The top 20 Risk Management courses you need to take

1. Risk Management

This 4-course Specialization from the New York Institute of Finance (NYIF) is intended for STEM undergraduates, finance practitioners, bank and investment managers, business managers, regulators, and policymakers. This Specialization will teach you how to measure, assess, and manage risk in your organization. By the end of the Specialization, you will understand how to establish a risk management process using various frameworks and strategies provided throughout the program.\n\nThis program is intended for those who have an understanding of the foundations of Risk Management at a beginner level. To successfully complete the exercises within the program, you should have a basic knowledge of statistics and probability and familiarity with financial instruments (stocks, bonds, foreign exchange, etc). Experience with MS Excel recommended...

2. Risk governance: Manage the risks

All organisations must grapple with fundamental issues at the heart of governance: who are our stakeholders? What are their objectives? How can we ensure these objectives are met as effectively as possible? How can we ensure all legitimate stakeholders are treated fairly? Via structured learning activities (video lectures, quizzes, discussion prompts and written assessments) this course will teach you how to address these questions and how a sound governance structure and comprehensive risk management framework can support you and your organisation in achieving its objectives. You will consider contemporary ethical issues and devise practical responses to them, and finally, you’ll discover that your future ‘influencing’ challenge will be to encourage all members of your organisation to understand their role in serving your organisation’s stakeholders...

3. Risk Management

4.3

(187)

This course covers everything you need for a viable Risk Management process in your organization. The concepts covered in this course are universally applicable to all types of organizations. This course is designed to rapidly equip you with the tools necessary to successfully manage risk. You'll learn how to: Identify Risk Analyze risk to determine source and corrective action Rate risk depending on severity and occurrence likelihood Most importantly, this course teaches how to reduce and control risk Gain confidence as you learn how to easily manage the uncertainty all organizations face in completing objectives...

4. Investment Risk Management

By the end of the project, you will learn how to quantify risk-to-reward using Treynor Ratio, and calculate the value at risk for investment portfolio. ATTENTION: To take this course, it is required that you are familiar basic financial risk management concepts. You can gain them by taking the guided project Compare Stock Returns with Google Sheets. Note: This course works best for learners who are based in the North America region. We're currently working on providing the same experience in other regions. This course's content is not intended to be investment advice and does not constitute an offer to perform any operations in the regulated or unregulated financial market...

5. Risk Management, Quality Management

4.3

(68)

Risk and Quality - the two most important elements of any project, is often times overlooked or under-implemented, leaving organisations vulnerable and unprepared. In today's challenging work, no project is immune from Risk and Quality issues. Therefore, it is imperative to be aware to key Risk and Quality issues to be able to respond to project changes. This course will provide you with the fundamental concepts necessary to understand the function of Risk and Quality and help you to: Get Practical - Understand the concept of Risk and Quality Management Develop New Skills - Learn how to implement Risk and Quality Management Tools and Techniques in any project Learn from the Best - From very simple to complex explanation. Some of the key elements of this course are: Quality: Total Quality Management (TQM), Quality Function House (QFD), House of Quality, Ishikawa 7 Tools, Failure Mode Effect Criticality Analysis (FMECA), Cost of Quality, Prevention-Appraisal-Failure Cost (PAF) Statistical Quality Control, Statistical Process Control (Cp and Cpk), Accuracy & Precision, Taguchi Loss Function, Sig Sigma, DMAIC etc. Risk: Risk Management, Risk Planning, Risk Identification, Qualitative Risk Analysis, Quantitative Risk Analysis, Decision Tree, Sensitivity Analysis, PERT, Tornedo Diagram, Probability Analysis, Risk Response, Risk Monitor, Enterprise Risk Management (ERM)The course will benefit the learners from all walk of life, but primarily the following group will be hugely benefited Project ManagersSoftware/Full Stack DevelopersManufacturing Engineers Product Owners/DesignersBusiness and Project Management StudentsThis course is inclusive of knowledge area relevant for various Project Management / Risk Management / Quality Management Certification (e. g. PRINCE 2, PMI) Only tools and techniques that are established by Risk and Quality bodies and are widely accepted as standards across various organisations, included in this course. Any question, please get in touch...

