AW004 Risk and Risk Management

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This course is in the base subscription pack

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Target Audience

Those working in sectors where managing assets is important, e.g. Utilities, Facilities Management, Local Authorities.

It is suitable for those new to AM and experienced practitioners needing to check and/or prove their knowledge.

The module can be accessed on any Smart mobile, tablet, laptop or desktop.

It is created by Asset Wisdom using internationally recognised AM specialists.

The module features:

Professional audio
Animation and interactivity
Formative and summative assessments

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It is one of 14 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

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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

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Estimated Duration

The Online Module contains 40-60 mins learning time.

Continual Professional Development

The module will earn you 1 CPD credit.

AW004 Risk and Risk Management

Target Audience

Learning Outcomes

Promote Equality, Diversity and Inclusion in the Workplace

AW007 Asset Management Policy, Strategy, Demand Analysis and Objectives

Facilitate And Empower Work Teams

Due Diligence For Officers