Learning outcomes

Assessment criteria

1 Understand business risk concepts

1.1 Examine the internal and external

risk factors that an organisation

faces

1.2 Assess the potential impact of the

risk factors that an organisation

faces

1.3 Discuss risk management models

1.4 Explain the laws and legislation

relating to risk management

2 Understand how to identify risk and

risk probability

2.1 Discuss risk and risk

interdependencies

2.2 Examine criteria against which risk

management can be assessed

2.3 Evaluate the effectiveness of

methods used for calculating risk

probability

3 Understand business resilience and

the management of risk

3.1 Explore the relationship between

risk management, disaster recovery

and business continuity

3.2 Evaluate a range of scenario

planning and crisis management

models

3.3 Analyse the benefit of risk

governance structures and

ownership

3.4 Evaluate techniques used to

minimise business risk

3.5 Examine ways in which risk

management techniques can be

built into routine business processes