Risk Management: Assessing Risk
Risk is the driving force behind every business venture, so it's important to understand risk and plan for it. In order to manage risk, however, leaders first need to assess the risk factors that threaten their organization so that they can create a strategy to avoid or mitigate that risk. This course examines the techniques commonly used to assess risk, including opportunity assessment, and threat assessment using FMEA - Failure Mode and Effect Analysis.
What You Will Learn
- Determining the techniques most appropriate to assess risks
- Recognizing key risk assessment concepts
- Assessing an opportunity
- Calculating the risk priority number for a threat