Introduction to Risk Essentials

Learn the concepts of Governance, Risk and Compliance (GRC)

Introduction to Risk Essentials

About Risk Essentials Course

This one-day course is suitable for participants who either have limited risk management experience and are seeking a conceptual grounding in the key components of good risk management practice.

Course summary

Make strategic and operational risk management part of your organisational culture, so you can identify, track and manage risks with confidence.

What you will learn

Course duration

1.5 Hours

Meet the instructor

Brad Smith

Principal Consultant

Having worked with more than 200 public and private organisations across a wide range of sectors, during his 18-year tenure at Camms, Brad has developed in-depth knowledge in key areas including governance/risk/compliance, integrated planning and performance and business process improvement among other specialised areas.

Our team of experts are
ready to assist you!

Use your Camms.College hours to book a Virtual Consultant or email us at

Course curriculum

  • How to use this course
  • Before we begin…

Learn about the common risk management objectives in an organisation, the different risk events faced by companies, and how to manage risks.

  • Risk Management Objectives
  • Organisations and Risk Events
  • Managing Risk

Discover what a risk management standard is, and how organisations align themselves with it.

  • Risk Management Standards

In this lesson you’ll learn about Enterprise Risk Management (ERM), and exactly does Governanace, Risk and Compliance mean.

  • Enterprise Risk Management (ERM)
  • Governance, Risk and Compliance (GRC)

This lesson will talk all about organisational Risk Context, how to identify risks that are essential for your business, creating a risk breakdown structure and what is Risk Governanace.

  • Risk Context
  • Risk Identification
  • Risk Breakdown Structure
  • Risk Governance

Discover what Risk Documentation is, and how risk should be approached, implemented, tracked and reported on within an organisation.

  • Risk Documentation
  • Risk Registers
  • Risk Register Quality

This lesson will delve into risk registers, their quality and consistency as well as identification and assessment of risks.

  • Risk Registers
  • Risk Register Quality

Discover how to define risk, what is a risk impact matrix, categories of risk impact, causes, consequences and likelihood of risk, as well as the difference between Inherent and Residual risks.

  • Definition of Risk
  • Defining Risk
  • Risk Impact Matrix
  • Categories of Risk Impact
  • Risk Causes and Consequences
  • Risk Consequence
  • Risk Likelihood
  • Risk Assessment – Inherent vs Residual

This lesson will cover, what are Risk Controls, Risk Treatment Actions, Risk appetite, tolerance and attitude, target levels of risk, and strategic vs operational risks.

  • Risk Controls
  • Risk Treatments
  • Risk Treatment Actions
  • Risk Appetite, Risk Tolerance, Risk Attitude
  • Target Level of Risk
  • Strategic vs Operational Risks

This lesson will highlight examples of the types of graphical risk reporting, typically embedded in risk software.

  • Tracking and Reporting on Risks

Get an understanding of organisational risk maturity and how to progress your journey from an initial to embedded to mature stage.

  • Organisational Risk Maturity

This lesson will cover what good risk management software should include and how to improve the efficiency of risk management within organisations though the alignment to this software.

  • Risk Management Software – What Do Client’s Want?

Share your thoughts on this course, if it provided a comprehensive understanding of the subject and any improvements to the course.

  • Risk Management Software – What Do Client’s Want?

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