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BCS Foundation Award - How To Manage Risk Training Course

Develop Your Understanding Of Risk, How It’s Measured And Managed

Introduction

Risk is a feature of any business; it influences the decisions an organisation makes and the way in which it operates.

Some organisations are more risk averse whereas others have a greater appetitite for risk depending on what they wish to achieve in the market and the level of insight they have that enable them to take risks.

The BCS Foundation Award - How To Manage Risk is designed for anyone wishing to gain an understanding of the principles of risk and how to manage it within an organisation.

This includes understanding what risk is, identifying different types of risk, and how risk can be measured and assessed. It will consider the principles of risk management and how a clear reporting process can enable clear decisions to be made based on the information provided.

You will consider approaches to risk management and how it can be applied within their own context as well as in different situations and settings

Please Note

You can book this course and hold it in credit until you have decided on a specific course date. Alternatively, please view our other course dates.
Exam Included
3 Days
£1095Excl. VAT

Course Outline

1. Defining What Risk Is

You will be able to:

1.1 Define Risk

1.2 Define Risk Management

1.3 Recognise the principles of the ISO31000 Risk Management Framework.

1.4 Identify the roles in risk management.

2. Analysis The Risk

You will be able to:

2.1 Illustrate an understanding of an organisation’s attitude to risk.

2.2 Indicate the risk associated with implementing a digital technology based on assessment

3. Accurately Measuring And Documenting Risk

You will be able to:

3.1 State risk assessment techniques for qualitative data.

3.2 State risk assessment techniques for quantitative data.

3.3 Describe how to document risk within a risk register.

4. Reporting On Risk

You will be able to:

4.1 Explain the need to report risk at a team level.

4.1.1 Operational risk

4.1.2 Individual / Personal risk

4.2 Explain the need to report risk at a Project level.

4.3 Explain the need to report risk at a Board level.

4.3.1 Strategic risk

4.4 Recognise Stakeholder risk.

Description

This award sits within the Business Innovation area of the AI Foundation Pathway and provides a comprehensive introduction to risk management which you can apply in many business situations.

You'll learn about:

  • Defining risk
  • Analysing risk
  • Accurately measuring and documenting risk
  • Reporting on risk clearly and effectively to decision-makers

About the Course

The BCS Foundation Award In How to Manage Risk has been designed for individuals interested in furthering their understanding of the risks associated with digital technologies and other implications to be considered when implementing them at an organisational level. This Foundation Award is ideal for those who need to further understand the impact risk has on decision making and the running of a business

Who Should Attend

  • Anyone who implements digital technology and needs to understand the associated risks and implications
  • Those who want a clearer understanding around the impact risk has on decision-making and running a business

Materials Provided

  • BCS Foundation Award - How To Manage Risk Materials
  • BCS Foundation Award - How To Manage Risk Examination

Organisational Benefits

Organisations will benefit by:

  • Having staff that are aware of the capabilities of AI and how it can contribute to organisational success
  • Compete in an advanced technological future
  • Use AI to increase efficiency and reduce costs

Individual Benefits

Individuals will benefit by:

  • Having an up to date understanding of AI
  • Being able to identify opportunities to apply AI solutions
  • Being able to position themselves to take advantage of increased technology

Prerequisites

There are no specific entry requirements for this award. However, some professional experience in a business or IT environment may be advantageous.

Prereading

The following titles are suggested reading for anyone undertaking this award. You should be encouraged to explore other available sources.

Title: Information Risk Management

Author: David Sutton

Publisher: BCS

Publication Date: November 2014

ISBN: 9781780172651

Title: David Alexander, Amanda Finch, David Sutton, Andy Taylor

Author: David Snowden

Publisher: BCS

Publication Date: 18 June 2013

ISBN: 9781780171753

Exam Overview

Type: 14 Multiple Choice questions, 3 Scenario Based Questions

Duration: 30 Minutes

Supervised: Yes

Open Book: No (no materials can be taken into the examination room)

Passmark: 13/20 (65%)

Delivery: Digital Format Only.

Exam Type

Classroom Exam

Professional Development Units - PDUs

This award contributes 4 credits towards the:

  • Foundation Certificate In AI (total credits required: 20)
  • Foundation Diploma In AI (total credits required: 36)

Qualifications

BCS Foundation Award - How To Manage Risk

Conclusion

You will develop your understanding of risk, how it’s measured and managed, and how you report on risk effectively to inform sound business decisions - skills vital for every project in every organisation.

BCS Foundation Award - How To Manage Risk Course Dates

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