Lesson 1.3 — Why Risk Management Matters

Course Content
Module 1: Understanding Supply Chain Risk
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Lesson 1.1 — Types of Risks
Lesson 1.2 — Risk in Nigerian Context
Lesson 1.3 — Why Risk Management Matters
Module 2: Risk Assessment Tools
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Lesson 2.1 — Risk Identification
Lesson 2.2 — Probability & Impact Scoring
Lesson 2.3 — Risk Matrix Development
Activity: Build a simple risk matrix
Module 3: Supplier Risk Management
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Lesson 3.1 — Supplier Risk Indicators
Lesson 3.2 — Supplier Financial & Performance Risk
Lesson 3.3 — Audits & Monitoring
Module 4: Mitigation & Contingency Planning
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Lesson 4.1 — Mitigation Strategies
Lesson 4.2 — Business Continuity Planning
Lesson 4.3 — Response Strategies
Module 5: Technology in Risk Management
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Lesson 5.1 — Risk Monitoring Tools
Lesson 5.2 — Visibility Software
Lesson 5.3 — Predictive Analytics Basics
RISK MANAGEMENT IN PROCUREMENT & SUPPLY CHAIN
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