 2014.
- Click to access The International Risk Governance Council framework for risk governance.
- There are a number of useful webpages and documents on the Gov UK website providing guidance on risk management. Click on the icons below to access them.
- ‘Managing information risk’.
- ‘How to manage risks in your charity’.
- ‘Analysis of information risk management methodologies’.
- ‘Risk Management in DFID’.
- Think And Challenge
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