Responding Effectively to Risks

Responding Effectively to Risks

Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number

Overview/Description
The third step to take when managing risk, once you’ve identified and assessed risks to your organization, is to deal with them appropriately. Some risks may have a higher probability of becoming a reality than others, while others may have more of a negative impact. You’ll need to treat each of these types of risks differently. This course covers how to create an effective strategy for responding to risk, such as risk exposure adjustment and contingency planning. It also outlines specific strategic plans for dealing with a risk that may be a threat or an opportunity.

Target Audience
Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management

Prerequisites
None

Expected Duration (hours)
0.4

Lesson Objectives

Responding Effectively to Risks

match examples of avoiding threats to the appropriate methods

recognize methods of transferring threats

identify ways of mitigating threats

match types of threat acceptance to examples

sequence the responses to opportunities

recognize how to effectively use contingency response strategies

use techniques to effectively respond to risks

Course Number:
ast_01_a05_bs_enus