Risk & Control Self-Assessment

In this course, David Tattam, Chief Research and Content Officer at Protecht, covers all aspects of the RCSA process from design and implementation through to carrying out assessments, reporting results and creating follow up actions.

Course Launch: On-Demand

Course Access: 90 days from date of purchase

Time:
6 Hours

About This Course

Course Description

In this course, you'll learn:

1. Objectives & purpose of RCSA

Objectives of RCSA

What is RCSA?

2. What are we assessing – risks

Types of risk

Components of risk

Risk bow ties

Measures of risk

3. What are we assessing – controls

Types of controls

How controls modify risk

Control classifications

4. Risk & control taxonomies

Objectives of taxonomies

Common types of taxonomies

Using taxonomies in RCSA

5. Risk management & RCSA frameworks

How RCSA integrates with other risk processes

Risk and reward framework

RCSA in an enterprise risk management framework

6. Approaches to risk assessment

Tools and techniques for risk assessment

7. RCSA methods

Determining what we will assess

Likelihood and impact scales

Setting likelihood scales: what measure?

Setting impact scales: how many types of impact?

Assessing risks: inherent, residual and targeted

Assessing the effectiveness of controls

8. RCSA process

Identifying business and process objectives

Identifying critical processes

Identifying risks

Identifying controls

Evaluating risks

Treatment methods

Methods for collecting information

Preparing for a risk workshop

Facilitating a risk workshop

9. RCSA reporting

Types of report and information

Information to report

Including RCSA in an aggregated dashboard report

Interpreting reports

10. When should risk assessment be carried out?

Periodic risk assessment

Dynamic risk assessment

Integration with other risk processes

Formal and informal risk assessment

11. Roles and responsibilities

RCSA and the three-lines model

Who owns risk and controls?

Who owns risk and control self assessment?

Course Expectations:

Watch 25 videos

Answer 12 knowledge questions

Complete 1 Interactive Risk Assessment Forecast

Answer 10 quiz questions

Timings:

4.5 hours of video content

Approximately 5-6 hours for the whole course

About Our Experts

David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.

Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.

Continued Risk Learning Credits: 6

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].

Registration

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Non-members $599

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About This Course

Course Description In this course, you'll learn: 1. Objectives & purpose of RCSA Objectives of RCSA What is RCSA? 2. What are we assessing – risks Types of risk Components of risk Risk bow ties Measures of risk 3. What are we assessing – controls Types of controls How controls modify risk Control classifications 4. Risk & control taxonomies Objectives of taxonomies Common types of taxonomies Using taxonomies in RCSA 5. Risk management & RCSA frameworks How RCSA integrates with other risk processes Risk and reward framework RCSA in an enterprise risk management framework 6. Approaches to risk assessment Tools and techniques for risk assessment 7. RCSA methods Determining what we will assess Likelihood and impact scales Setting likelihood scales: what measure? Setting impact scales: how many types of impact? Assessing risks: inherent, residual and targeted Assessing the effectiveness of controls 8. RCSA process Identifying business and process objectives Identifying critical processes Identifying risks Identifying controls Evaluating risks Treatment methods Methods for collecting information Preparing for a risk workshop Facilitating a risk workshop 9. RCSA reporting Types of report and information Information to report Including RCSA in an aggregated dashboard report Interpreting reports 10. When should risk assessment be carried out? Periodic risk assessment Dynamic risk assessment Integration with other risk processes Formal and informal risk assessment 11. Roles and responsibilities RCSA and the three-lines model Who owns risk and controls? Who owns risk and control self assessment? Course Expectations: Watch 25 videos Answer 12 knowledge questions Complete 1 Interactive Risk Assessment Forecast Answer 10 quiz questions Timings: 4.5 hours of video content Approximately 5-6 hours for the whole course

About Our Experts



David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers. Michael Howell is Protecht's Research and Content Lead. He is passionate about the field of risk management and related disciplines, with a focus on helping organisations succeed using a ‘decisions eyes wide open’ approach.