RISK MANAGEMENT COURSE
Course Description
This 20-hour course provides a thorough understanding of risk management principles and practices across various domains. Students will gain the skills needed to identify, assess, and mitigate risks effectively.
Week 1: Introduction to Risk Management
- What is risk management?
- The importance of risk assessment
- Common misconceptions about risk
Week 2: Types of Risk
- Financial risk (market, credit, liquidity)
- Operational risk
- Strategic risk
- Compliance and regulatory risk
Week 3: Risk Identification and Assessment (4 hours)
- Risk identification techniques (SWOT analysis, risk registers)
- Probability and impact assessment
- Risk matrices and heat maps
Week 4: Risk Mitigation Strategies
- Risk avoidance, acceptance, transfer, and reduction
- Developing risk mitigation plans
- Contingency and crisis management
Week 5: Risk Monitoring and Reporting
- Key performance indicators (KPIs)
- Early warning signs and triggers
- Periodic risk assessments
Week 6: Advanced Topics in Risk Management
- Enterprise Risk Management (ERM)
- Cybersecurity risk management
- Environmental, Social, and Governance (ESG) risk
Course Assessment:
- Weekly quizzes
- Mid-term assessment: Risk assessment and mitigation project
Final project: Comprehensive risk management plan for a business or scenario
Course Materials:
- Course textbook: "Risk Management Strategies for Success"
- Access to risk assessment software and tools
- Real-world case studies and industry-specific examples
