This module is no longer being offered to new students. Continuing students who are part way through can enrol by contacting Customer Service at [email protected] or phone 03 9613 7200.
Skills Unit
RM503-15

Operational Management of Risk

This module develops the knowledge and skills required to identify the interrelationship of operational areas within an organisation. Students will learn how to establish risk management processes across operational areas, identify risk exposures and develop a risk register. This module will also teach students how to develop, implement and monitor treatment plans.

20 CIP Points
Operational Management of Risk
AUD $845
Risk Management
12 weeks
Enrol Now

What you'll learn

  • Explain the concept of operational management, how organisations structure their operational areas, the significance of structural interdependence between those areas, and their organisational control through strategic and operational goals and planning
  • Describe past and present approaches to operational risk management
  • Identify and take steps to establish the context of operational risks
  • Identify operational risk exposures, write clearly expressed risk statements for the risks identified, and devise and apply a risk identification matrix and other risk identification techniques in operational settings
  • Describe and apply tools, techniques and strategies for analysing and treating operational risks
  • Explain how cost–benefit analysis techniques can be used in evaluating levels of risk in operational contexts and apply these to evaluating high and low risks and low losses
  • Identify a process for implementing and monitoring risk treatment actions and activities and integrate that process into operational environments
  • Describe and apply a systematic process for effectively integrating the management of risk into operational systems, culture and management

Competencies

BSBRSK401 Identify risk and apply risk management processes

FNSRSK401 Implement risk management strategies

Online Assignment

  • Pass Grade: students must be assessed as competent in all assignment questions

Online Exam

  • Pass Grade: 50%
  • Duration: 90min
20 CIP Points
Operational Management of Risk
AUD $845
Risk Management
12 weeks
Enrol Now