Welcome to Apply Risk Management Processes Course. This course has been designed to provide you with the knowledge and skills required to apply risk management processes in the mining, drilling and civil infrastructure industry.
It applies to individuals who contribute to applying risk management processes as part of their responsibilities. This could be an employer, line manager, supervisor, safety representative or employee. This unit applies to those who carry out or assist in carrying out risk assessment in the workplace.
About this course
Training Provider: OHS.com.au with AlertForce (RTO Code 91826)
Location: Online
Course length: Approx. 4 hours (awareness version)
Time: Self-paced
Certification / Accreditation: Certificate of Completion* or Statement of Attainment depending on what is purchased
CPD Points: Yes. 4 points as certificate of completion or 5 points as Statement of Attainment.
Background - What is a risk management process?
Risk management in business is the process of identifying and monitoring potential risks to reduce their negative impact on the organization. Security breaches, data loss and cyberattacks are just a few examples of possible risks. A good risk management process will identify the most serious risks to your organization and give you guidelines on how to handle them.
The three components of risk management are risk assessment and analysis, risk treatment and risk evaluation.
1. Risk Assessment & Analysis
The risk assessment and analysis stage is the first step in the risk management process. The risk assessment assesses the organization's vulnerability to unpredicted events that could affect its day- today operations. It also estimates the potential damage these events could cause for revenue and reputation.
Analyzing and effectively assessing a company's risk can help protect assets, improve decision- making, optimize operational efficiency, and save time and money.
2. Risk Evaluation
A risk evaluation should be performed after the analysis and risk assessment are complete. The risk evaluation compares the estimated risks to established risk criteria. These risk criteria may include costs and benefits, socioeconomic factors, legal requirements, system malfunctions, and other relevant factors.
3. Risk Treatment & Response
Risk treatment and response is the last step in risk management. Risk treatment refers to the application of policies and procedures that help minimize or avoid risks. Risk financing and risk transfer are also covered by risk treatment.
Important to remember that risk management is an ongoing effort and doesn't end when risks are identified and managed. Every year, it is important to review an organization's risk management policies in order to make sure they are current and relevant.
Aims and Objectives of this course
This course Apply risk management processes (based on RIIRIS301E) will help you earn the skills necessary to access, interpret and apply compliance documentation relevant to the application of risk management processes and inspect and analyse work area conditions regularly and systematically to identify risks and potential hazards
Our Apply risk management processes course is based on the unit of competency of RIIRIS301E. Whilst this course is not nationally recognized, it follows the learning outcomes and elements associated with that unit. The course contains
- Narrated e-learning learning resources online
- Online Assessment tasks
- Ability to download your Certificate of Completion once assessment tasks are completed
What will you learn by completing the training course?
This course will include an understanding of awareness of the relevant legislation and your responsibilities in applying risk management processes.
Learning outcomes include:
- Access, interpret and apply existing procedures and any other documented measuresto control identified hazards
- Identify risks and hazards not addressed by workplace policies, procedures, processes and systems
- Communicate potential hazards to relevant duty holders in accordance with workplace policies and procedures
- Consider and determine the likelihood of an incident in accordance with workplace risk management processes
- Evaluate and determine the consequences of the incident
- Consider and determine the risk level associated with the incident
- Identify or source the criteria for determining the acceptability or unacceptability of the risk
- Evaluate the risk and identify ‘unacceptable risk’ status
- Identify a range of risk controls which may eliminate or minimise the hazards
- Conduct analysis of feasible risk controls, including the identification of resource requirements
- Select the most appropriate risk controls for dealing with the hazard using the Hierarchy of Control
- Document risk management plan for selected risk controls, including resource requirements
- Obtain authorisation and required resources from relevant individuals and/or parties for selected risk controls
- Document, verify and review risk controls for the activity
- Apply workplace procedures and any other applicable measures to control recognised hazards and associated risks
- Communicate information on the controls and their implementation in accordance with workplace policies and procedures
- Monitor and review risk management documentation
- Seek authority and approval, in writing, to amend risk management documentation
- Seek authority and approval to action amendments to risk management documentation How Is the Training Delivered?
Apply risk management processes course is available online and completed in your own time. This Apply risk management processes training course is based on the learning outcomes outlined above.
The course is typically designed to be completed in a minimum of four hours. However, the exact length of the course may depend on your ability and prior knowledge around the subject.
As the training is delivered online, you are able to complete it at your own pace.
What Accreditation Will You Get?
After completing the Apply risk management processes course, an assessment is conducted to determine if you have understood the information presented during the training course. If you pass this assessment, you receive a Certificate of Completion.
IMPORTANT NOTE whilst this course is based on the learning outcomes of the course provided, it is important to note that it is not a Nationally Recognised Statement of Attainment unless you opt for that option. Nationally Recognised training is only really required If you specifically require that unit of competency for a qualification or licence (typically this will require a practical component, further assessment and increased costs).
This course has been designed to comply with the best practices of national health and safety standards. Terminology has been chosen for clarity and ease of comprehension across jurisdictions. For example, ‘employer’ has been used to signify the broader term ‘PCBU’, while ‘WHS’ represents both work and occupational health and safety.
This training is not a substitute for professional legal advice. If you require further advice or information, please contact the health and safety regulator in your jurisdiction.
A Certificate of Completion is issued on successful completion of the course and you are required to get an 80% pass mark to be deemed as understanding the content. It is recommended that training is conducted every 2 years to stay refreshed.
Is the course tax deductible?
Whilst you should get advice from your financial advisor to confirm, generally speaking further training and education related to advancing your career is 100% tax deductible.
Approx. run time: 4 hours
