Risk Management

Learning Objectives

• Understand the basics of risk management, define risk, explain its importance, and recognise its role in organisational resilience.
  
• Understand the principles, framework, and process of ISO 31000 for structured risk management.
  
• Understand the key components of COSO ERM and how it complements ISO 31000.
  
• Identify risks using practical techniques such as brainstorming, checklists, and risk registers.
  
• Assess risk exposure using likelihood-impact matrices.
  
• Apply risk treatment strategies including avoidance, mitigation, transfer, and acceptance.
  
• Recognise how communication and leadership help embed a strong risk culture.
  
• Apply risk-management frameworks in a practical case-study workshop.