With uncertainties comes a need to increase confidence. To initiate a business risk management plan is to identify risks associated with doing business and increase confidence in managing it. These risks are generally business or industry-specific, such can be the traditional or emerging risks, or such can be preventable which will stipulate creation of rules for compliance or such can be challenging such as strategic or external risks.

Operational risk management includes risks that are a part of the industry the business is in and the way in which it does business. It covers typical daily considerations that process owners have to consider in managing their decisions and strategies around work. It is also a way of managing contingencies as part of the operational controls.

Threat and risk assessment are methods that are indicative for the management of risk treatment action plans. This course is intended for understanding the threat and vulnerabilities, and its impact to the organization when left unmanaged.

Best practice risk assessment techniques have been used at different industries to capture the different sensitivities of the risk assessment process. The course intends to cover the various risk management objectives from risk identification to consequence analysis up to probability and impact assessments.