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Risk Management: Methods of Controlling Risk (CRM)
Effectively analyze and manage risks that may affect your organizationPreview the first lesson free — get full access to all 26 lessons.
Essential Provider : Elizabeth Boerlin 7 chapters · 26 Lessons · 1h 55m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
The role of a Certified Risk Manager is vital within any organization. They evaluate and respond to risks that may positively or negatively impact business operations, finances, or reputation. Identifying threats and vulnerabilities can be relatively simple, but understanding when and where to implement mitigation strategies can be challenging. By taking this course, you’ll become a more valuable asset to your company by learning how to tackle these challenges and develop customized and dynamic strategies to reduce damages and risk exposure.
In this course, Risk Management: Methods of Controlling Risk, you'll discover how to implement an effective risk management program. You’ll learn how to analyze risk, identify effective risk control methods, and how to put them into action. You’ll gain clarity on how to plan for a crisis, identify key components of a disaster plan, and how to manage claims that may result from an event.
What You'll Learn
- Define risk control and the role of a Certified Risk Manager (CRM)
- Apply human resources risk control across recruiting, hiring, onboarding, training, and employee records
- Identify product and liability risks, including product liability, IT liability, and slander and libel
- Plan for crises by recognizing what constitutes a crisis and building an effective crisis and disaster plan
- Manage claims through claims management plans, dispute handling, and selecting the right vendor
- Analyze risk types and implement effective risk control methods to reduce damages and risk exposure
Key Takeaways
- The role of a Certified Risk Manager is vital to evaluating and responding to risks that may positively or negatively impact an organization's operations, finances, or reputation.
- Identifying threats and vulnerabilities can be relatively simple, but knowing when and where to implement mitigation strategies is the greater challenge.
- Effective risk control helps organizations protect HR activities, including recruiting, hiring, onboarding, training, regulatory compliance, and employee records.
- Organizations face product and liability risks such as product liability, information technology liability, and slander and libel.
- Crisis preparation and claims management require a disaster plan, an effective crisis plan, and processes for handling disputes and selecting the right vendor.
Frequently Asked Questions
Who is this course for?
It is designed for those in or aspiring to the role of a Certified Risk Manager (CRM), who evaluate and respond to risks affecting an organization's operations, finances, or reputation.
What will I learn in this course?
You'll learn how to implement an effective risk management program, analyze risk, identify effective risk control methods and put them into action, plan for a crisis, identify key components of a disaster plan, and manage claims that may result from an event.
Does the course cover human resources and liability risks?
Yes. It examines human resources risk control across recruiting, hiring, onboarding, training, regulatory compliance, and employee records, and covers product and liability risk control including product liability, information technology liability, and slander and libel.
How does the course address crisis and claims situations?
It explains what constitutes a crisis, what a crisis and disaster plan is, how to implement an effective crisis plan, the role of claims management, claims management plans, handling disputes, and selecting the right vendor.
What skills does this course help build?
It builds skills in Business Risk Management, Enterprise Risk Management (ERM), Model Risk Management, Risk Management, Risk Management Planning, and Professional Risk Manager (PRM).
