Risk Analysis
About Risk Analysis
Risk
analysis is the process of assessing the likelihood of an adverse event
occurring within the corporate, government, or environmental sector.
Risk analysis is the study of the underlying uncertainty of a given
course of action and refers to the uncertainty of forecasted cash flow
streams, the variance of portfolio or stock returns, the probability of a
project's success or failure, and possible future economic states.
Why is Risk Analysis important?
Benefits of a risk assessment are
•
Identify security vulnerabilities — A risk assessment will evaluate an
organization’s system by considering external as well as internal
threats.
• Determine new security requirements
• Justify
spending — The details of a risk assessment can help an organization to
understand the financial risks of potential security exploitations.
•
Make smart purchases — The information a risk assessment provides can
help an organization budget for security appropriately.
• Improve
planning — An organization must understand its current security risks
in order to plan the architecture of its network for the future.
•
Document due diligence — A risk assessment and resulting remediation
can also validate an organization’s efforts to enforce proper security
measures.
• Educated employees — A risk assessment has the added
value of increasing employee awareness of security measures and risks.
•
Increased motivation — The fact that a risk assessment is underway at
an organization demonstrates to its employees that security is a
significant concern; the company acts like it is and, so, employees must
follow suit.
• Improved communication and decision-making
• Boost productivity
Who should take the Risk Analysis Exam?
• Risk management professionals
• Compliance professionals
• Risk Advisors and consulting firms
• Auditors
• Internal controls professionals
• CFA / FRM / CA / ACCA / CAMS or Finance students
• Business owners
• Entrepreneurs
• Innovators
• Anyone who wants to assess their risk compliance or management skills
• Risk compliance or management consultants
• Professionals working in outsourced companies responsible for risk compliance or management
• Anyone interested in risk compliance or management
• Students
Risk Analysis Certification Course Outline
1. Introduction to Risk Management
2. Process of Risk Management
3. Risk Options
4. Create a Risk Management Plan
5. Enterprise Risk Management
6. Risk Assessment Planning
7. Developing Risk Framework
8. Risk Assessment report