Risk Management

This course will be useful to learners who are public sector officials involved with the service delivery activities that require the use of public assets to render services to the communities. This course enables the learner to apply the core concepts of risk management and inform policy decision and strategic decision-making processes about the importance of risk management in any sector.

The course is aligned to unit standard 120303 – Apply principles of risk management. It is a NQF level 5 course and carries 8 credits.

Duration: 2 days

Learning Outcomes:

The qualifying learner is capable of:

• Explaining risk management in the public sector.
• Analysing potential risks and the impact thereof on the specific sector.
• Developing and implementing risk management procedures.
• Monitoring and assessing risk management procedures.

Course Outline

1. Risk management elements

1.1 Public sector legislation and policies pertaining to risk management

1.2 The importance of risk management

1.3 The role of risk management in good governance

1.4 Risk management case studies

2. Potential risks and the impact thereof on the specific sector

2.1 Different types of risks

2.2 The various systems for categorising and prioritising risk

2.3 Threats to the risk management within the public sector

3. Developing and implementing risk management procedures.

3.1 Designing risk management procedures in accordance with specific sector legislation and codes of conduct

3.2 Roles, responsibilities and accountabilities aligned to risk management procedures.

3.3 Designing and implementing measures for determining efficacy of risk management procedures

3.4 Reporting procedures for risk management and risk situations

4 Monitoring and assessing risk management procedures

4.1 Measuring the efficacy of risk management procedures

4.2 Identifying problem areas and outlining plans to address these proactively

4.3 Revising procedures according to revised risk management needs

4.4 Documenting all changes and incorporating them into procedures

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