In this course we examine the identification and management of risks within business operations to actively assess and mitigate risks. We start with a brief overview of internal and external risks that exist in business operations management that could lead to undesirable consequences for the organization. This leads to a conversation about how to examine the processes and procedures required to mitigate and minimize the impact of identified risks. Then we explore different approaches to risk management and how these can influence the severity, consequences and impact of potential risk.

This course serves to enable business operations managers to question progress being made in respect to the assessment and mitigation of risks throughout business operations.

Learning Objectives
  • Explore the internal and external risks that exist in business operations management that could lead to undesirable consequences for the organization.
  • Identify the processes and procedures required to mitigate and minimize the impact of identified risks.
  • Discover different approaches to risk management and how these can influence the severity, consequences and impact of potential risk.
Last updated/reviewed: August 12, 2023

Included In Certifications

This course is included in the following Certification Programs:

8 CoursesBusiness Operations Management Certification

  1. Introduction to Business Operations Management
  2. Process Flow and Capacity Management
  3. Lean Operations and Quality Management
  4. Supply Chain Management
  5. Risk Assessment and Mitigation
  6. Tool kits and Techniques for Business Operations Planning
  7. Implementing a Business Operations Plan
  8. Adapting to Evolving Business Risks and Opportunities
3 Reviews (16 ratings)

Reviews

3
Anonymous Author
Brief overview of risk assessment and mitigation, good for quick understanding.

3
Anonymous Author
Excellent course with practical insights. Very well prepared and presented.

3
Anonymous Author
The slides must reflect everything stated in the audio

Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Risk assessment and Mitigation1:05
  Key Concepts7:46
  Internal and External Risks13:29
  Mitigation and Minimization13:47
  Approaches to Risk Management7:30
  Conclusion1:42
CONTINUOUS PLAY
  Risk Assessment and Mitigation45:18
SUPPORTING MATERIAL
  Slides: Risk Assessment and MitigationPDF
  Risk Assessment and Mitigation Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam