Page 201 - SBL Integrated Workbook STUDENT 2018

Chapter 16

Managing, monitoring and mitigating

risk

Outcome

By the end of this session you should be able to:

 explain and assess the role of a risk manager

 evaluate a risk register and use heat maps when identifying or monitoring risk

 describe and evaluate the concept of embedding risk in an organisation’s
culture and values

 explain and analyse the concepts of spreading and diversifying risk and when
this would be appropriate

 explain, and assess the importance of, risk transfer, avoidance, reduction and
acceptance (TARA)

 explain and assess the benefits of incurring or accepting some risk as part of
competitively managing an organisation.

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 16 of your Study Text

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