Risk Management

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Course Description

Risk Management is a critical discipline that empowers individuals and organisations to anticipate, assess, and address potential threats to objectives, resources, and reputation. This course explores strategic, operational, financial, environmental, and reputational risks across industries and cultures, preparing learners to make informed, ethical, and sustainable decisions in complex environments. Learners will engage with global frameworks, professional standards, and contemporary practices used by leading organisations to identify, evaluate, and respond to risks.

The course blends theory with applied case studies, encouraging reflection on how cultural, regulatory, and technological factors shape risk management practices. Students will develop an understanding of risk governance, enterprise risk management (ERM), crisis response, compliance, and resilience strategies in both corporate and public sector contexts. The unit supports global employability through practical skill-building and alignment with international professional standards.

List of Chapters

1. Introduction to Risk Management
2. Risk Identification and Analysis
3. Risk Evaluation and Prioritisation
4. Risk Response and Mitigation Strategies
5. Enterprise Risk Management (ERM) Frameworks
6. Crisis Management and Business Continuity
7. Risk Governance, Ethics, and Compliance
8. Global Risk Trends and Emerging Issues

4. Course Learning Outcomes

• Critically evaluate risk management principles and apply them within global organisational contexts.
• Design and implement risk management plans using recognised international standards and tools.
• Demonstrate advanced analytical and decision-making skills in assessing complex risk scenarios.
• Integrate ethical, social, and sustainability perspectives in managing risk responsibly.
• Effectively communicate and justify risk management recommendations to diverse audiences.
• Adapt risk strategies to changing global, economic, and technological environments.