Because of several factors (such as globalization, corporate governance, competition, etc) risk management is becoming a very important discipline. Many corporations and governments are creating a new position called the “Chief Risk Officer” (CRO). This is an acknowledgment of the importance of managing risk in the modern world. This course is an introduction to a strategic approach to managing the operational risks in an organization. Students learn the five steps of the risk management process and immediately apply this knowledge to a real business case.
Upon completion of the course students should be able to:
- know the importance and consequences of risk in the business world
- understand a logical process for managing risk
- understand how to create a risk management program
- be able to identify, measure, and evaluate risks
- know the theories and techniques of risk control and risk financing
- be able to justify their risk management decisions
- know how to evaluate the success of their risk management program
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