The Certificate comprises of six sections which take students through a structured learning process over six to nine months.

Each section has a recommended minimum number of study hours. This will vary between individuals depending on ability, previous knowledge of risk management and educational background. An approximate guide to the total number of hours is 130. The course handbook provided to students on registration clearly indicates the recommended number of study hours per section.

The sections are listed below and a detailed syllabus is downloadable by clicking Certificate Syllabus (pdf - 28.1 Kb)

Unit one: Introduction to risk management

• Approaches to defining risk
• Impact of risk on organisations
• Types of risks
• Development of risk management
• Principles and aims of risk management
• Risk management standards

Unit two: Risk strategy

• Risk management framework
• Risk management documentation
• Risk management responsibilities
• Risk aware culture
• Risk training and communication
• Risk practitioner competencies

Unit three: Risk assessment

• Risk assessment considerations
• Risk classification systems
• Risk likelihood and impact
• Loss control
• Defining the upside of risk
• Business continuity planning

Unit four: Risk response

• Enterprise risk management
• Importance of risk appetite
• Tolerate, treat, transfer and terminate
• Risk control techniques
• Control of selected hazard risks
• Insurance and risk transfer

Unit five: Risk and organisations

• Corporate governance model
• Stakeholder expectations
• Analysis of the business model
• Project risk management
• Operational risk management
• Supply chain management

Unit six: Risk assurance and reporting

• Evaluation of the control environment
• Activities of the internal auditor function
• Risk assurance techniques
• Reporting on risk management
• Importance of corporate reputation
• Future risk management