Description
Explains the elements of risk mitigation and responses and formal project management processes. Explains controls to mitigate types of risk. Covers risk monitoring and issue resolution activities in the (RCSA) process, statutory requirements for risk management and characteristics of regulatory examinations, and importance of timely responses to issues and incidents.
What You’ll Learn
After successfully completing the course, you will be able to:
- Describe how enterprise risk management (ERM) and internal control are interrelated processes
- Explain the definition of risk mitigation and identify the steps for developing a risk mitigation plan
- Describe common risk responses and controls used in risk mitigation
- Identify strategies to include in an implementation plan
- Describe leading practices in risk monitoring and issues resolution
