Basics of Managing Risks in Operations

Business - Stanley Epstein

This course sets out a well-ordered approach covering the key advances required to recognize, oversee, and relieve operational dangers. We cover key parts of operational hazard administration including basic issues, for example, chance examination, chance craving, likelihood, affect, chance relief process, and prioritization.

Lacking or fizzled interior procedures, individuals and frameworks or outer occasions are the key "hazard drivers" in the operational hazard. These "hazard drivers" are uncommonly far-reaching and cover practically every component of the activities in all types of business and different associations.

As our source, we draw on the budgetary businesses way to deal with operational hazard administration as characterized in the Basel Accords. The Basel see, from the definition to the procedure and standards utilized, is in the moderator's view, the most compact method for showing a down to earth translation of activities chance administration that is effectively duplicated for different business and operational elements.

The successful administration of every single operational hazard is a noteworthy part of an association's hazard administration procedure.

 

 

Learning Objectives:

  • Discover the processes used in the management of operational risk.
  • Identify the different types of operational risks.
  • Explore the methods used in identifying and evaluating the different operational risks.
  • Explore critical issues such as risk analysis, risk appetite, probability, impact, the risk mitigation process, prioritization and risk management responsibilities.

Instructor

Stanley Epstein

Principal Associate & Director at Citadel Advantage Ltd.

Stanley holds a Masters degree in Economics and a BCom. degree in Accounting from the University…

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What will you cover?

  •   Introduction 00:10:19

Instructor

Stanley Epstein

Principal Associate & Director at Citadel Advantage Ltd.

Stanley holds a Masters degree in Economics and a BCom. degree in Accounting from the University…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business
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