Risk Management Approach and Practices (RM)

Duration : 3 Days (24 Hours)

Risk Management Approach and Practices (RM) Course Overview:

The Risk Management Approach and Practices (RM) certification offers a standardized framework for identifying, assessing, and managing risks within an organization. It focuses on comprehending potential threats, opportunities, their implications, and efficient management techniques. Industries utilize these practices to reduce potential losses, guide strategic decision-making, promote innovation, and maintain business continuity. Risk identification methods like SWOT analysis or risk matrices, risk assessment techniques such as qualitative and quantitative analysis, and risk mitigation strategies like risk avoidance, reduction, sharing, or acceptance are employed. RM certification highlights an organization’s capability to anticipate and effectively respond to uncertainties, bolstering its credibility and resilience.

Intended Audience:

• Corporate executives and board members
• Risk management professionals
• Operational managers and supervisors
• Project managers and team leaders
• Financial officers and auditors
• Compliance and regulatory professionals
• Business analysts and consultants.

Learning Objectives of Risk Management Approach and Practices (RM):

  1. Understanding the fundamentals of risk management, including risk types, risk components, and risk management processes.
  2. Learning various risk identification techniques such as SWOT analysis, risk matrices, and scenario planning.
  3. Familiarizing with risk assessment methods, including qualitative and quantitative analysis, to evaluate the severity and likelihood of risks.
  4. Developing skills in formulating risk mitigation strategies, such as risk avoidance, risk reduction, risk sharing, and risk acceptance.
  5. Gaining insights into risk monitoring and control, including the continuous evaluation and updating of risk management plans.
  6. Understanding the importance of risk communication and reporting to stakeholders, ensuring transparency and effective decision-making.
  7. Integrating risk management practices into the organization’s strategic planning and decision-making processes.
  8. Enhancing the ability to apply risk management principles to real-world scenarios and industry-specific contexts.
  9. Preparing participants for the RM certification exam, validating their proficiency in risk management best practices.
 Module 1: Introduction to Risk Management
  • Introduction to Risk Management
  • Cyber-Risk Sources
  • Black Swan Events
  • Compliance Risk
  • Ethics
  • A Seven-Question Framework for Ethical Decision-Making
  • Fraud Risk Management
  • Risk Appetite Statement
  • Risk Tolerance
  • Risk Threshold
  • Risk Retention
  • Risk Management Standards
  • Where Risk Resides
  • Risk Ownership
  • Key Risk Indicators (KRI)
  • Risk Assessment Types
  • ISO 27001-based Risk Assessment Process
  • Risk Categories
  • Risk Rewards
  • Silent Cyber Risk
  • Risk Registry
  • Risk Taxonomy
  • Risk Rewards
  • Risk Ontology
  • Risk Registry Products
  • Applying Compensating Controls to Reduce Risk
  • Risk Calculation Formula
  • Risk Management Software
  • Risk Maps
  • Risk-Mapping Software
  • ISO 27005
  • NIST Risk Management Framework (RMF)
  • NIST Risk Management and Assessment
  • NIST Risk Management Hierarchy
  • NIST Risk Assessment Process
  • Other Frameworks and Methodologies
  • Lesser Known Risk Assessment Methods
  • Risk Management Lifecycle
  • Risk Management Program Implementation Use Case
  • Risk Management Program Review
  • Risk Program Maturity Models
  • Enterprise Risk Management (ERM)
  • Risk-Based Internal Audit
  • Physical Risk Assessments
  • TPRM Program Structure
  • Delivery Assurance
  • Validation of Meeting Contractual Requirements
  • Formal Delivery Audits
  • Periodic Random Delivery Audits
  • Third-Party Attestation Services (TPRM)

Risk Management Positions

Risk Law

Procurement Risk Management

Risk Culture

Future of Risk Management

Risk Management Approach and Practices (RM) Course Prerequisites:

• A basic understanding of project management
• Familiarity with risk management concepts
• At least two years of work experience in business-related field
• A bachelor’s degree or global equivalent in business or related field
• Completed training from an accredited RM course provider
• A willingness to adhere to the RM code of ethics and professional conduct.

Discover the perfect fit for your learning journey

Choose Learning Modality

Live Online

  • Convenience
  • Cost-effective
  • Self-paced learning
  • Scalability


  • Interaction and collaboration
  • Networking opportunities
  • Real-time feedback
  • Personal attention


  • Familiar environment
  • Confidentiality
  • Team building
  • Immediate application

Training Exclusives

This course comes with following benefits:

  • Practice Labs.
  • Get Trained by Certified Trainers.
  • Access to the recordings of your class sessions for 90 days.
  • Digital courseware
  • Experience 24*7 learner support.

Got more questions? We’re all ears and ready to assist!

Request More Details

Please enable JavaScript in your browser to complete this form.

Subscribe to our Newsletter

Please enable JavaScript in your browser to complete this form.