A variety of internal and external threats are discussed, along with the effective use of a risk register and how to consider risks contextually while factoring in the potential rewards. Module five examines the first key stage in the risk management process – the identification of risks. Learners study a breakdown of the effective risk assessment process and learn how to carry out workplace risk assessments. Primary ERM roles and responsibilities are discussed, along with how a business must take risks at a variety of levels to meet its objectives.Ĭandidates then discuss the process of analysing the effectiveness of an existing risk management framework, in order to make improvements and expansions of coverage where necessary. Module three provides an in-depth introduction to the concept and applications of enterprise risk management (ERM). Risk classifications discussed include liquidity risk, financial risk, market risk, operational risk, technological risk, economic risk, political risk, legal risk and more. ![]() Candidates study the roles and responsibilities of those who work in a risk management capacity, along with a series of essential risk management tools, key risk management activities and the potential consequences of ineffective risk management.Ī detailed overview of several major risk classifications follows in the second module, with examples of each type of risk and its capacity to affect business performance. The course begins with a detailed exploration of the objectives, limitations and general applications of risk management in the workplace. Enjoy the freedom to study in your own time and at your own pace, exploring the art of effective risk management over the following 13 modules: This fully-endorsed Level 5 Risk Monitoring and Control Course is open for enrolment 365 days a year. If you’ve got the drive, determination and ambition to make it to the top, there’s never been a better time to get started. Unsurprisingly therefore, demand for talented risk manager is consistently high in key markets worldwide. Ensuring regulatory compliance, cost-reduction, maximising profits, appealing to clients and investors – all in a day’s work for the professional risk manager. Risk management affects all aspects of a company’s performance and output. Across the board, risk management is the framework that enables the business to avoid crises and safeguard its future. Some internal, some external – some controllable, others completely out of the firm’s hands. Develop the skills, knowledge and confidence to assume a leadership role in risk management at any level! With the committed support of your own personally-assigned tutor, the career of your dreams could be right at your fingertips! Get started on your Level 5 Certified Risk Manager Certification program with Oxford Home Study Centre today!Įvery organisation worldwide operates in the face of countless threats. Study the intricacies of enterprise risk management, the functions of operational risk management and the art of the effective risk assessment. The final category, claims and litigation, contains questions concerning claims, billing and data collection management.With Oxford Home Study Centre, your career in risk management starts today! Our most advanced course to date, this Level 5 Risk Management Certification Course is open to ambitious candidates looking to build a brighter future! Learn how risk management contributes to the performance, position and profitability of almost every business worldwide. The fourth category, health care operations, asks questions about conducting risk assessments, data collection and staff guidance. The third category, legal and regulatory, asks questions about compliance, reporting and patient confidentiality. The second category is risk financing, which asks questions regarding liability, probability and financial losses. ![]() Other questions will ask the candidate how to promote a culture of patient safety or educate others how to reduce risks. For example, questions will ask the candidate how to evaluate patient safety, staff awareness and potential risks. First, there are questions regarding staff, patient and clinical safety. Two hours are given to complete the exam, which is divided into five major categories. However, the candidate's score is based on only 100 of these questions because there are 10 pretest, non-scored questions. ![]() The CPHRM exam is comprised of 110 multiple-choice questions.
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