Managing Business Risk Developing a Risk Management Plan

Training Provided by 123-CBT Computer Based Training Managing Business Risk: Developing a Risk Management Plan teaches learners about the various risk management models as well as factors that influence the risk management function in organizations. Students will also learn about the risk management environment that organizations face and the methods used to assess those risks.

Learn To

• Identify the differences between traditional and contemporary risk management.
  
• Identify the reasons why risk management is becoming more important.
  
• Identify methods that can be used to assess potential risks.
  
• Sequence the steps for implementing a risk management plan.

Audience

The target audience for this program is Team Leaders, Directors, and Managers.

Deployment Options

e-Learning

Accreditation

NASBA credits: 3 CPE Credits

CEU credits: 0.30 CEUs

Language Options

US English

Total Learning Time

2 to 4 hours

Objectives

Unit 1: Evolution of Risk Management (0.5 - 1 hour)

• Identify the differences between traditional and contemporary risk management.
  
• Identify the duties of a risk manager.
  
• Identify the reasons why risk management is becoming more important.
  
• Identify the factors that influence an organization's selection of a risk management model.
  
• Simulation Overview:
  
• In the simulation at the end of this unit, you will meet with Barnard Byrne, President of Parmelle Drilling, a subsidiary of Icon. The drilling industry has been lukewarm in its compliance with OSHA regulations and employee training has been minimal and irregular due to the current low price of oil and the high rate of employee turnover. However, a recent tragic accident on a neighboring oil rig has brought renewed attention to risk factors and safety training needs. As a result, executives at Parmelle are considering hiring you for a new position they are creating: the Director of Organizational Risk Management. In this position, you would design a risk management program. In this meeting, you must answer Barnard a a s questions about the development of risk management as a discipline, the responsibilities of a risk manager, and risk management models that could guide Parmelle a a s risk management program.

Unit 2: The Risk Management Environment (0.5 - 1 hour)

• Categorize business-related risks.
  
• Identify company-specific factors that can affect the risk management environment.
  
• Identify methods that can be used to assess potential risks.
  
• Simulation Overview:
  
• In the simulation at the end of this unit, you will meet with your friend Dean Kramer, Chief Analyst and Training Director for Superior Safety Specialists, a company that specializes in workplace health and safety training. As a hopeful candidate for the position of Director of Organizational Risk Management for Parmelle Drilling, you are enlisting Dean a a s help to prepare you for your next round of meetings and interviews. Dean will ask you questions about how economic factors can affect risk management and will guage whether or not you recognize the importance of goal-setting in risk management. He will also assess your k

  This is primarily online training This is an online eLearning or CBT training program This program may be available on CD Contact 123-CBT Computer Based Training for more information

  Training Presented in: English

Managing Business Risk Developing a Risk Management Plan --

About The Training Provider: 123-CBT Computer Based Training

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