Fundamentals of Risk Management

Regard­less of your posi­tion, every­one plays a role in man­ag­ing risk with­in an orga­ni­za­tion. This course will help pro­vide you with a the­o­ret­i­cal under­stand­ing of what risk man­age­ment is and how to use risk man­age­ment for deci­sion mak­ing in order to achieve objec­tives, as well as cre­ate or pre­serve val­ue for your orga­ni­za­tion. Top­ics will include: what is risk, risk man­age­ment, man­age­ment and com­mu­ni­ca­tion, and the val­ue of learn­ing from failure.

Course at a glance
  • Learn through lectures and lively discussions, as you broaden your network and apply the course content to the context of your own work or organization and explore its implications for your professional practice.
  • Aimed at front-line leaders, supervisors, and managers who are looking for an understanding of risk management and how it impacts organizations.
What you will learn

By the end of this course, you should be able to:

  • Outline the history of risk.
  • Identify and describe the various risk segments (hazard, operational, strategic, and project).
  • Identify various risk management standards or frameworks.
  • Recognize the differences and features of each standard or framework.
  • Comprehend and explain the ISO 31000 definition of risk.
  • Identify and recognize how people connect with and process uncertainty, and how they make decisions.
  • Identify stakeholders and select appropriate ways to communicate with them.
This course has no prerequisites

Students from all educational backgrounds welcome. You can register for this course without applying and enrolling in a program.

Take note:

  • All required learning materials are provided through eClass at no additional cost.
  • This is a non-graded course; refer to the course syllabus for details on activities and content.
Email

busprog@ualberta.ca

When will
this course be offered?

New course schedules are released each June and November.

Course not yet scheduled

This course is not currently scheduled, but may be offered in an upcoming term.

New course schedules are announced each June and November.

Sign up for updates

Interested in future offerings of this course? We can let you know when this course becomes available.