Risk is the process of measuring or assessing risk and then developing strategies to manage the risk. It is a discipline of dealing with uncertainty and enables people and organisations to cope with uncertainty by taking steps to protect vital assets and resources. Due to the global nature and systemic impact on a company’s financial performance the supply chain arguably faces more risk than other areas of a business. Where logistics is the core function of a company’s business an understanding of how to mitigate and manage risk is very important to create resilience across the supply chain.
The workshop is very practical oriented and will focus on the various risks categories, steps in the risk management process, risk assessment tools, mapping techniques and contingency planning. Learners will be exposed to small group activities where they have to identify possible scenarios that could constitute a risk and apply a quality planning process to ensure that tailored outcomes are achieved. A simulation exercise will be used to design a contingency plan which will be tested and findings on recommendations documented.
- Demonstrate an understanding of potential risks within an organisational context
- Identify potential risks and assess the impact thereof
- Develop contingency plans, communicate to relevant stakeholders, distribute and store in accordance with risk management procedures
- Test, revise and recommend improvements to a contingency plan
Supervisors and managers
Learning Delivery Method
Stand-alone classroom-based accredited course
Unit Standard Alignment
SAQA ID: 252025 NQF Level: 5 Credits: 8
US Title: Monitor, assess and manage risk