What do a missed deadline, a data breach and a sudden regulatory change have in common? They're all risks — and in most organisations, systematic risk management only becomes a priority after the first one causes real damage. This Foundations of Risk Management Training Course from Arab British Fellowship Training Academy exists so participants don't have to learn that lesson the hard way.

Built as an entry point rather than an advanced deep-dive, the programme walks newcomers through the full risk cycle — spotting risks, working out how serious they are, deciding what to do about them, and keeping the response on track — using internationally recognised references such as ISO 31000 along the way. The goal is not just individual know-how but a shift in how the organisation as a whole thinks about risk, day to day.

• Understand the core concepts of risk management and why they matter to an organisation.
• Identify and classify different types of risk.
• Analyse risk and assess its impact on operations.
• Choose an appropriate response strategy based on the nature of the risk.
• Recognise how risk management integrates with organisational planning.

Target Audience

• Employees in internal audit, risk management and compliance departments.
• Administrative and financial professionals involved in strategic decisions.
• Project managers and supervisors overseeing operational activities.
• Newcomers or anyone looking to specialise in risk management.

Module 1: What Risk Looks Like in Practice

• Types of risk: operational, financial, strategic, legal, reputational and compliance
• The difference between risk management and insurance
• Why organisations invest in risk management, and where frameworks like ISO 31000 fit in

Module 2: Finding and Understanding Risk

• Methods of risk identification: process review, stakeholder interviews, scenario analysis
• Root cause analysis and the factors behind risk events
• Classifying risk by source, controllability and impact

Module 3: Sizing and Ranking Risk

• Qualitative versus quantitative assessment
• Building and using a risk assessment matrix
• Prioritising risk by severity and treatability

Module 4: Deciding and Acting

• Strategic response options: avoidance, reduction, transfer
• Assigning responsibility and building contingency plans
• Immediate versus long-term actions

Module 5: Reporting and Embedding Risk Management

• Structuring an executive risk report and presenting findings
• Embedding risk thinking into daily operations and decision-making
• Using digital systems for ongoing monitoring

Module 6: Keeping the System Alive

• Key Risk Indicators (KRIs) and periodic review
• Updating the risk register as circumstances change
• Leadership's role in sustaining risk management over time