AW004 Risk and Risk Management
The module provides you with an understanding of risk and demonstrates how risk management is an essential factor in AM.
It also gives an introduction to Resilience Analysis, Contingency Planning and the Management of Change.
The module can be accessed on any Smart phone, tablet, laptop or desktop.
It is created by Asset Wisdom using internationally recognized AM specialists.
The module features:
- Professional audio
- Animation and interactivity
- Formative and summative assessments
It is one of 13 modules in the Asset Wisdom Certificate Course that's mapped to the IAM Certificate exam. They cover the GFMAM's and IAM's 39 subjects that describe the scope of AM.
Learning outcomes
This module will provide an understanding of:
- What risk is
- The risks at different stages in the asset life cycle
- The key elements in Risk Management
- The key stages of Risk Analysis
- How to use a Risk Matrix
- Asset criticality and how it is aligned with risk
- The options for controlling risk
- Resilience Analysis and Contingency Planning
Target Audience
Those working in sectors where managing assets is important, e.g. Utilities, Facilities Management, Local Authorities.
Those new to AM, those preparing for the IAM Certificate exam and experienced practitioners wishing to check their knowledge.
Course content
To understand Risk within AM we need to:
- Understand the importance of Risk Management in the organisation
- Know the relationship between assets and asset-related risks
- Understand Contingency Planning and Management of Change within the management of risk
- Gain an understanding of risk, the process of Risk Management and the steps involved in a Risk Assessment
- Understand the importance of a Risk Matrix and how criticality is closely aligned with risk
Estimated Duration
20 mins in one session (or in small parts if preferred)
GBP 45.00 per subscription VAT GBP 9.00