Full course description
Course summary:
Risk management has long been a key part of project management, and it has also become an increasingly important part of organizational best practices. Corporations have realized that effective risk management can not only reduce the negative impact of crises; it can provide real benefits and cost savings.
The risk management framework provided in this course is flexible enough for any organization. You can apply it to a single project, a department, or use it as a basis for an enterprise-wide risk management program.
Course objectives:
After completing this course, learners should be able to:
- Define risk and risk management.
- Identify the COSO ERM and ISO 31000.
- Establish a risk management context.
- Describe the 7 "R"s and 4 "T"s that form the framework of risk management activities.
- Design and complete a basic risk assessment.
- Determine the appropriate response to risks and create a plan for those responses.
- Describe the key components of reporting, monitoring, and evaluation of a risk management program.
Recommended background:
No additional background knowledge or skills are required for this course.
Course topics include:
- Understanding Risk
- Assessing Risk
- Responding to Risks
- Resourcing Controls
- Reaction Planning
- Reporting and Monitoring
- Reviewing and Evaluating the Framework
Elements of the course:
- Informational text
- Interactive practice activities
- Supplemental reference materials
- Final assessment
This course is self-paced, allowing learners the flexibility to complete the course as quickly or slowly as they need.
After completing all course content and activities, you will complete a final quiz to demonstrate your understanding of key course concepts. Upon successful completion of the quiz, you will be awarded a certificate of completion.
Course creators:
This course was designed and developed by the Eppley Center for Parks and Public Lands at Indiana University, using content from Velsoft.
How to access:
Upon enrolling, you will receive instructions and the link to the Canvas course. Note: When you register, you will receive an email invitation. Be sure to accept that invitation, or Canvas will not allow you to open the course modules.
Enrollees can move through content modules at their own pace within the course timeframe.