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Risk ManagementAimsTo raise business risk awareness and develop knowledge and understanding in the assessment, monitoring and control of business risks. To enable the learner to develop an appreciation of the implications of business risks.Learning Outcomes1. Understand the risk management function in business1.1 Examine the role of the risk management function in business1.2 Assess the role of business function sin the management of risk2. Understand how business risk is assessed and managed2.1 Analyse the risk assessment process2.2 Evaluate approaches to managing risk2.3 Examine the risk management process3. Understand the effects of business risks and how they can be managed3.1 Analyse the main drivers of business risk3.2 Appraise the impact of different types of risk for a business organisation3.3 Assess which business areas are high risk3.4 Analyse risk management strategies4. Understand approaches to crisis management and business continuity planning4.1 Analyse the vulnerability of businesses to breaks in continuity4.2 Critically evaluate approaches to crisis management and business continuity planning
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