ODL92 Risk Management Diploma

Risk Management Diploma

This Quality Assured Level 3 Diploma in Risk Management can prepare the student for taking up a new risk management role.

Course Description

Risk Management Diploma

It is also ideal for those who would like to develop and hone their skills within an existing risk management role.

The course examines changes in risk management practice against the context of the changes in UK, EU, US and global economy, and will be of particular interest to those needing to practice risk management skills on a day-to-day basis.

It provides detailed learning on a range of relevant risk management topics, combining theoretical background with the practical tools, risk management techniques and risk communication formats needed for everyday risk managers. Materials can be studied online or students have the option to print the documents once, there is also the option to have the materials delivered for an additional charge.

The course consists of ten modules and an online examination at the end of the course.

Course Content

Module One - What is Risk Management?

This module will introduce the student to modern concepts of risk management (RM) skills, and how these can change and develop within a business management context. It examines the way RM evolves, and the risk manager's role in this process. The module concludes a range of guidelines in practical risk issues, looking at effective RM.

Module Two - The individual as a Risk Manager

This module focuses on some essential core skills for a risk manager, with tips and techniques for successful risk management risk goal-setting, risk problem-solving, effective risk resolution meetings, risk interviewing and giving or receiving risk related feedback. Relevant tools are explored, including risk landscape analysis.

Module Three - Risk Structure and Environment

This module includes an assessment of different features and types of risk organisation structure and the various environments within which risk organisations operate. This module assesses recent trends and the move towards the use of risk integration, and also looks at how to analyse their effects to anticipate a risk organisation future evolution.

Module Four - Managing Risk Processes

This module considers the internal features of a risk organisation, including planning and strategy, risk costs and budgets and the benefits of understanding the risk processes of a business. Practical advice is provided on facilitation of workshops, in the context of risk process improvement.

Module Five - Managing Risk Projects

The module asks 'What is a risk project', providing a step-by-step breakdown of the key phases for managing risk projects successfully. It provides advice on financing risk projects, and on quality risk assessment. The module provides guidance on risk project team roles and effective brainstorming for problem-solving.

Module Six- Managing Risk Diversity

This module embraces the increasingly diverse UK, EU, US and global risk mandates and the business case for managing by diversity-unification principles. Key risk issues and legislation issues will be examined, including common challenges and potential conflicts, diverse risk themes of international regulatory styles etc.

Module Seven - Risk and Change

Risk and change may be regarded as a 'chicken and egg principle'  which comes first? Accordingly this module includes a review of risk-caused/affecting organisational changes, managing the risk-change process, dealing with individual resistance and cultural issues, the use of coaching, mentoring and facilitation development.

Module Eight - Quality and Risk

If you cannot size it, you cannot measure it, and if you cannot measure it, you cannot improve it this is a quality and risk axiom. The use of risk goals, related risk performance indicators, service level agreements and benchmarking will be considered, along with a review of quality-risk management improvement.

Module Nine - Audit and Risk

If you cannot audit it, you cannot measure it, and if you cannot measure it, you cannot improve it this is an audit and risk axiom. The use of audit objectives, related risk-audit performance indicators, service level agreements and benchmarking will be considered, along with a review of audit-risk management improvement.

Module Ten - Ethics and Risk

This module examines recent trends in business ethics, corporate governance, environmental issues and social responsibility. Practical advice is provided with tips and guidance on making ethics and risk presentations. Finally, the student is taken through a course review to reflect on their learning and also to help them to set career goals for their next steps.

Mandatory Text Book:

Students are expected to purchase and use the book COMPLIANCE AND CHANGE MANAGEMENT: WHAT YOU DON'T LEARN AT HARVARD by Abe Abrahami, directly from: www.amazon.co.uk or from: www.amazon.com - this can be done at the foot of this webpage.

Previous Knowledge Required

No previous knowledge or experience is essential to study this course.

Support

12 Months Tutor Support. Tutors are available to answer student questions relating to course materials and to comment on the assignments that are sent in to state how well students have understood the unit content.

Assessment

Final online multiple choice examination counts for 100% of the final grade.  Throughout the course there are ten SAPs (coursework) and a thesis.  The course clearly states that this is not mandatory to complete as it has no bearing on the final grade.  We do suggest that students complete these as this will not only assist them in examination preparation but also will give the student the skill set should they wish to continue their studies (continuous professional development) at a higher level.

Modules

• Module One - What is Risk Management?
• Module Two - The individual as a Risk Manager
• Module Three - Risk Structure and Environment
• Module Four - Managing Risk Processes
• Module Five - Managing Risk Projects
• Module Six- Managing Risk Diversity
• Module Seven - Risk and Change
• Module Eight - Quality and Risk
• Module Nine - Audit and Risk
• Module Ten - Ethics and Risk

Awarding Body

This Level 3 Diploma in Risk Management is Quality Assured by OLQA. Upon successful completion of the course you will receive certification awarded by Oxford College. The qualification does not carry UCAS points but is recognised by employers and some universities as a level 3 qualification. For entry into university students will need to check the relevant university’s entry requirements to see if they will accept a Level 3 Diploma in place of A Levels / UCAS points.

For more information about Awarding Bodies click here