Learn to identify hazards, assess risk with confidence, and create practical plans that protect your people and your organisation.
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Managing Risk 1: Foundations of Risk Analysis and Management
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Online
Industry partners:
Level up your skills and qualifications as a digital native
Teaming up with the best in industry, our Future Skills courses lean into the future of work to deliver the best in structured, mentor-supported, 100% online education.
Risk is part of every project, operation and decision, and in high-reliability industries, being able to manage it confidently is essential. This course, designed in partnership with the Safety Academy by Qantas Group and RMIT Aviation Academy, introduces you to the core frameworks and tools that underpin effective risk management.
You’ll learn how to identify hazards, evaluate risks, implement practical controls and communicate your decisions clearly across all levels of an organisation. Drawing on case studies and approaches trusted by Qantas, you’ll develop the skills to make defensible, evidence-based decisions that reduce exposure and build resilience.
By the end, you’ll have a structured risk management plan you can apply in your own workplace and the confidence that it aligns with the standards of one of the world’s most safety-conscious industries.
- Mid to senior career professionals working in high-risk, high-reliability industries, seeking to formalise or broaden their safety and risk management expertise.
- Industry-embedded leaders and team managers responsible for safety across complex operational environments – from aviation and marine to rail, petrochemicals and public safety.
- Professionals looking to transition from defense or public sector roles into corporate safety leadership positions.
- Safety officers, airport managers, dispatchers, pilots and analysts wanting to upskill, stay current with evolving practices, and validate on-the-job experience with formal learning.
By the end of this course, you’ll be able to:
- Critically analyse and evaluate potential hazards and risks using established risk management frameworks
- Apply various tools to identify, assess, evaluate, treat, monitor and communicate risk
- Understand and explain risk management principles and their role in risk decision-making
- Understand the foundational principles of Safety Management Systems (SMS)
- Develop a risk management plan
You’ll learn 100% online over 6 weeks, with access to interactive content, real-world case studies and expert support. Finish with a final project that consolidates your learning into a risk management plan you can apply in your workplace.
You’ll be able to identify hazards, assess risk with confidence, and build a defensible risk management plan. By applying established frameworks and communication strategies, you’ll graduate ready to make clear, evidence-based safety decisions with methods aligned to those taught by the Safety Academy by Qantas Group.
This is Part 1 of Managing Risk. Part 2 is Managing Risk: Advanced Risk Analysis and Safety Systems. These courses are designed to be taken one after the other.
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Course Structure
Learn more about Managing Risk 1: Foundations of Risk Analysis and ManagementModule 1: Understanding Risk
+- Analyse and evaluate potential hazards and risks using established frameworks
- Understand risk management principles and their role in decision-making
- Create a foundational knowledge base for developing a risk management plan
Module 2: Identifying Risk
+- Identify and assess risks using various tools and techniques
- Interpret risk indicators within different business contexts
- Recognise the significance of early risk detection in business strategies
Module 3: Analysing and Evaluating risk
+- Evaluate the level of identified risks in case studies
- Analyse the impact of risks on organisational objectives and processes
- Justify decisions made from risk evaluations to stakeholders
Module 4: Treating Risk
+- Apply different strategies and frameworks to treat identified risks
- Assess the feasibility of risk mitigation options
- Develop a hierarchy of control measures to address risks effectively
Module 5: Communicating Risk
+- Communicate risk management strategies clearly to all organisational levels
- Establish the context for effective risk communication in various settings
- Identify barriers to effective communication and propose solutions
Module 6: Monitoring Risk
+- Design methods to monitor ongoing risks and the effectiveness of treatments
- Evaluate the performance of risk management plans regularly
- Adapt monitoring tools and techniques to fit dynamic risk environments
- Develop risk monitoring plan. Submit final assessment
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RMIT is a global university of technology, design and enterprise.
One of Australia's original tertiary institutions, RMIT University enjoys an international reputation for excellence in professional and vocational education, applied research, and engagement with the needs of industry and the community.
RMIT is...
RMIT is a global university of technology, design and enterprise.
One of Australia's original tertiary institutions, RMIT University enjoys an international reputation for excellence in professional and vocational education, applied research, and engagement with the needs of industry and the community.
RMIT is a world leader in Art and Design; Architecture and the Built Environment; Engineering; Accounting and Finance; and Business and Management Studies.
Through the Safety Academy by Qantas Group, decades of aviation safety excellence combined with expertise from universities are being transformed into practical learning for the next generation of safety professionals. Designed to be inclusive and accessible to anyone with a passion for safety, the Safety Academy provides the opportunity...
Through the Safety Academy by Qantas Group, decades of aviation safety excellence combined with expertise from universities are being transformed into practical learning for the next generation of safety professionals. Designed to be inclusive and accessible to anyone with a passion for safety, the Safety Academy provides the opportunity to gain knowledge and skills that are transferrable across a breadth of industries and roles.

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