Paper 0413 551 10A

ORGANIZATIONAL RISKS AND OPPORTUNITIES

This unit covers the competencies required by a quality management Practitioner to manage organizational risks and opportunities. The competencies include establishing a risk management framework, assessing organizational risks and opportunities, performing organizational risks treatment, and Monitoring, reviewing, and reporting organizational risks and opportunities.

On completion, a candidate should be able to

Establish a risk management framework
Assess organizational risks and opportunities
Perform organizational risks treatment
Monitor and review organizational risks and opportunities

Content

1
Establish a risk management framework
Establish a risk management framework
1. 1.1
  Fundamental definitions of risk
2. 1.2
  Risk classification
3. 1.3
  Aims of risk management
4. 1.4
  Risk management Statements
5. 1.5
  Risk management policies and objectives
6. 1.6
  Risk Strategies
7. 1.7
  Risk management processes and models
8. 1.8
  Risk management criteria
9. 1.9
  Roles, responsibilities, and resources for risk management are determined
10. 1.10
  Risk management communication and consultations channels
11. 1.11
  Risk management implementation guidelines
2
Assess organizational risks and opportunities
Assess organizational risks and opportunities
1. 2.1
  Tools for quantifying risk
2. 2.2
  Scenario analysis
3. 2.3
  Forces shaping the risk environment
4. 2.4
  Evolution of risk exposures
5. 2.5
  Risk management framework
6. 2.6
  Organizational risks
7. 2.7
  Analysis of organizational risks
8. 2.8
  Risk reporting, data aggregation, and data quality
9. 2.9
  Acceptance criteria for risk evaluation
3
Perform organizational risks treatment
Perform organizational risks treatment
1. 3.1
  Tools and techniques for spotting/analyzing risks
2. 3.2
  Quantifying risks and opportunities
3. 3.3
  Risk treatment options
4. 3.4
  Risk treatment plans
5. 3.5
  Evaluation of risk treatment effectiveness
4
Monitor and review organizational risks and opportunities
Monitor and review organizational risks and opportunities
1. 4.1
  Risk governance framework
2. 4.2
  Risk type frameworks
3. 4.3
  Risk integration
4. 4.4
  Risk monitoring and review plans
5. 4.5
  Organizational risk
6. 4.6
  Risk monitoring and review reports
7. 4.7
  Effectiveness review and quality implemen- tation