6. Cybersecurity Risk Management Framework

Gain a holistic understanding of NIST cybersecurity fundamentals. You will learn about the RMF process and managing risk by identifying, assessing and responding to risk. Additionally, you will learn how to use the framework to assess an organization's cybersecurity risk and the steps to implement or improve a cybersecurity program. You will deep dive in to the NIST 800-171 document where you will learn how to understand each of the 110 requirements and how to satisfy each of them. You will learn ow to create a Body of Evidence (BOE) including Organizational Policy or Procedures; a System Security Plan (SSP) and Plans of Action and Milestones (POAM). Upon completion of this course, you will have the knowledge and skills to implement the controls required by the NIST 800-171 framework and build your BOE...

7. Cybersecurity Risk Management Frameworks

In this specialization, you will learn how to define Cybersecurity risk and discuss the threats that create it while you also learn to describe the role of Cybersecurity management in the management of Cybersecurity risk. You will go on to understand the elements of a general risk management framework as well as how to develop and administer a risk management effort. Along the way you will learn about the dominant standards and frameworks in risk management, and the tools used to support them...

8. Introduction to Risk Management

In this course, you will learn about risk assessment techniques and how to implement a number of strategies that will ensure the protection of assets. You will learn about the relationship between assets, vulnerabilities, threats, and risks. You will also engage with a number of current case studies in the industry that illustrate the material. You will leave the course with skills relating to threat modeling and business continuity planning that have direct applications at your current job or in your future career...

9. Portfolio and Risk Management

In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios. You will start by studying how imperfect correlation between assets leads to diversified and optimal portfolios as well as the consequences in terms of asset pricing. Then, you will learn how to shape an investor's profile and build an adequate portfolio by combining strategic and tactical asset allocations. Finally, you will have a more in-depth look at risk: its different facets and the appropriate tools and techniques to measure it, manage it and hedge it. Key speakers from UBS, our corporate partner, will regularly add a practical perspective on these different topics as you progress through the course...

10. IT Risk Management

4

(156)

IT risk management is the application of risk management to Information technology context in order to manage IT risk such as the business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise. Varying definitions of risk management will be explained in this course as well as the different methodologies that exist to manage IT risks. Each of them is broken down into processes and steps. This course will also give an overview of IT risk and risk management as an introduction to the lessons...

11. Project Risk Management

4.2

(139)

Projects are one-off pieces of work that are completed within a fixed timescale. They are undertaken to create unique products and services. They usually contain a great deal of risks, uncertainties, and complexities that need to be managed. Projects are necessary for there to be development in any business or nation. The challenge however is that management of projects could be complex especially if the requisite knowledge and skills are missing in those saddled with this responsibility. There are a series of project management approaches and tools to help organizations reduce these risks, and create an effective platform to deliver project objectives. These approaches have been carefully documented over the years and they can be learnt. Training in project management, especially one with a practical approach, can help participants gain the necessary knowledge and skills to appropriately utilize the project management tools and techniques to ensure success on their projects. This course is focused on the processes for managing risks on projects. The course is useful for those preparing for the project management professional certification exam and those new to risk management or that have the responsibility of managing projects as team members or subject matter experts. The course explores in detail the definitions, processes, tools and techniques that are critical to successful management of risks on projects. Techniques and tools for risk identification, risk analysis, risk response planning and monitoring and control are discussed extensively. The course covers the 7 processes of Risk Management namely;Plan Risk ManagementIdentify RisksPerform Qualitative Risk AnalysisPerform Quantitative Risk AnalysisPlan Risk ResponsesImplement Risk Responses and Monitor RisksAt the end of this course, participants would be able to;Understand the need for managing risks on projects and in an organisationDefine risk and understand risk concepts including risk appetite, risk tolerance, risk criteria, etcUnderstand the different types of risksEnumerate the processes required to manage project risksIdentify project risks and how to create a risk register with various tools and techniquesAnalyse project risks, including tools for qualitative and quantitative analysisCreate risk response strategiesImplement, monitor and control risk responsesUnderstand how to manage risks on project...

