RPS501-15
Introduction to Risk Management
This module provides you with an introduction to the theory of risk and begins to identify how the theory is applied in a practical context. It outlines the risk management policy and framework, which form the foundations of the risk management process. It provides you with an in-depth breakdown of the five phases of the risk management process, including: communicate and consult, establish the context, risk assessment, treat risks, monitor and review.
What you'll learn
- Identify and describe the risk management process
- Identify and assess risk controls
- Communicate with relevant stakeholders at each stage of the risk management process
- Develop risk evaluation criteria
- Assess current risk exposures
- Compare risk exposures with organisational guidelines and external obligations
- Analyse risk exposures using measurement criteria
- Identify the scope sectors and responsibilities of the risk management sector
- Identify and apply industry guidelines, procedures and legislation
- Manage information and plan work within organisational requirements
Competencies
BSBRSK501 Manage risk
FNSRSK501 Undertake risk identification
FNSRSK502 Assess risks
Online Assignment
- Pass Grade: students must be assessed as competent in all assignment questions
Online Exam
- Pass Grade: 50%
- Duration: 90min