How to Manage Risk - BCS Foundation Award

Are you interested in learning more about risk management in your role to help choose a direction?

Risk is a feature of any business; it influences the decisions an organisation makes and the way in which it operates. Some organisations are more risk averse whereas others have a greater appetitite for risk depending on what they wish to achieve in the market and the level of insight they have that enable them to take risks.

Different functions of an organisation manage different types of risk including finance, health & safety and data in an IT department.

This award is designed for anyone wishing to gain an understanding of the principles of risk and how to manage it within an organisation. This includes understanding what risk is, identifying different types of risk, and how risk can be measured and assessed. It will consider the principles of risk management and how a clear reporting process can enable clear decisions to be made based on the information provided.

After completion of this course, you will be demonstrate an understanding of an understanding of the definition of risk, an understanding of risk analysis, an understanding of how to measure and document risk and an understanding of how to report risk.

Why Choose Duco Digital Training?

With self-study, you get a whole package of support we call PASS ASSIST, including:
Free one year BCS Associate membership (normally costing £90)
Free BCS Data Analyst eBook
Practice exam papers
Series of support videos to get the most out of your course, making a learning plan and how to prepare for the exam
5-star rating
95% pass rate.

A live training option is available, please contact us.

BCS Foundation Award in Risk Management

Digital certificate - Included

The “How to Manage Risk - BCS Foundation Award” is a professional certification that is a globally recognized professional qualification that will help develop your knowledge and understanding of:

1. Defining what risk is:

• Define risk.
• Define risk management.
• Recognise the principles of the ISO31000 Risk Management Framework.
• Identify the roles in risk management.

2. Analysing the risk:

• Illustrate an understanding of an organisation’s attitude to risk.
• Indicate the risk associated with implementing a digital technology based on assessment

3. Accurately measuring and documenting risk

• State risk assessment techniques for qualitative data.
• State risk assessment techniques for quantitative data.
• Describe how to document risk within a risk register

4. Reporting on risk:

• Explain the need to report risk at a team level.
  
  • Operational risk
  • Individual / Personal risk
• Explain the need to report risk at a Project level.
• Explain the need to report risk at a Board level.
  
  • Strategic risk
• Recognise Stakeholder risk.

Exam Information of “BCS Foundation Data Protection” Course:

• It is a 14 multiple choice questions & 3 multiple-choice questions
• Pass mark is 23/20 points or 65%
• Duration of the exam is 30 minutes
• The exam will be supervised virtually

Who is BCS?

Recognised globally by corporations, academics and IT professionals, BCS is the British Computer Society, more commonly known as the Chartered Institute for IT.

They have over 60,000 members in 150 countries, and a wider community of business leaders, educators, practitioners and policy-makers all committed to their mission of leading the IT industry through its ethical challenges, to support the people who work in the industry, and to make IT good for society.

What our students say about us:

"The training provided will assist me to conduct AI research projects in a more professional and systematic way. The knowledge provided will be incredibly valuable for my future study in the field of computer vision." — Muhammad Lecturer and AI PhD Candidate

“Good training materials for remote learning, and the most impressive part was the speed at which they responded to questions.” — Tom Data Protection Practitioner

"This proved to be a very valuable course to me." — Janet Business Analyst

Meet Our Instructor

Darren Winter is Director at Duco Digital and supports organisations with cutting-edge business intelligence, sales, and marketing automation solutions alongside courses and training in artificial intelligence, business analysis, and data protection across diverse sectors spanning the UK, Europe, the Middle East, and SE Asia.

Noteworthy achievements include training academics in AI for the Indonesian government and teaching students in Technology Sales for the Saudi Arabian government. In 2023, the UK Department of Business and Trade invited him as a leaders of AI for a trade mission to Indonesia where he discussed Indonesian AI and ethical policy with key stakeholders.

He is also studying for his PhD in AI Ethics at Cordoba University, Spain, where he is exploring the impacts of the EU AI Act upon organisations.

For whom is the “How to Manage Risk - BCS Foundation Award” course designed?

Whether you're new to risk management or a professional seeking to enhance your understanding of risk principles, the “How to Manage Risk - BCS Foundation Award” course is designed to support your learning goals. It's intended for:

• Aspiring Risk Management Professionals: Individuals eager to enter the field of risk management, ready to build a strong foundation in risk identification, assessment, and mitigation strategies.
• Risk-Aware Students: University scholars aiming to enhance their theoretical understanding with practical, industry-relevant skills in risk management, preparing for a successful career.
• Career Changers: Professionals considering a shift into risk management roles from various backgrounds, seeking the essential knowledge required to manage risks effectively.
• Business Continuity Enthusiasts: Practitioners dedicated to improving organizational resilience and security by gaining a robust foundation in risk management principles and practices.
• Emerging Leaders and Managers: Entry-level managers and team leaders looking to expand their risk management expertise, enabling them to support risk initiatives and protect organizational assets effectively.

• An internet connection with a mobile/tablet or laptop is required to access the course
• Access to a laptop with camera is required for the exam, and a pair of headphones is recommended for the exam.

77% of companies suffered operational surprises in the past 5 years due to unidentified risks.

This means that a large number of businesses are not effectively managing their risks, which can lead to significant financial losses and other problems.

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