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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

Risk assessment as well as the capacity to adopt a credible management plan have never been more crucial in an increasingly uncertain corporate world. The UCT’s Business Risk Management online course is intended to provide you with a comprehensive understanding of the developing area of Risk management.

According to Aon research, 51.8% of firms worldwide say risk management practices could be upgraded. The Business Risk Management Training teaches how to foster significant risk awareness inside an organization while also emphasizing the need for industry standards. The course teaches how to successfully use monitoring tools to provide genuine insight for the organisation.

An Aon report states that the top recognized risk for businesses across the industry is an economic downturn. The Business Risk Management syllabus teaches how to use corporate risk management systems to establish the severity of a risk and then analyze it using descriptive and analytical indicators. The course teaches students how to utilize a risk register to examine the profitability and resource management of all projects.

The Highlights

Self-paced learning
Downloadable resources
Split option of payment
University of Cape Town offering
Course provider Getsmarter
Endorsed by IRMSA
Shareable certificate
7 hours per week
Projects and assessments
Online learning
10 weeks duration

Programme Offerings

online learning
video lectures
Self-paced learning
Live polls
Offline resources
quizzes
Case Studies
Infographics

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	UCT Cape Town

Fee type	Fee amount in INR
Business Risk Management fees	Rs. 66,736 (Incl of all taxes)

The Business Risk Management fees are Rs. 66,736 (Incl of all taxes). The full payment should be made at the time of registration or the candidates can choose the split method of payment to pay the fee in 3 installments. If the split payment option is chosen by the candidate, they will have to pay a 3% extra amount as an admin fee. The payment can be made using a credit/debit card or EFT/bank transfer.

Eligibility Criteria

Certification Qualifying Details

To qualify for the Business Risk Management certification, Candidates will have to finish the online course modules along with projects, assignments, live polls, and quizzes. Candidates must fulfill the minimum attendance criteria. The Evaluation is based on a series of submitted practice sets and exams. Candidates must compulsorily meet all the requirements mentioned in the coursebook to qualify for the certification.

What you will learn

Financial Management

After completing the Business Risk Management online training, Candidates will learn the basics of Financial management and understand how to create a risk assessment and risk management processes for a company. Learners will be able to identify, analyze, prioritize, and manage possible risks to a specific project or organization and develop the skills necessary to establish their own business risk management plan to present to a management board or prospective buyers.

Who it is for

Risk Management AnalystRisk Management Specialist

Business owners, Risk management analyst, Risk management specialist and investors whose work concentrates on a corporation's adherence, legality, and business procedures.
Professionals in managerial positions in any firm who wish to get a fundamental grasp of protecting their organisation from potential threats should take this course.

Admission Details

To get admission to the Business Risk Management online certification course, follow the steps mentioned below:

Step 1. Open the business risk management course page.

Step 2. Click on the ‘Register Now’ button on the course page

Step 3. Read the course provider's terms and conditions and accept to proceed.

Step 4. Make your profile on the Getsmarter website by filling in the details

Step 5. Fill in the billing details and sponsor details.

Step 6. Pay the course fee and begin the online class.

The Syllabus

Demonstrate how the nature of risks and risk management changed in the 20th century
Discuss the historical context within which the field of risk management was established
Discuss the meaning of risk
Identify basic concepts in the field of risk and risk management, as well as their key historical influences
Identify several definitions relevant to the field of business risk management
Identify the foundations of risk and risk management to given scenarios or situations

Identify the reasons for the local and international adoption of risk management processes
Use the risk maturity levels to indicate how well risk management is integrated within a business
Use the ISO 31000 international standard for risk management
Explain COSO and the business risk management processes it emphasises
Discuss the approach and responsibility for corporate governance in accordance with King IV
Apply risk management frameworks based on leading international risk management literature to both theoretical and practical examples

Show how corporate governance, enterprise business risk management, and compliance overlap
Describe how to promote a strong risk culture in your organisation
Identify the three lines of defense that act as your organisation’s buffer against risks
Recognise the importance of abiding by an industry’s legislation, codes, and regulations in order to achieve compliance

Explain the important concept of marginal utility and its influence over decision-making
Describe the influence of uncertainty on decision-making and the different attitudes businesses can adopt towards risks
Describe several of the most influential decision-making theories that business risk management experts use today
Use quantitative decision-making techniques to reduce the extent of uncertainty associated with business decisions
Explain how 'Black Swan' events impact risk management
Articulate the definitions, advantages, and drawbacks of selected quantitative decision-making theories
Illustrate the gambler’s fallacy as a decision-making theory in terms of personal and corporate experience
Apply quantitative decision-making theories to practical examples

Identify the different Myers-Briggs personality types
Discuss aspects of the Jungian model of personality types
Show how to utilise various styles of influencing to improve decision-making
Use a four-stage approach to strategic decision-making
Describe four tools used in strategic decision-making practices
Identify the components of a SWOT analysis and how it is used

Apply various risk identification and risk assessment methods
Describe risk by considering the frequency of occurrence or timeline associated with it
Explain macro and micro risks, the two main types of risk
Categorise risks for further analysis, considering time-related elements
Use Porter’s Five Forces analysis to identify various influences in a market
Identify and discuss the risks faced by a business entity
Categorise risks into broad categories and, if possible, into underlying events

Use the Risk Rating Matrix to determine the severity of risks
Apply the four fundamental elements that determine risk scope
Assess risks using qualitative and quantitative factors
Compare qualitative and quantitative assessment techniques
Demonstrate how to plot risks once they have been assessed
Assess risks to determine their position on the Risk Rating Matrix

Demonstrate how to determine your business’ risk tolerance
Use the preliminary risk response checklist
Identify the four primary risk response strategies
Discuss practical issues associated with risk response strategies
Describe derivatives and financial hedging instruments

Identify the elements that influence organisational culture
Show how business risk management and ethical concerns overlap
Show how effective ERM can guide an organisation towards more sustainable business practices

Write a risk report for the board of a real-world example
Apply risk reporting for best practices
Discuss the significance of result-oriented communication for risk reporting
Use reporting tools to improve the effectiveness of your report

Instructors

UCT Cape Town Frequently Asked Questions (FAQ's)

1: What is Business Risk Management?

Business Risk management is the method of developing and implementing policies to reduce the negative consequences of risk on an enterprise.

2: What are the 3 types of risk?

The 3 types of risk are Business risk, financial risk, and non-business risk.

3: Why is Business Risk Management important?

Business Risk management is critical in an organisation as without it, an organisation cannot establish its long-term goals.

4: What are the 4 ways of managing risk?

Retention, prevention, avoidance and sharing are the 4 ways of managing risk.

5: What is a Business Risk Management course?

The Business Risk Management is a certification program offered by the University of cape town which teaches about corporate risk prevention techniques.