Risk Management Frameworks

• Define relevant risk terminology and recognise the importance of organisational understanding of risk terminology.
• Examine the benefits of a comprehensive and fit-for-purpose risk management framework.
• Recognise the importance of leveraging a well-defined risk management framework for effective decision making across an organisation.
• Interpret the risk culture impacts on the success of a risk management framework.

Section A – Governance Principles

• Risk management versus oversight of risk management activities
• The importance of a strategy in driving a risk management framework
• Introducing risk management better practice
• Why do organisations manage risk
• Developing a risk management framework
• Terminology and definitions

Section B – Professional Practices

• Legislative and regulatory inclusions for risk management requirements
• Taking an organisation’s framework from paper to practice
• Linking business responsibilities to the risk management framework
• Collaboration and culture
• Taking risk versus taking risk safely

Section C – Personal Thinking

• Case study: Westpac’s enforceable undertaking with APRA

Download course outline

A short course is assessed as follows:

• A final quiz (multiple choice, achieve 75% to pass, unlimited attempts).
• A short case study written response (suggested answers are revealed for reflection).
• Knowledge checks are included as you progress through the course material (these are not assessed).
• See the Assessment Rules for further information.

We provide specialised in-house training to organisations who want to train large groups of staff.

What are the benefits on in-house training?

• Train large numbers of staff.
• Participate in customised training that caters to the needs of your staff and your organisation’s business objectives.
• Invite and engage with your key clients, suppliers and contractors to ensure you’re working together with the same knowledge.

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