12. Enterprise Risk Management

4.4

(166)

The aim of the Enterprise Risk Management (ERM) Specialist Technical subject is to instil in successful candidates the key principles underlying the implementation and application of ERM within an organisation, including governance and process as well as quantitative methods of risk measurement and modelling. The student should gain the ability to apply the knowledge and understanding of ERM practices to any type of organisation. This subject develops concepts introduced in the earlier actuarial subjects, particularly (Risk Modelling and Survival Analysis) and (Loss Reserving and Financial Engineering). It also develops the risk management techniques introduced in Actuarial Risk Management. Part 1: Introduction to Enterprise Risk ManagementOverview - which is where we currently areUnderstanding Risk - where we talk about the various dimensions of risk and explain how it is much more than just volatility. ERM Framework - here we introduce the Risk Control Cycle which acts as a structure for the rest of the course. We also discuss Risk AwarenessGovernance - A lot can be said on this topic so we try to distill the most important parts into governance principles and the various mechanisms that can achieve them. Regulators and other Stakeholders - Here we introduce regulators and other stakeholders. We will revisit regulation in the later videos on Capital Management. Whereas the ActEd notes try cover all the regulation in one go. Part 2: The Enterprise Risk Management FrameworkRisk Identification - Some sources have Risk Identification as step 1 whereas we see it as step 2 in the ERM Framework. Step 1 is Risk Awareness where one defines Risk Objectives and Risk Appetite. We look at tools and techniques for identifying risks and discuss Risk Categories and the Risk Register. Risk Assessment - In this chapter we introduce some of the aggregate models that help us measure risks. We speak about the mathematical properties of risk measures and discuss which risk categories can be quantified. The later videos will go into a lot more detail on how to measure each type of risk. Risk Management - The four main ways we respond to risk are either by using capital as a reserve, transferring it to another party, removing it by ceasing activity or by using various controls to try reduce it by managing it. Again the later videos will go into a lot more detail on how to manage each type of risk. Risk Monitoring - This is sometimes the forgotten step of Risk Management. Here we talk about what goes into a Risk Report and how its results need to be fed back into the Risk Awareness stage, thus completing and restarting the Risk Control Cycle. Part 3: Risk Models and Risk ResponsesAnalysing Insurance Risk - This is a short recap of Actuarial Science. We discuss the fundamental actuarial assumptions and the business case for insurance. We then dive into a bit of the maths behind Pricing Models and talk about fitting distributions, parameter estimation and testing for goodness of fit. Managing Insurance Risk - Here we talk about sources of Capital and discuss classic risk management techniques like excesses, exclusions, underwriting and claims process. We also look at more advanced techniques like co-insurance, reinsurance and contract design. Introducing Market Risk - Here we define market risk as the profit or loss caused by the unexpected change in an assets price. We look at the economic factors that drive price changes as well as two different investment philosophies. We also look at how one can model stocks with Stochastic Processes. Analysing Market Risk - This is quite a mathematical chapter as we look at ways of forecasting volatility. We compare GARCH models to implied volatility. Extreme Value Theory - EVT can be applied to various types of Risks but we look at it after market risk because for too long market risk has been modelled with the Normal Distribution instead of fat tail distributions that capture extreme values. In this video we look at the tails and try to figure out how one can model extreme events in the absence of sufficient data. Managing Market Risk - We start this chapter by looking at 20 ways a farmer can manage their market risk without the use of derivatives. We then look at the limitations of derivatives and discuss how to manage currency risks, interest rates and equity risk. Analysing Credit Risk - We compare counterparty risk to default risk before discussing the main differences between credit and market risk and why we have put credit spreads in this section. We then look at the Merton, KMV and Markov Models and how they can be used to measure credit risk. Copulas - Copulas can be applied to other risk and are commonly used to aggregate risks but we have included them amongst Credit Risk because they are used in Credit Derivatives. The basic idea with copulas is that we cannot directly added probabilities because then we might get nonsensical probabilities that are greater than one. So the Copula idea is to first transform probabilities from state spaces of 0 to 1 to state spaces of 0 to infinity. In this tranceded state space the probabilities can be added. We then transform the combined probabilities from a state space of 0 to infinity back to a state space of 0 to 1. Managing Credit Risk - We look at various credit risk management strategies including securitisation. Securitisation is a technique that allows an organisation to transform credit risk into market risk. More managing strategies for Market & Credit Risk - Exotic instruments blur the line between market and credit risk and so we take a look at instruments like Interest Rate Swaps and Credit Default Swaps. Operational Risk: People - Organisations need people for innovation and to execute tasks but people can make mistakes or act against an organisation. We look at work culture as well as different techniques on how to manage people and get the most from employees. Operational Risk: Systems - Systems are the set of procedures that aim to complete a specific function. A vital system is one that manages the cashflow of an organisation. Thus in this chapter we also consider liquidity risk, how to measure it and how to manage it. Part 4: Models, Capital & Case StudiesOverview of Models - The majority of problems that require actuarial skills involve taking a view on uncertain future events. Models can assist and be part of the solution. In this video we look at the components of a model and the different types. Models in ERM - Models are used at almost every step of the ERM Framework and so also pose an operational risk to an organisation. Therefore sophisticated models need to be managed carefully and their results need to be balanced with human judgement. Capital Management - Organisations need to determine the optimal amount of capital to hold. Hold too much and shareholders will experience low returns. Hold too little and the risk of ruin may be too high. We also revisit regulation and see why its important in the financial industry. Capital Models - In this chapter we discuss how to develop a capital model and how it can be used to allocate capital across a business organisation. Case Studies - In the final video we look at famous case studies and the risk management lessons that we can learn from them...

