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In this course we will examine the identification and management of risks within business operations to actively assess and mitigate risks. We will 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 will explore different approaches to risk management and how these can influence the severity, consequences and impact of potential risk.

This course will serve 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 17, 2021

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

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:05Introduction to Risk assessment and Mitigation
  7:46Key Concepts
  13:29Internal and External Risks
  13:47Mitigation and Minimization
  7:30Approaches to Risk Management
  1:42Conclusion
CONTINUOUS PLAY
  45:18Risk Assessment and Mitigation
SUPPORTING MATERIAL
  PDFSlides: Risk Assessment and Mitigation
  PDFRisk Assessment and Mitigation Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM