Description

Welcome to Manage risk course. This course has been designed to provide you with the knowledge and skills required to manage risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting. It applies to individuals who are working in positions of authority and are approved to implement change across the organisation, business unit, program or project area. They may or may not have responsibility for directly supervising others.

About this course

Training Provider: OHS.com.au with AlertForce (RTO Code 91826)

Location: Online

Course length: Approx. 4 hours (awareness version)

Time: Self-paced

Certification / Accreditation: Certificate of Completion* or Statement of Attainment depending on what is purchased

CPD Points: Yes. 4 points as certificate of completion or 5 points as Statement of Attainment.

Background - What is risk management?

Risk is the 'effects of uncertainty on objectives'. It is essential for organisations to manage risk. Organisations making profits and non-profits providing services to the community must be willing to take risks.

Risk management refers to the identification, assessment and control of threats to an organization's earnings and capital. These risks can be caused by a number of factors, including legal liabilities, financial uncertainty, technological issues, strategic management mistakes, natural disasters and accidents.

An organization can be successful in its risk management program if it considers all the risks that it is exposed to. Risk management examines the relationships between risks and their potential impact on an organization's strategic goals.

The holistic approach to managing risks is sometimes described as Enterprise risk management. Enterprise risk management emphasizes the importance of managing positive risk. The goal of risk management program is not to eliminate all risks but to add value to the enterprise by making smart risk decisions.

Aims and Objectives of this course

This course Manage risk (based on BSBRSK501 ) will help you earn the skills necessary to review organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards.

Our Manage risk course is based on the unit of competency of BSBRSK501 . Whilst this course is not nationally recognized, it follows the learning outcomes and elements associated with that unit. The course contains

1. Narrated e-learning learning resources online 
2. Online Assessment tasks
3. Ability to download your Certificate of Completion once assessment tasks are completed

What will you learn by completing the training course?

This course will include an understanding of awareness of the relevant legislation and your responsibilities in managing risks .

Learning outcomes include:

1. Determine scope for risk management process
2. Review strengths and weaknesses of existing arrangements
3. Communicate with relevant parties about the risk management process and invite participation
4. Research risks that may apply to scope 
5. Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties
6. Assess impact or consequence if risks occur
7. Evaluate and prioritise risks for treatment
8. Determine and select most appropriate options for treating risks
9. Develop an action plan for implementing risk treatment 
10. Communicate risk management processes to relevant parties 
11. Ensure all documentation is in order and appropriately stored 
12. Implement and monitor action plan 4.6 Evaluate risk management process

How Is the Training Delivered?

Manage risk course is available online and completed in your own time. This Manage risk training course is based on the learning outcomes outlined above.

The course is typically designed to be completed in a minimum of four hours. However, the exact length of the course may depend on your ability and prior knowledge around the subject. 

As the training is delivered online, you are able to complete it at your own pace.

What Accreditation Will You Get?

After completing the Manage risk course , an assessment is conducted to determine if you have understood the information presented during the training course. If you pass this assessment, you receive a Certificate of Completion.

IMPORTANT NOTE whilst this course is based on the learning outcomes of the course provided, it is important to note that it is not a Nationally Recognised Statement of Attainment unless you opt for that option. Nationally Recognised training is only really required If you specifically require that unit of competency for a qualification or licence (typically this will require a practical component, further assessment and increased costs).

This course has been designed to comply with the best practices of national health and safety standards. Terminology has been chosen for clarity and ease of comprehension across jurisdictions. For example, ‘employer’ has been used to signify the broader term ‘PCBU’, while ‘WHS’ represents both work and occupational health and safety.

This training is not a substitute for professional legal advice. If you require further advice or information, please contact the health and safety regulator in your jurisdiction.

A Certificate of Completion is issued on successful completion of the course and you are required to get an 80% pass mark to be deemed as understanding the content. It is recommended that training is conducted every 2 years to stay refreshed.

Is the course tax deductible?

Whilst you should get advice from your financial advisor to confirm, generally speaking further training and education related to advancing your career is 100% tax deductible.

Approx. run time: 4 hours