Risk is a fact of life for businesses and one that will never just go away. But before you can start managing risk, you need to be able to assess a risk - as well as its probability - in order to create a strategic plan that will enable you to avoid or mitigate its potential negative impact.
In this course, you'll learn some common techniques for assessing risk, including opportunity assessment, and threat assessment using FMEA - failure mode and effects analysis.
Learning Objectives
Risk is a fact of life for businesses and one that will never just go away. But before you can start managing risk, you need to be able to assess a risk - as well as its probability - in order to create a strategic plan that will enable you to avoid or mitigate its potential negative impact.
In this course, you'll learn some common techniques for assessing risk, including opportunity assessment, and threat assessment using FMEA - failure mode and effects analysis.