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Protecht Academy

Risk Metrics for Everyone

This course highlights the pivotal role people play in a comprehensive risk metrics process.

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Course Overview 

Risk metrics support dynamic monitoring of risk, enabling organisations to adapt and respond to changing environments. This requires understanding and collecting business and risk data from the frontlines of the organisation, and aggregating it into meaningful information for decision makers. 

You might be tasked with collecting or reporting on specific risk metrics in your organisation, but this is just a means to an end. When done well, risk metrics can provide insight into how risks are evolving, alert stakeholders when they need to take action, and help inform decisions. This course highlights the pivotal role people play in a comprehensive risk metrics process. 

 

Course description 

In this course, you'll learn: 

1. What are risk metrics and why do we need them?

  • The components of risk
  • Three main types of risk metrics
    -  Key Performance Indicators
    -  Key Risk Indicators
    -  Key Control Indicators
  • Purpose of risk metrics 


2. Roles in a risk metrics process

  • Ownership of specific metrics
  • Ownership of the risk metric process
  • Report recipients 


3. Key steps in a risk metrics process

  • Tools for gathering risk metrics
  • Scaling of risk metrics
  • Frequency of individual metrics
  • Cadence of the risk metrics process
  • Improving the risk metrics process
    -  Characteristics of good risk metrics
    -  Challenging currently chosen metrics
    -  Challenging complacency 

Course expectations 

  • Watch 3 videos
  • Access 1 downloadable materials
  • Answer 5 quiz questions 

 

Timings 

  • 15 minutes of video content  
  • 20 minutes for the whole course 

 

Cost

  • USD $49 payable by credit card on registration

 

Next steps

You can purchase this course on-demand via Protecht Academy by credit card.

Please contact Protecht directly if you would like to discuss packages to implement this training across your organisation. Bulk discounts are available and packages can be invoiced in your local currency.

 

Purchase course online Contact us

 

Our trainer

Michael Howell

Head of Risk Research & Knowledge

Michael Howell is Protecht's Head of Risk Research & Knowledge. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.

Michael is a Certified Practicing Risk Manager whose curiosity drives his approach to challenge the status quo and look for innovative solutions.

 

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