Risk Management Principles And Practices

Develop an enterprise-wide perspective of risk by applying risk management concepts to four major categories: hazard (insurable), operational, financial, and strategic. This course broadens our understanding of risk management from its traditional focus on accidental losses to include all risks an organization may face.

Learn about global risk management standards such as ISO 31000 and the COSO ERM – Integrated Framework, and discuss various risk identification and analysis techniques in detail. Apply rudimentary analytical tools to assess financial risk in areas of financial leverage, liquidity risk, and capital investment risk.

Risk oversight, monitoring, and assurance are discussed from the perspective of governance and internal control. This course relies heavily on insurance based content consistent with risk assessment and risk management principles.

Upon successful completion of this course, you will be able to:

• Distinguish classifications and understand how each is considered in  the context of Enterprise Risk Management (ERM)
• Understand the basic classifications of hazard risk and the nature and types of insurance that are used to address risk
• Apply an ERM Framework to the consideration and evaluation of risk
• Perform rudimentary financial statement analysis
• Use present value analysis to analyze financial and capital investment risk and to evaluate cost/benefit of risk treatment
• Understand the methods for risk reporting and risk monitoring