Managing Risk

Managing risk is as much about creativity and success, as it is about due diligence. These micorlearning lessons are design to help you understand the concept and principles of risk management. Lessons use spaced repetition and gamification to assist you learn more effectively.

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Risk Management Guidelines - Overview

Effectively managing risk requires a framework to assist you in integrating risk management into significant activities and functions. 

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Communication & Consultation

Communication and consultation is there to assist relevant stakeholders in understanding risk, the basis on which decisions are made and the reasons why particular actions are required. 

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Scope, Context and Criteria

Without context there is no point in managing risk! Establishing the scope, the context and criteria is about customising the risk management process, enabling effective risk assessment and appropriate risk treatment.

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Risk Treatment

Selecting and implementing the right treatment options for addressing risk requires a range of methods and techniques. Too often, we identify the wrong risk therefore throw resource at th wrong treatment or control. 

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Risk Assessment

Don't let fear distort the facts! The cover picture is a grey nurse shark, often referred to as the labrador of the sea. Assessing risk is often stifled by perception and bias. Learn how to identify, analyse and evaluate risk effectively.  

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Monitor and Review 

Monitoring and review is about assuring and improving the quality and effectiveness of process design, implementation and outcomes. We often assume that documented treatments and controls are in place, yet have very little evidence of their effectiveness. 

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Recording and Reporting

The risk management process and its outcomes should be documented and reported through appropriate mechanisms. Remember,  its about quality, not quantity!

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Antifragile

It's easier to identify what is fragile (e.g.  champagne glass) than to predict what might harm it! Learn how to thrive on uncertainty, disorder, errors and stressors?

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Human Factors

Human factors are the leading cause to the majority of risk failures around the World. Learn how to reduce complexity and re focus on the most fragile part of risk management… which is people.

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