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Risk Analysis and Root Cause Analysis
€ 14,99
This course provides a foundational understanding of identifying and managing risks within businesses and supply chains.
The course highlights the importance of risk analysis as an essential element of due diligence, driven by frameworks like the UN Guiding Principles and OECD Guidelines.
You will explore effective tools such as the “5 WHYs” technique and the Fishbone Diagram to pinpoint root causes of issues such as human rights violations, environmental breaches, or operational inefficiencies.
By learning to ask the right questions and examine supplier relationships comprehensively, you will learn the strategies to mitigate risks, improve compliance, and strengthen business sustainability practices.
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Course Outline
- Duration: 30-35 minutes
- In-depth knowledge of Risk Analysis and Root Cause Analysis
- Why Risk Analysis and Root Cause Analysis is important
- Risk Analysis
- What is Risk Analysis and how Risk Analysis is a part of due diligence process
- UNGP and OECD Guidelines
- Asking the right questions during Risk Analysis
- Sources for risk identification
- Root Cause Analysis
- What is Root Cause Analysis
- Defining the problem / violation
- Finding the root cause using the 5 WHYs technique and Fishbone diagram
- Information about how risks are identified
- Challenges with the Root Cause Analysis and consequences
- 10 Self-Check Assessments
- Certificate upon course completion
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