course Description :

Risk management helps identify and analyse potential issues that could arise during a project or process. Risk analysis is used to reduce the impact of a negative event, evaluate whether there are more benefits to a project than risks before initiation, plan the company’s response to emergencies or other adverse events and eliminate risks during a process.

Risk analysis is a valuable and practical decision-making tool, as it allows you to identify the potential benefits and risks of each option, evaluate the likelihood of risks occurring and decide whether to move forward.

Once you have identified potential risks, you can determine how to best manage them. Risk analysis can help teams improve the decision-making process. Team members can identify risks that could arise during a project and offer alternatives. This helps design and develop a comprehensive preventative plan.