Risk Management Fundamentals

Risk Management Fundamentals
at
McGill
Overview

Fundamentals Course. Equip yourself with essential skills for identifying, assessing, and mitigating risks in diverse organizational settings

Skills you will learn

Who should do this course?

This course will benefit aviation professionals and managers from Civil Aviation Authorities (CAAs), operations officers, safety analysts, heads of safety and performance, airport managers and other professionals who are interested in the development and implementation of Risk Management programs

What are the course deliverables?

Describe essential risk management terms, the risk management environment, objectives and goals, classifications, basic risk assessment measures, and risk management benefits for organizations, the economy, and society
Explain the use of specific risk management frameworks and standards, including the ISO 31000:2018 and the COSO Enterprise Risk Management (ERM)
Identify and classify hazard risks and describe resulting loss exposures
Identify and describe the different types of operational and strategic risks, their potential negative - as well as positive outcomes, and basic measures, including Key Risk Indicators (KRIs) and Key Control Indicators (KCIs)

More about this course

Developed as a collaboration between McGill University’s School of Continuing Studies and ICAO, this self-paced course offers business leaders, managers, and other professionals an opportunity to gain a solid understanding of the application of risk management practices in organizations as a foundation for organizational success
Key risk management concepts, processes, standards, and frameworks including Enterprise Risk Management (ERM) and Integrated Risk Management (IRM) are explained and illustrated through examples from aviation and other industries. Explore how implementing a comprehensive risk management program and creating a strong risk culture can benefit your entire organization