Risk Management Level 3

Course Synopsis
This Quality Assured Level 3 Diploma in Risk Management can prepare the student for taking up a new risk management role. It is also ideal for those who would like to develop and hone their skills within an existing risk management role.

It provides detailed learning on a range of relevant risk management topics, combining theoretical background with the practical tools, risk management techniques and risk communication formats needed for everyday risk managers.

The course consists of ten modules and an online examination at the end of the course.

Course Content


Module One - What is Risk Management?
This module will introduce the student to modern concepts of risk management (RM) skills, and how these can change and develop within a business management context. It examines the way RM evolves, and the risk manager's role in this process. The module concludes a range of guidelines in practical risk issues, looking at effective RM.

Module Two - The individual as a Risk Manager
This module focuses on some essential core skills for a risk manager, with tips and techniques for successful risk management risk goal-setting, risk problem-solving, effective risk resolution meetings, risk interviewing and giving or receiving risk related feedback. Relevant tools are explored, including risk landscape analysis.

Module Three - Risk Structure and Environment
This module includes an assessment of different features and types of risk organisation structure and the various environments within which risk organisations operate. This module assesses recent trends and the move towards the use of risk integration, and also looks at how to analyse their effects to anticipate a risk organisation future evolution.

Module Four - Managing Risk Processes
This module considers the internal features of a risk organisation, including planning and strategy, risk costs and budgets and the benefits of understanding the risk processes of a business. Practical advice is provided on facilitation of workshops, in the context of risk process improvement.

Module Five - Managing Risk Projects
The module asks 'What is a risk project', providing a step-by-step breakdown of the key phases for managing risk projects successfully. It provides advice on financing risk projects, and on quality risk assessment. The module provides guidance on risk project team roles and effective brainstorming for problem-solving.

Module Six- Managing Risk Diversity
This module embraces the increasingly diverse UK, EU, US and global risk mandates and the business case for managing by diversity-unification principles. Key risk issues and legislation issues will be examined, including common challenges and potential conflicts, diverse risk themes of international regulatory styles etc.

Module Seven - Risk and Change
Risk and change may be regarded as a 'chicken and egg principle' - which comes first? Accordingly this module includes a review of risk-caused/affecting organisational changes, managing the risk-change process, dealing with individual resistance and cultural issues, the use of coaching, mentoring and facilitation development.

Module Eight - Quality and Risk
If you cannot size it, you cannot measure it, and if you cannot measure it, you cannot improve it - this is a quality and risk axiom. The use of risk goals, related risk performance indicators, service level agreements and benchmarking will be considered, along with a review of quality-risk management improvement.

Module Nine - Audit and Risk
If you cannot audit it, you cannot measure it, and if you cannot measure it, you cannot improve it - this is an audit and risk axiom. The use of audit objectives, related risk-audit performance indicators, service level agreements and benchmarking will be considered, along with a review of audit-risk management improvement.

Module Ten - Ethics and Risk
This module examines recent trends in business ethics, corporate governance, environmental issues and social responsibility. Practical advice is provided with tips and guidance on making ethics and risk presentations. Finally, the student is taken through a course review to reflect on their learning and also to help them to set career goals for their next steps.

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Our online distance learning programmes encompass A-Level and Diploma level courses.

As part of your course you will have access to the tutor department who are able to support and mentor you throughout the learning process. Our students come from varied backgrounds, differing levels of education, and every continent in the world.

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Your qualification from Oxford College will show your respected and exceptional level of education.