Fundamentals of Risk Management

Regard­less of your posi­tion, every­one plays a roles in man­ag­ing risk with­in an orga­ni­za­tion. This course will help pro­vide you with a the­o­ret­i­cal under­stand­ing of what risk man­age­ment is and how to use risk man­age­ment for deci­sion mak­ing in order to achieve objec­tives, as well as cre­ate or pre­serve val­ue for your orga­ni­za­tion. Top­ics will include: what is risk, risk man­age­ment, man­age­ment and com­mu­ni­ca­tion, and the val­ue of learn­ing from failure.
What you will learn

After completing this course, students should be able to:

  • Outline the history of risk
  • Identify and describe the various risk segments (hazard, operational, strategic and project risks)
  • Identify various risk management standards or frameworks
  • Recognize the differences and features of each standard or framework
  • Comprehend and explain the ISO 31000 definition of risk
  • Identify and recognize how people connect with and process uncertainty, and make decisions
  • Identify stakeholders and select appropriate ways to communicate
This course has no prerequisites

Students from all educational backgrounds welcome. You can register for this course without applying and enrolling in a program.

Currently counts towards

* If you are already enroled in this program, please refer to your specific program requirements as outlined at the time of your admission: Bear Tracks > Academic Advisement.

You can register for and take a course without applying and enrolling into the program.

We recommend that you apply to the program as soon as possible to lock in your course requirements as they are subject to change.


Looking for different course dates?

New course schedules are released each June and October.

Course Not Offered This Term

This course is not currently scheduled, but may be offered in an upcoming term. New course schedules are announced each June and October.

Sign up for updates

Interested in future offerings of this course? We can let you know when this course becomes available.