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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
Due to macroeconomic, ecological, political, and technological changes, today's businesses face a wide range of risks, which could threaten their survival if not adequately addressed. As a result, more businesses are realising the value of including senior risk management experts on their teams. The Advanced Business Risk Management online course is an 8 weeks program provided by the University of Cape Town. The course teaches to recognise, evaluate corporate risks and build plans and controls to mitigate them.
The Advanced Business Risk Management syllabus includes a detailed overview of reputational risk and various strategies to avoid the risk. The course covers foreign operations and financial risks, The course teaches to investigate and describe strategies for verifying data obtained from outside consultants.
The Advanced Business Risk Management Training explains how the risk management system is organized and what its tasks are. The training develops skills to analyze an organization's risk management function. The course also includes different types of risk behaviours and their effect on managers' judgment and behaviour.
The Highlights
- Shareable certificate
- Course provider Getsmarter
- Split fee option available
- Endorsed by IRMSA
- Self-paced learning
- Assessments and projects
- Downloadable resources
- 10-12 hours per week
- University of Cape Town offering
- 8 weeks duration
Programme Offerings
- Self-paced learning
- Case Studies
- video lectures
- online learning
- Infographics
- Live polls
- quizzes
- Offline resources
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | UCT Cape Town |
Eligibility Criteria
Certification Qualifying Details
Candidates will have to complete 8 modules and finish all the assignments, projects, quizzes, live polls and other assessments to get qualified for the Advanced Business Risk Management Certification. Additionally, candidates must meet all the criteria written in the coursebook to qualify.
What you will learn
After completing the Advanced Business Risk management certification course, learners will gain knowledge of risk awareness, financial risk, and internal control. Candidates will also learn about reputational risk, governance ethics, and foreign operations.
Who it is for
- Business professionals who want to learn about business risk management and grow their career ahead in this field.
- Risk managers who want to boost their knowledge and update their skills to ensure excellent performance in their current job roles
- Managers who want to gain knowledge of necessary tools for managing risk in a wide range of business contexts.
Admission Details
Candidates must follow the steps outlined below for getting admission to the Advanced Business Risk Management program:
Step 1. Go to the official course website.
Step 2. To begin the registration process, go to the course page and press the 'Register Now' button.
Step 3. To continue, please check the consent box to ensure conformity with the conditions
Step 4. Make an account with personal information
Step 5. Fill in the billing address and, if applicable, the sponsor's details
Step 6. Pay the fee with a credit/debit card or by bank transfer, and begin the course on the scheduled date.
The Syllabus
- Review foundational risk management concepts
- Explain the relationship between business objectives and risk
- Identify the challenges faced by organisations in the implementation of enterprise risk management frameworks
- Complete an entity's risk register
- Apply risk management techniques to identify and assess the risks facing a business entity
- Recommend appropriate responses to identified business risks
- Analyse the corporate governance practices of a business entity
- Explain the importance of corporate governance based on the factors that prompted its emergence
- Recommend steps that could be taken to correct poor corporate governance practices
- Choose the most appropriate course of action in response to risk-related ethical dilemmas
- Show the importance of ethics in meeting business objectives
- Evaluate reputation risks arising from the pursuit of business objectives
- Illustrate how reputation risks could be mitigated or avoided
- Identify the components of a sound internal control framework
- Recognise the responsibilities of senior management and the board of directors in establishing and measuring internal controls
- Show how organisations exercise controls over key functions, such as HR, finance, and sales
- Recommend suitable internal controls to manage identified risks
- Select appropriate controls to address identified risks
- Evaluate the effectiveness of the internal audit and recommend internal audit tests of the design and operating effectiveness of internal controls
- Compare internal control checklists to determine overlap, gaps, and important factors
- Identify the information needs of businesses in various sectors
- Identify basic terminology and key concepts in information systems
- Identify common information systems risks faced by businesses
- Analyse risks arising from the design of information systems
- Illustrate the importance of information systems in supporting decision-making
- Suggest appropriate responses to identified risks
- Analyse financial risk case studies to determine the financial risks faced by companies and how these could be managed
- Describe the different types of financial risks and identify the most common financial risks faced by companies
- Calculate and interpret the relevant measures of dispersion to quantify risk
- Research and explain methods to verify information from external consultants
- Use the results of quantified financial risk measures for decision-making
- Describe how adverse movements in interest and exchange rates may affect a business
- Distinguish ways in which management can deal with risks associated with the funding and international trade
- Identify the methods that can be used to hedge exposure to interest and exchange rate risk
- Identify how capital projects are evaluated
- Research and explain methods to verify information from external consultants
- Apply the net present value rule to determine if a project should be accepted or rejected
- Recommend whether projects should be undertaken based on the associated risks
- Distinguish between the risks associated with investment decisions
- Assess risks associated with capital project evaluation
- Identify the mechanism by which companies can ensure behaviour from their staff that is consistent with business objectives
- Describe the agency relationship between owners and managers and how it affects risk
- Articulate the various attitudes to risk and how they impact the judgement and behaviour of managers
- Evaluate the extent to which the success of an organisation's risk management can be influenced by risk culture and risk appetite's implementation
- Distinguish factors influencing the risk appetite and culture of an organisation
- Recommend ways in which behavioural risk can be mitigated
- Recommend ways in which an organisation's risk appetite can be enforced
- Outline the composition of the risk management function and responsibilities of risk management
- Discuss significant risks facing businesses in South Africa
- Illustrate the different levels of a risk maturity model
- Evaluate the components of a risk report and the elements of a presentation to the board
- Analyse the risk management function of an organisation
- Present a risk report aimed at the board of directors of an organisation
- Prepare a risk management report for inclusion in the integrated report
Instructors
UCT Cape Town Frequently Asked Questions (FAQ's)
The main 5 risks faced by businesses are:
- Financial Risk
- Investment Risk
- Reputation Risk
- Behavioral Risk
- Information System Risk
The procedures, policies, and standards made to recognise, monitor, assess, and govern a risk are called risk management strategies.
The 10 Ps of risk management are planning, procedures, process, product, procurement, premises, people, prevention, performance, and policy.
Business risk management online course provides in-depth knowledge of the risk management field along with covering key elements of risk management.
Advanced Business Risk Management Certification provided by the University of Cape Town is best for risk management.
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