Details
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.
CERTIFICATIONTo qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to your Diploma certificate will then appear under the My Certificates heading of your My Account page.
LEARNING OUTCOMESHaving 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.
Outline
Module 1: The Nature of Risk - Losses and Opportunities
Module 2: Evolving Risk Management - Fundamental Tools
Module 3: Introduction to Risk Management Assessment
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