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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.

Learning outcomes

  1. Understand the scope of business risk management
  2. Understand the process for managing business risk

Course content

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

Key Features

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Learn at your own pace, choose when to start and finish the course

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Apply the learning directly to your current or future work setting

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CMI qualifications show commitment to continual learning to clients, colleagues and industry

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Achieve foundation Chartered or work towards full Chartered Manager status

CMI Unit 518 Managing Risk

Course Summary

Guided Learning

23 Hours

Course / Unit Credit Value

Unit 518: 50 TUT

Qualification 1

CMI Level 5 Management and Leadership

Qualification 1 Credit Value

Award: 40 TUT; Certificate: 130 TUT; Diploma: 370 TUT

Qualification 2

CMI Level 6 Diploma Professional Management and Leadership Practice (370 TUT)

Qualification 2 Credit Value

Unit 518: 50 TUT (Group B option)
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