Enterprise Risk Management

• Understand the terms related to risk management
• Implement the basic risk management program for a project or operation
• Participate in risk management sessions with good understanding of risk management

Note: Students who complete this course have an option to apply for the certification exam by Quality Gurus Inc. and can achieve the Verified Certification from Quality Gurus Inc. It is optional and there is no separate fee for that.

This course teaches the concepts of Risk Management in a simple to understand language. In addition to the basic definition and fundamental concepts related to Risk Management, this course also teaches how to implement Risk Management in an organization.

Five steps of managing risk include: Planning for Risk Management, Identifying Risks, Analyzing Risks, Planning Risk Response and Implementing, and Monitoring and Controlling Risks.

Identified risks are recorded in the risk register. These risks are analyzed using quantitative or qualitative techniques. One qualitative technique which is commonly used is the Probability and Impact Matrix. I have explained this easy to use in detail in this course.

I have also included a template for Risk Register, which can help you get started with the implementation of Risk Management in your organization.

Risks could be negative or positive (opportunity). What are the approaches to address positive and negative risks?

ISO 9001:2015 requires Risk-Based Thinking to be applied to all processes.

What is covered in this course?

Section 01: Introduction to Risk Management

• A Defining Risk

• B Risk vs. Issue

• C Risk Appetite and Tolerance

• D Defining Risk Management

• E Risk Management Principles

• F Application of Risk Management

Section 02: Five Simple Steps

• A Plan Risk Management Risk

• B Identify Risks

• C Analyze Risks

• D Plan and Implement Risk Responses

• E Monitor and Control Risks

Section 03: Conclusion

• A Risk Register

• B Risk Based Thinking

• C Failure Mode and Effects Analysis (FMEA)

What are other students saying about this course?

• The course is really helpful. It gives a comprehensive picture of ERM and has specific examples so I can understand it easily. (5 stars by Hoa Thi Tran)

• The course was a good match for me based on the task which I am currently doing. (5 stars by Suzan Shuma)

• Overall, it’s a great concept refresh exercise to listen in and get pointers on practices that we forget or don’t execute on our projects. (5 stars by Omar Mendez)

• Very well structured presentation. (5 stars by Chigozie Okonkwo)

• Clear and succinct introduction to risk management which can be immediately applied to your workplace. The study notes are great! (5 stars by Phua Li Ern Eleanor)

What are you waiting for?

This course comes with Udemy's 30 days money-back guarantee. If you are not satisfied with the course, get your money back.

I hope to see you in the course.