CMI Unit 518 Managing Risk
Business outcomes are optimised when risks are identified and managed effectively.
About this course
This unit has been designed to equip learners with an understanding of the scope and purpose of business risk management. This includes an evaluation of the types of business risks, the governance and approaches for managing these effectively, and how risk management can be implemented successfully within organisations.
- Understand the scope of business risk management
- Understand the process for managing business risk
1.1 Evaluate business risks in relation to the organisation, its customers and suppliers
1.2 Analyse the governance of risk within organisations
1.3 Examine categories of risk used within different organisational settings
1.4 Analyse organisational methods for managing and quantifying risk
2.1 Analyse the processes for identifying, assessing and ranking business risk
2.2 Analyse the process for managing a business risk
2.3 Examine approaches for mitigating a business risk
2.4 Analyse methods for implementing business risk management
2.5 Assess methods for reporting identified risks to stakeholders