Risk management is the identification, assessment, and prioritisation of risks followed by coordinated and economical application of resources to minimise, monitor, and control the probability and impact of unfortunate events or to maximise the realisation of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures at any phase in design, development, production, or sustainment life-cycles, legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. adverse reactions can be classified as risks while actual events are categorised as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
Identify the hard and soft benefits relating to project risk management
Certified Project Managers to Discuss Case Studies
Detect and communicate Risks to Concerned Business
Define the steps in a project risk management process
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Risk Management Courses
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Risk management is the process of analysing exposure to risk and determining how to handle such exposure best. Georgetown’s risk management process undertakes a best practices approach and focuses on understanding the key risks and managing them within acceptable levels. It is a collaborative process where risk response plans are developed in concert with the stakeholders who understand the risks and are best able to manage them.
What is Risk Management?
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.
Why Should I take a Risk Management course?
Achieve competitive advantage turn business disruption threats into opportunities, Protect brand value and customer satisfaction based on customer service level data and ensure continuity of supply through a controlled, predictable response.
What are the benefits of taking Risk Management Training?
Protect your workers from the sufferings caused by accidents, Reduce employee absences and sick leave, Potentially reduce your insurance premium, Protect your business against the unforeseeable and Maintain your organisation's reputation.
Why Choose Maven Training?
Maven Training offers courses based on the Risk Management Official Curriculum, We provide 100% current material, and Our instructors are professionals and Risk Management Certified.
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