Advanced Risk Management Strategies for Senior Risk Managers

1.  Explain where the idea of risk management came from and some of its most essential concepts

1. Explain risk management-related terminology.
2. Analyse possible impacts of different types of risk on organisations
3. Distinguish between different types of risk

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2.  Understand the risk management standards and be able to compare and contrast them

1. Describe and apply basic principles of risk management in a real-life context
2. Explain the components and tools for risk management in COSO 2004 and ISO31000
3. Compare and contrast the COSO and ISO frameworks for risk management
4. Apply and implement the  Enterprise Risk Management  frameworks in a real-life context

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3.  Describe in broad and conceptualise the core ideas behind enterprise risk management

1. Assess and identify types of risk and factors involved in each risk
2. Examine possible root causes and sources of risk in organisations
3. Determine possible consequences of risk if it is not mitigated in time

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4.  Describe the primary methods used to identify risks, conduct risk assessments, and evaluate risks and control approaches

1. Illustrate the understanding and capability to apply risk analysis and relevant theories
2. Design and create a sustainable development plan by allowing some risk appetite
3. Apply risk treatment and response approaches to solve crises and manage risk

• The assessment strategy for this course is designed to test all the learning outcomes.
• Learners must demonstrate successful achievement of all learning outcomes to pass the course.

• The assessment criteria for a pass will be presented with the summative exercise.
• Further information and guidance on the assessment will be made available through the tutor.

To pass the unit a 40% overall grade must be achieved.