13. Enterprise Risk Management

4.5

(3,561)

Note: Students who complete this course have an option to apply for the certification exam by Quality Gurus Inc. and can achieve the Verified Certification from Quality Gurus Inc. It is optional and there is no separate fee for that. This course teaches the concepts of Risk Management in a simple to understand language. In addition to the basic definition and fundamental concepts related to Risk Management, this course also teaches how to implement Risk Management in an organization. Five steps of managing risk include:  Planning for Risk Management, Identifying Risks, Analyzing Risks, Planning Risk Response and Implementing, and Monitoring and Controlling Risks. Identified risks are recorded in the risk register. These risks are analyzed using quantitative or qualitative techniques. One qualitative technique which is commonly used is the Probability and Impact Matrix. I have explained this easy to use in detail in this course.  I have also included a template for Risk Register, which can help you get started with the implementation of Risk Management in your organization. Risks could be negative or positive (opportunity). What are the approaches to address positive and negative risks? ISO 9001:2015 requires Risk-Based Thinking to be applied to all processes. What is covered in this course?Section 01: Introduction to Risk ManagementA Defining RiskB Risk vs. IssueC Risk Appetite and ToleranceD Defining Risk ManagementE Risk Management PrinciplesF Application of Risk ManagementSection 02: Five Simple StepsA Plan Risk Management RiskB Identify RisksC Analyze RisksD Plan and Implement Risk ResponsesE Monitor and Control RisksSection 03: ConclusionA Risk RegisterB Risk Based ThinkingC Failure Mode and Effects Analysis (FMEA)What are other students saying about this course?The course is really helpful. It gives a comprehensive picture of ERM and has specific examples so I can understand it easily. (5 stars by Hoa Thi Tran)The course was a good match for me based on the task which I am currently doing. (5 stars by Suzan Shuma)Overall, it's a great concept refresh exercise to listen in and get pointers on practices that we forget or don't execute on our projects. (5 stars by Omar Mendez)Very well structured presentation. (5 stars by Chigozie Okonkwo)Clear and succinct introduction to risk management which can be immediately applied to your workplace. The study notes are great! (5 stars by Phua Li Ern Eleanor)What are you waiting for?This course comes with Udemy's 30 days money-back guarantee. If you are not satisfied with the course, get your money back. I hope to see you in the course...

14. Project Risk Management

4.3

(1,800)

Project Risk Management (PRM) provides an effective approach to improve decision-making, reduce threats, and increase the probability of the project achieving its cost, time and other objectives This Course provides a basic understanding of risk management concepts and how to identify, analyze, and mitigate risks.  Build a Powerful Knowledge of Risk Management  Risk management processes Definition of risksRisk IdentificationRisk Breakdown StructureHow to create a risk registerQualitative risk analysisQuantitative risk analysisRisk mitigation  Course Objectives This course is designed to cover different areas that related to Project Risk Management.  I have deigned this course in  a simple way that enable you to understand risks and we start the course from early beginning explaining definition of risks and  how to identify , analyze, mitigate and control risks. Also I have tried to support the theoretical issues wit practical examples.   By completing this course you will have the knowledge of using tools and techniques to identify , analyze , mitigate and control risks in a professional manner ...

