ORIENTATION

Risk management is a very complex field which may differ by industry, type of business and economic and regional dependencies. In my opinion, risks are definitely part of every business and every economic activity. If all managers were able to understand the negative potential of risks, their importance for business development and their complexity, it would be beneficial to them. In this publication, I would like to simply present the facts and knowledge based on my professional experience. In this course, you may find the most important information which might help all readers explore this relatively unknown area of modern risk management.

After completion of this course, the learner/student should have a better understanding of the following:

• Risk Management - A Basic Understanding          
• Principles of Risk Management 
• Risk Management Process
• Risk Identification and Assessment - HR Issues   
• Various Aspects of Risk Management     
• How to Create a Risk Management Plan
• Evaluation of a Risk Management Plan  
• Risk Treatment - Risk Response Planning              
• Role of HRD in Risk Management             
• Enterprise Risk Management     
• Risk Management and Stock Market       
• Outsourcing Risk Management Function
• Risk Management as a Profession

SYLLABUS

1. Personal Remark 
2. Introduction 
3. Brief History of Risk Management 
4. What Is Risk 
   
   1. What Is Risk Management? 
   2. What Is Risk Assessment? 
   3. Who Makes Risk Management Decisions? 
   4. Understand the Key Components of Risk 
   5. Communicate Risk Consistently 
   6. Make Informed Risk Management Decisions 
   7. Summary of Risk Management 
5. What is Quality 
   
   1. Brief Look at Quality Systems 
   2. ISO 
   3. Kaizen 
   4. Lean 
   5. Six Sigma 
   6. Hamburger University 
   7. How Do We Differentiate Between Professional and Amateur? 
6. Sarbanes-Oxley Act and Its Implications 
   
   1. Preface 
   2. U.SCapital Market 
   3. The ENRON Story 
   4. The MCI WorldCom Story 
   5. Lessons Learnt 
   6. Sarbanes-Oxley Act 
   7. Evolution of SOX 
   8. COSO 
7. Compliance 
   
   1. Definition of Compliance 
   2. Definition of Risk Compliance 
   3. Definition of Corporate Compliance 
   4. What Is Compliance 
   5. What Is Non-Compliance 
   6. Who Is an Auditor 
   7. Audit Run 
   8. Audit Statements 
   9. How to Deal with Auditors 
8. Process Driven Organizations and Operation Excellence Principles 
   
   1. Process Definition 
   2. Organization and Processes 
   3. Executive Processes 
   4. Managerial Processes 
   5. Supportive Processes 
   6. Operational Excellence 
   7. Key Performance Indicators (KPIs) 
   8. Key Risk Indicators (KRI) 
9. Internal Controls and Risk Mitigation 
   
   1. Definition 
   2. Suggestions for Effective Control Environment 
   3. Internal Controls Principles 
   4. Implementation of Internal Controls 
   5. Examples of Internal Control Wording 
   6. Recommendations 
10. Process Maps 
    
    1. Definition 
    2. Process Management 
    3. Process Risks 
11. Final Recommendations and Remarks 
12. Closing Note 

DURATION OF THE COURSE

The course could typically be completed within 1 - 3 days depending on the commitment and effort of the student. An online test assessment will be scheduled as soon as the student has communicated his/her readiness to the Online Tutor to take the examination. The pass rate for this course is 60%.

STUDY METHODOLOGY

Students access the prescribed Study Manual and the Online Test Assessment by clicking on the link in the left column of the Student Dashboard. Upon completion of the Online Test Assessment, the student will be activated for the next Course.

ONLINE TEST ASSESSMENT

The Online Test Assessment consist of a combination of multiple-choice, true-false as well as assignment-format questions.  

ACADEMIC PROGRESSION

Students who have successfully completed the Certificate in Risk Management Skills (L3Cert.Skill) may progress to the Diploma in Higher Education Access (L3Dip.HEA) in order to access the EduVisa UK Bachelor/Masters Degree Programme or alternatively continue to specialise in the subject matter by registering towards the Professional Diploma in Human Resources Management (L6PDip.Man) (SA) (IQF).

REGISTRATION PROCEDURE

Use the  Pay Online Button  on the Course Portal to be directed to the secure Payment Gateway (PayPal, PayFast, FlyWire) to effect EFT, Debit/Credit Card and Bank/Cash Deposit payments in R, £, ¥, € or $.