BUSINESS RISK ANALYSIS (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Explain the meaning of risk and the impact of risk on organization; Apply the risk management analysis to assess, control, and transfer risk; Analyze the risk management strategy to ensure that an organization complies with legal and regulatory obligations, and enhance the effectiveness and efficiency of operations within the organization.

Topics:

1. Approach to defining risk;
2. Impact of risk on organizations;
3. Type of risks;
4. Development of risk management;
5. Principles and aims of risk management;
6. Importance of risk appetite;
7. Tolerate, treat, transfer, and terminate;
8. Risk control techniques;
9. Control of selected hazard risk;
10. Insurance and risk transfer.