15. Risk Management: Hazard Identification & Risk Assessment

4.3

(741)

We are living in a world where we are facing hazards every day and everywhere, the moment you wake up and went to the washroom, start your car drive to work, and work at an office and then come back home, you will bump into thousands of hazards including from slipping and tripping at home or reckless drivers on roads or any of the others depending on the type of work you are involved in. When we look at the industry we can see many dangerous processes going on, there are machines with moving parts, high-temperature procedures, people working at height handling sharp equipment and working in underground tunnels and mines, they are facing many hazards which can cause them near misses, injuries and in extreme cases deaths. Thus there is a need for Hazard Identification & Risk Assessment (HIRA) techniques. Risk Assessment techniques must be understood in order for careful assessment of risk assessment if you are made responsible for risk assessment in your department you must be able to know what are the primary sources of hazards and how to evaluate those hazard by grading of likelihood and severity. You don't need to be an expert level health and safety professional in order to carry out this job, however, you must be aware of HIRA which you will study in this course. Key Takeaways - Students will be going to learn practically the making of a hazard risk assessment sheet from the scratch, the risk assessment sheet prepared in Microsoft Excel is the tool which I have developed for a logistics firm where I have worked as an HSEQ Manager. It is an excel based sheet with formulas you can download it from the downloadable resources tab of this lecture...

16. Project Management Fundamentals: Risk Management

4.4

(504)

Without risk, there can be no reward. When not managed risk reduces your ability to achieve your project's goals, if not derailing it altogether. In this course, author, trainer,  and Certified PMP® Luke Angel takes over 20 years of experience and shows you how to anticipate, assess, and manage project risk so that you projects always end with rewards. Whether your project is large or small you will gain the necessary knowledge to master the art of risk management. In this course you will learn how to gauge your stakeholders' tolerance for risk, assemble a risk plan, build a risk register, and maintain project continuity as risks emerge. Additional Topics: Risks Management Basics How To Mange Portfolio Risks How to Identify and Manage Risk Tolerance How To Create And Manage Risk Plans Risk Identification Methods Risks Consolidation And Categorization And Techniques Risk Record Management Risk Register Management How To Conduct Qualitative Risk Analysis How To Conduct Quantitative Risk Analysis How To Conduct Risks Assessment And Prioritization Risk Response Techniques How To Create Risk Response Plans Create Risk Triggers And Deploy Them Create Awesome Risk Reporting Deploy and Manage Risk Responses Maintain Ongoing Risks Management...

17. Contract Management: Managing Contractual Risks

4.2

(295)

On completion of this Contract management (managing contractual risks) course you will be in a position to evaluate the legal and process and issues relating to the formation of contracts and the legal implications of contractual nonconformance. You will also be able to assess the impacts of breach of contract and examine coping remedies and provisions that are available under such circumstances. As organisations outsource more and more activity it is vital that they ensure that the associated contracts deliver expected services and/or products. Hence, a fundamental area that those who are tasked with managing the procurement and supply function are faced with is the identification, monitoring and management of contractual risk. This course is designed to enable you to examine the nature of contract risk and the associated legal implications that relate to contract formation and non-conformance. As pointed early you will also consider the impact of breach of contract and coping strategies to address such breaches. Most business agreements are as a result of back and forth negotiations. The real challenge is in knowing the risks that come with this process. You see when you define a business agreement, a. k. a, a contract as legally binding, the real questions is what exactly did you agree to that is supposed to be legally binding and what will you do if the other party doesn't keep their end of the legally binding agreement. All of which point to CONTRACT MANAGEMENT and the need to MANAGE CONTRACTUAL RISKS...

18. Financial Engineering and Risk Management

This specialization is intended for aspiring learners and professionals seeking to hone their skills in the quantitative finance area. Through a series of 5 courses, we will cover derivative pricing, asset allocation, portfolio optimization as well as other applications of financial engineering such as real options, commodity and energy derivatives and algorithmic trading. Those financial engineering topics will prepare you well for resolving related problems, both in the academic and industrial worlds...

19. Introduction to Cybersecurity & Risk Management

In this case-based Specialization, you will be introduced to the field of cybersecurity through the world of security governance and risk management.\n\nThroughout this program, you will practice applying foundational concepts of security governance and risk management including:\n\nCreating security strategies that align with a company’s goals and objectives.Applying risk assessment techniques to real-world situations.Implementing effective security education, training, and awareness programs...