Risk Management Essentials

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Course Number: V16B

Identifying, understanding, quantifying and mitigating risks are key functions of Engineers and Managers. The essentials of a risk management process that works are considered in this course. Risk Management Essentials is for anyone in technical, leadership or management positions; but can be especially beneficial to those who are responsible for project, process or general business management since all of these positions involve managing risks.

Risk may be defined as a combination of the probability of occurrence of harm and severity of that harm to individuals or businesses. In any business or project endeavor risk management should be a key consideration. Many organizations do not have a defined and deployed process for risk management that makes sense for their business.

In its simplest form risk management involves identifying known potential hazards (risks), applying sound engineering or other principles to mitigate or eliminate the risks and follow up to insure the risks are minimized or eliminated.

Risk Management Essentials is intended to provide practical information that will help you and your organization develop and implement an effective risk management process which:

  1. Protects the organization
  2. Is systematic & structured
  3. Provides input for decision making
  4. Involves knowledgeable people
  5. Considers multiple factors
  6. Leads to continual improvement

**Does not meet the criteria for CE credit in New York State

Course Instructor:

Course Length: 2 Hours, ( 0. 2CEUs or 2PDHs or 2CPCs )

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