How much risk is enough?
Risk assessment and board risk appetite.
- Level
- Bitesize
- Learning time
- 1 hour 15 minutes
- Where
- Strategic Risk
- Price
- £39
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Read the full terms
Certificate of Completion
Overview and Outcomes.
Overview
A risk you cannot name is a risk you cannot manage. This practical module works through the ISO 31000 process of identify, assess, treat and monitor, using Failure Mode and Effects Analysis, the Structured What If Technique and the risk assessment matrix, then sets out the four standard responses. The Airbus A380 case shows that good mitigation does not prevent every failure; it survives one. Many boards approve a risk appetite statement that nobody can quote a month later. This module defines appetite, tolerance and capacity precisely, shows what makes a statement specific enough to change a decision, and explains why appetite must vary by category. Drawing on the Wells Fargo case, it sets out how boards monitor appetite between reviews and spot the warning signs of drift early.
What you'll develop
In this Bitesize, you will develop the ability to:
- Use Failure Mode and Effects Analysis and the Structured What If Technique to identify risks precisely, asking how a process could fail rather than whether it will.
- Assess risks on a likelihood and impact matrix and use it as a conversation starter rather than a verdict.
- Choose between treat, transfer, tolerate and terminate as a deliberate, documented response to an assessed risk.
- Distinguish risk appetite, risk tolerance and risk capacity and explain why a board needs all three.
- Assess whether a risk appetite statement is quantified, qualitative where needed, linked to strategy and set by category.
The Modules.
1 hour 15 minutes of learning.
- 06Identifying, Assessing and Mitigating RiskA risk you cannot name is a risk you cannot manage. This practical module works through the ISO 31000 process of identify, assess, treat and monitor, using Failure Mode and Effects Analysis, the Structured What If Technique and the risk assessment matrix, then sets out the four standard responses. The Airbus A380 case shows that good mitigation does not prevent every failure; it survives one.40 min
- 07Risk Tolerance, Appetite and the BoardMany boards approve a risk appetite statement that nobody can quote a month later. This module defines appetite, tolerance and capacity precisely, shows what makes a statement specific enough to change a decision, and explains why appetite must vary by category. Drawing on the Wells Fargo case, it sets out how boards monitor appetite between reviews and spot the warning signs of drift early.37 min
Go deeper, and pay only the difference
- You are hereBitesize, 1 hour 15 minutes, £39
- Next stepFocus, Setting the appetite for risk, 4 hours, £69. Already own the Bitesize? You pay £30.
- Explore, Seeing the risk, 4 hours 30 minutes, £129. Already own the Bitesize? You pay £90.
- The whole topicImmerse, Risk worth taking, 9 hours 30 minutes, £249. Already own the Bitesize? You pay £210.
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Prices per person. Read the full terms
Also part of: Setting the course, Taking the director’s chair, A seat at the table
Other Bitesize in the Strategic Risk topic
- Why risk belongs to leadersRisk management basics for leaders45 minutes£39
- Risk as part of the planRisk culture and risk in strategy1 hour 30 minutes£39
- Joining up the risk pictureEnterprise risk management and COSO1 hour 15 minutes£39
- When reputations are on the linePublic sector risk and reputational risk1 hour 15 minutes£39
- What lies over the horizonGlobal and emerging risk case studies1 hour 15 minutes£39
- Odds, upside and downsideProbability and the risk-opportunity matrix1 hour 15 minutes£39
Also Inside
Strategy and the futureSetting the courseFlagship19 hours 30 minutes£499
Strategy and the futureTaking the director’s chairFlagship15 hours£459
Boards and governanceA seat at the tableImmerse10 hours£249
Boards and governanceGoverning the moneyImmerse9 hours 30 minutes£249
Serving the publicLeading from the front benchImmerse10 hours£249