Risk Management Fundamentals

Learning outcomes

After successful completion of this course you will understand:

• The foundations of risk
• How risk management practices can be applied in alignment with ISO 31000
• How risk management practices can be applied to other varied business processes such as reporting, decision making and project management
• Current and emerging issues, such as royal commissions, technology disruption, cyber security, and COVID-19 will be used as practical case studies to reinforce the real-world application of risk management capabilities

Course content

Timetable

Day 1

Risk Fundamentals 101

• Why is risk management important to organisations?
• Understanding organisational strategy, risk and opportunities (macro & micro) 
• Risk management frameworks – ISO 31000 and COSO
• Terminology

Planning and structure of risk management

• Organisational structure
• Risk Appetite
• Risk Strategy
• Emerging risks 

Stakeholder management

• Communication within the risk management framework
• Roles and Responsibilities within Risk Management
• Supporting Risk Management within the organisation

Monitoring and reporting Risk

• Monitoring tools
• Indicators of effective risk management
• Data-driven reporting

Day 2

• Risk Identification
• Assessing and evaluating risk
• Risk controls and treatment
• Case Studies and application

Qualification

You will receive a Certificate of Attendance. 

This course has the equivalent of 16 Continuing Professional Development (CPD) points.

Prerequisites

There are no prerequisites for this course.

Assessment

There is no formal assessment as part of this workshop, however, you will go through several practice tasks and workshops to demonstrate the application of the risk management theory and principles. The structure of the workshop will aid in your understanding, providing the opportunity to ask questions and partake in group discussions.

No homework or take-home assessment. 

Who should attend

The course will introduce anyone to the risk management framework and approach. It is suitable for those without, or with limited to moderate experience in risk management and are looking to ensure industry best practice is applied consistently.

Leadership and management positions in all industries would benefit from learning a robust risk management approach to improve their own organisation’s practices.

Project managers will better understand why we manage risk and how they can translate that to their projects to deliver better outcomes.

Line management and process owners will understand what risk management is, and why it’s important in their role in identifying and managing risk. 

Study Pathway – Where to from here?

If you wish to become a registered third-party, or external Quality, Environmental, OH&S, or Integrated Management Systems auditor with Exemplar Global, you will need to complete the Becoming a Skilled Lead Internal/External Auditor course, along with at least one discipline (Quality, Environmental, OH&S, or Food Safety) available in either our:

• Integrated Management Systems Lead Auditor course
• Food Safety Management Systems Lead Auditor course
• Information Security Management Systems Lead Auditor course

Once you have obtained the relevant Exemplar Global competencies, you can follow a qualification-based certification path. A full explanation of the requirements to become certified with Exemplar Global can be found here, or contact us for more information.

How to enrol

PwC offers a streamlined enrolment process – either enrol directly into your course online, or call us on 1300 95 96 92 to enrol over the phone.

Discounts for multiple attendees are available – Please call us to find out what discounts can be applied.

How to pay

We offer a variety of payment methods:

• Direct debit
• Credit card
• Cheque
• Payment plans

Payment plans

We are able to arrange flexible payment plans on an individual basis. Please be aware that your certificate will be held until full payment has been received.

Delivery

Public – Face-to-face

Our regular public courses are conducted at PwC offices in capital cities across Australia. You will enjoy an excellent learning experience in a premium training venue, and;

• We never cancel courses – book with confidence
• Class sizes are kept to manageable numbers – so everybody learns
• No homework or take-home assessment! All work is completed in course time – we know you’re busy
• No major exam – we assess you as you go

Public – Virtual/Online

We’ve developed an online digital classroom to deliver our courses virtually so you can attend from anywhere! Our purpose-built platform is engaging and interactive. Our virtual training platform incorporates:

• Group exercises – facilitated by mini break out workshops amongst participants
• The ability to ask questions in real-time
• Built-in note taking and tracking of course materials
• Interaction with participants and trainer throughout the session through a chat functionality
• Online assessments providing a streamlined marking process

Our aim is to recreate the classroom experience in a safe, virtual environment, maintaining the fun and engaging experience our clients find useful and valuable.

Please note: Due to licensing restrictions, our virtual courses are open to participants from Australia and NZ only.

In-house – Face-to-face or virtual

In-house training can provide a cost-effective training solution for organisations with a number of staff who require training. We can also customise a course to suit your own individual needs, and include your own audit documentation. Call us on 1300 95 96 92 or complete the form below to request a quote. 

Request an In-house quote