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Introduction to Risk Management

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Introduction to Risk Management
  • Description
  • Outcome
  • Certification
  • The free online course Introduction to Risk Management is designed to expand your knowledge and understanding of managing risk. Risk management has become a central aspect of modern business operations and is used to identify, assess, and prioritize risks within a business. Resources can then be applied to minimize and control the impact those risks will have on business operations. Modern businesses need competent people to manage risks and because of this risk management experts are now in high demand.

    The course begins by emphasizing how ambiguous a term "risk" is. By presenting a wide range of definitions of the term, and a variety of scenarios that pose risk, the course will help you understand risk from a wide variety of perspectives. The course then presents and defines a range of terms commonly used by risk professionals. Next, you will learn about the manner in which risk is managed by risk professionals. By discussing the variety of methods used by professionals to mitigate risk, the course emphasizes how unique a field risk management is. The course also presents a variety of case studies based on real life events that posed significant risk, helping you to equate the theory of risk management with real life scenarios.

    This free course will be of great interest to professionals working in the area of risk management or those who wish to gain an insight into the industry. The course will also be of interest to small business owners who wish to learn more about mitigating the risks that they face on a daily basis.

  • Having completed this course the learner will be able to:
    - Describe how ambiguous a term risk is;
    - Define risk from a wide variety of perspectives;
    - State and define the most commonly used terms by risk professionals;
    - List the various processes that risk professionals engage in to identify and mitigate risk;
    - Determine the type of risk that is evident in a wide range of situations.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Modules List( 3 )
  • INTRODUCTION TO RISK MANAGEMENT
  • Introduction to Risk Management - Module Resources
  • Module 1: The Nature of Risk - Losses and Opportunities
    • The Nature of Risk: Losses and Opportunities
    • The Notion and Definition of Risk
    • Attitudes toward Risks
    • Types of Risks - Risk Exposures Part 1
    • Types of Risks - Risk Exposures Part 2
    • Perils and Hazards
  • Module 2: Evolving Risk Management - Fundamental Tools
    • Introduction
    • The Risk Management Function
    • Beginning Steps: Communication and Identification
    • Projected Frequency and Severity and Cost-Benefit Analysis
    • The Risk Management Matrix
    • Comparisons to Current Risk-Handling Methods
  • END OF COURSE ASSESSMENT
  • Module 3: Introduction to Risk Management Assessment
    • Introduction to Risk Management Assessment
Topics List ( 1 )
Module 3: Introduction to Risk Management Assessment
You must score 80% or more to pass this assessment.
Course Features
  • Duration

    2-3 Hours

  • Publisher

    Saylor Foundation

  • Video

    No

  • Audio

    No

  • Assessment

    Yes

  • Certification

    Yes

  • Price

    Free

  • Reward

    50 Pts

  • Responsive

    No

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