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Risk Management Fundamentals (RMF EN): Online

Aviation Management

Objective

The Risk Management Fundamentals online course is designed to provide participants with a solid foundation in risk management, including key concepts, frameworks, current approaches, and processes.

Course Description

Developed as a collaboration between McGill University’s School of Continuing Studies and the International Civil Aviation Organization (ICAO), this self-paced online course offers business leaders, managers, and other professionals an opportunity to gain a solid understanding of the application of risk management practices in organisations as a foundation for organisational success. Key risk management concepts, processes, standards, and frameworks including Enterprise Risk Management (ERM) and Integrated Risk Management (IRM) are explained and illustrated through examples from aviation and other industries. Explore how implementing a comprehensive risk management program and creating a strong risk culture can benefit your organization.

Learning objectives

Upon completion of the course, you should be able to:

Describe essential risk management terms, the risk management environment, objectives and goals, classifications, basic risk assessment measures, and risk management benefits for organizations, the economy, and society.
Explain the use of specific risk management frameworks and standards, including the ISO 31000:2018 and the COSO Enterprise Risk Management (ERM).
Identify and classify hazard risks and describe resulting loss exposures.
Identify and describe the different types of operational and strategic risks, their potential negative – as well as positive outcomes, and basic measures, including Key Risk Indicators (KRIs) and Key Control Indicators (KCIs).
Compare and contrast traditional risk management, Enterprise Risk Management (ERM), and Integrated Risk Management (IRM) practices and determine the optimal approach relative to an organization's unique objectives.

Structure

Module 0: Course Introduction
Module 1: Module 1 - Foundations of risk management
Module 2: Module 2 – Risk Management Frameworks and Standards
Module 3: Module 3 - Hazard Risk
Module 4: Module 4 - Operational and Strategic Risk
Module 5: Module 5 - Enterprise and Integrated Risk Management
Module 6: Module 6 – Risk Management Framework and Process Model
Module 7: Final Test
Module 8: Key Course Components
Module 9: This course includes a variety of sections to facilitate learning:
Module 10: Focus: Learn from dynamic video presentations led by your instructors for this course, Christopher Cross and Ibrahim Abou-Haidar, risk management practitioners and instructors at McGill University's School of Continuing Studies
Module 11: Point of View & Spotlight in Action: Explore diverse points of view from aviation and other industries through videos of interviews conducted with guest speakers from McGill University, CAE Inc. (formerly Canadian Aviation Electronics), Gildan, Civil Aviation Authority (UK), and more!
Module 12: Preview & Review: Gain a solid understanding of the material presented with guided preview sections to prepare for new material and structured review sections to consolidate your knowledge.
Module 13: Closer Look: Go beyond the presented material with current examples and practices from aviation and other industries.
Module 14: Quick Survey & Share your Opinion: Participate in collective surveys and share information and experiences with other participants in this course.
Module 15: Activities: Complete interactive activities and scenarios to better understand the application of key concepts.
Module 16: Knowledge Checks: Complete interactive questions and get instant feedback to help you retain the content.
Module 17: Final Test: Demonstrate your knowledge of key points and information by completing the final test in order to obtain your certificate.

Target audience

This course will benefit aviation professionals and managers from Civil Aviation Authorities (CAAs), operations officers, safety analysts, heads of safety and performance, airport managers and other professionals interested in developing and implementing Risk Management programs.

Objective

Learning objectives

Structure

Target audience

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