Business and Management
£2360 (£1600 during the tuition waiver period)
The "Risk Management" module offers a comprehensive exploration of a critical process that holds immense significance for organisations in identifying, assessing, and effectively managing potential risks that could adversely affect their operations, financial stability, and reputation. Sound risk management practices form the bedrock of an organisation's long-term success, equipping businesses with the ability to make informed decisions, anticipate challenges, and proactively mitigate risks. Throughout this module, participants will delve into the fundamentals of risk management and its practical implementation within diverse organisational contexts. An in-depth examination of various risk types, encompassing financial, operational, and reputational risks, will be undertaken, emphasizing the utilization of multiple methods and tools to identify and manage risks proactively. Additionally, the module will explore the integral role of risk management in corporate governance and compliance, addressing the legal and ethical implications of ineffective risk management. By the conclusion of this module, learners will possess a comprehensive understanding of risk management strategies, empowering them to navigate complexities with confidence, ensuring the resilience and prosperity of their organisations in an ever-evolving business landscape.
Introduction to the module
Introduction to Risk Management
Risk Management Standards
Enterprise Risk Management (ERM) Core Ideas
Risk Assessment and Evaluation
Risk Control Techniques
Risk Response and Mitigation Strategies
Business Continuity Planning (BCP)
Risk Management and organisational Culture
1. Explain where the idea of risk management came from and some of its most essential concepts
2. Understand the risk management standards and be able to compare and contrast them
3. Describe in broad and conceptualise the core ideas behind enterprise risk management
4. Describe the primary methods used to identify risks, conduct risk assessments, and evaluate risks and control approaches
Citizens of the following countries are eligible for a 50% scholarship upon writing a personal statement. All scholarships are to be approved by the Academic Board. The list of countries are: Sri Lanka, Indonesia, Philippines, Bhutan, Morocco, Vietnam, Papua New Guinea, Laos, Cambodia, India, Nigeria, Ghana, Bangladesh, Laos, Myanmar, Pakistan, Nepal and South Africa. Please talk to your student counselor and ask for the Coupon Code to get the 50% Tuition Waiver.
To pass the unit a 40% overall grade must be achieved.