LEVEL: Introductory
INTRODUCTION
Risk has been the mainspring of commerce for centuries. Managing risks to achieve economic gain and avoid economic loss is just as essential for corporate CEOs in the 21st century as it was for Venetian merchants in the 15th century. In an increasingly competitive and complex world, effective management of risk in the face of uncertainty has become a vital skill, essential for a significant cross-section within any business.
OBJECTIVE
Even with a plethora of frameworks, guidelines, and models to choose from, there is no “silver bullet.” Is it practical to address risk effectively by delegating responsibility to a standardized, “one size fits all” approach, with resources to match? Defects in risk management practices are causing losses amounting to billions of dollars. Boards of Directors are being challenged to accept responsibility for managing risk. International public accounting firms are strongly advising businesses to return to the basics of risk and risk management.
This online course lays the foundation for an understanding of business risk. It examines the topic of risk, places it in an historical context, viewing it from the perspective of business, and taking a long, hard look at how corporate-wide risk management is faring today, and what can be done to improve it.
WHO SHOULD TAKE THIS COURSE
This course is applicable to all who wish to develop a solid foundation for understanding business risk or to those who would like to refresh their existing knowledge by going “back to the basics.”
BENEFITS OF TAKING THIS COURSE
During this 60-minute module, participants will be able to:
• Explore risk terminology and understand how terms relate to each other.
• Gain insight into different aspects of risk and how it can impact an organization.
• Understand the discipline of risk management, and why it is becoming more important to business, more than ever before, and an essential component of corporate governance.
CONTENT
The course begins with a detailed examination of the topic of risk and risk terminology. This is followed by a chronological review of how risk has evolved over time.
Risk is key to business progress and the considerations are many. The areas in which business is affected are discussed and several key business risks examined in detail.
The last major section of the course addresses the steps involved in a typical risk management process and draws attention to the need for continuous improvement.
DURATION
The length of the course is approximately 60 minutes. The optional final test will take attendees an additional 10 to 15 minutes.
MINIMUM REQUIREMENTS
Introduction to Risk Management is optimized to run on a PC with Windows 98 or higher equipped with Internet Explorer 5.5 or later and connected to the internet. Minimum requirements include:
• Pop-up blockers should be disabled
• Any Windows Based Operating System
• SVGA monitor capable of 16-bit colour and 800 x 600 screen resolution
• Internet Explorer 5.5 or greater, or Netscape 7 or greater
• Macromedia Flash 6 Player or Shockwave Player - both players are downloadable for FREE.
• Minimum 56.6 Kbps Internet connection (High Speed cable, DSL-class or broadband access recommended)
REGISTRATION
http://www.netlearn.ca/IRM_Fall_2008
Contact us for more information: info@Netlearn.ca
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