Risk Identification, Assessment, and Indicators

Categories: Chartered
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About Course

This module delves into the practical tools and techniques for identifying and assessing operational risks within organizations. You’ll learn how to proactively uncover risk events and sources through structured approaches, assess risks using both qualitative and quantitative methodologies, and develop and implement Key Risk Indicators (KRIs) and performance metrics. Through real-world examples and hands-on guidance, learners will build strong risk awareness skills and gain the ability to detect and communicate risks before they escalate into major disruptions.

What Will You Learn?

  • Proven techniques for identifying operational risk events and sources, including self-assessments, incident reporting, workshops, mapping, and flowcharting
  • Qualitative and quantitative risk assessment methods, such as risk matrices, heat maps, expected-loss calculations, scenario modeling, and historical data analysis
  • How to design, implement, and monitor Key Risk Indicators (KRIs) and performance metrics to provide early-warning signals of rising risk exposure

Course Content

Identifying Operational Risk Events and Sources

  • Understanding Risk Events
  • Common Techniques for Risk Identification
  • Tools and Approaches for Risk Identification and Assessment
  • Case Study

Risk Assessment Methods (Qualitative and Quantitative)

Key Risk Indicators (KRIs) and Performance Metrics

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