Apply Principles of Risk Management

THE PRINCIPLES OF RISK MANAGEMENT TO MANAGE RISK SITUATIONS IN THE PUBLIC SECTOR

Unit Standard

Credits

Unit Standard ID no.

Apply principles of risk management

8

120303

Each Learning Unit can be presented as a separate short course if required

Course Duration: 3 days

Course Outline:

APPLY PRINCIPLES OF RISK MANAGEMENT 

  • Principles of risk management
  • Legislative framework for disaster risk reduction
  • Case studies are analysed to determine how typical risk scenarios have affected a specific sector in the past
  • Importance Of Risk Management

RISK IDENTIFICATION

  • Different types of risks are identified
  • various systems for categorising and prioritising risk are analysed
  • Threats to the risk management within the public sector
  • Risk Estimation

DEVELOP AND IMPLEMENT RISK MANAGEMENT PROCEDURES. 

  • Risk management procedures
  • Roles, responsibilities and accountabilities
  • Reporting procedures for risk management
  • Public Sector legislation requirements. 
  • Measures for determining efficacy of risk
  • Reporting procedures for risk

MONITOR AND ASSESS RISK MANAGEMENT PROCEDURES

  • Measurement of efficacy of risk management procedures
  • Problem areas are identified and plans outlined to address these proactively.
  • Procedures are revised according to revised risk management needs. 
  • Documentation of changes
 
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