CRM110

Risk Management Principles and Practices

This course is an introduction to risk management. It looks at broad enterprise-wide risk management, encompassing four major categories of risk: hazard (insurable), operational, financial and strategic, and contrasts this with the traditional risk management process which focusses on hazard risk only.

You will learn about global risk management standards and guidelines, such as ISO 31000 and the COSO ERM – Integrated Framework, and the basic concepts involved in the risk management process. Various methods of risk identification and analysis tools and techniques, such as risk registers and risk mapping will be examined. An overview of financial risk is also discussed including financial leverage, liquidity risk, and capital investment risk. Risk oversight, monitoring and reporting are discussed from the perspective of governance and control.

This course is available at the following time(s) and location(s):

Campus Session(s) Instructor(s) Cost Seats available  
Vancouver 12 - $649.00 28 Register
Vancouver 14 TBA $649.00 30 -

What will I learn?

Upon successful completion of this course, you should be able to:

  • Enhance your contribution to your organization’s value by learning to design a risk management program for hazard, operational, financial, and strategic risks.
  • Increase your decision making effectiveness by applying risk identification and risk analysis techniques to analyze an organization’s risk profile.
  • Understand basic loss forecasting techniques and improve your ability to quantify risk through application of frequency & severity measurement, financial statement analysis and statistical analysis. Describe the impact of risk on organizational success.
  • Make better financial decisions by applying net present value concepts and cash flow analysis to analyze the benefits of alternative options.

How will I learn?

This course may consist of a combination of lectures, workshops, case studies, examinations, projects, papers, assignments, and group presentations.

This university-level course requires at-home study and preparation. You can expect reading and other assignments on a weekly basis.

How will I be evaluated?

We'll evaluate your performance in this course using a combination of in-class or take-home assignments, exams, individual or group projects, participation and attendance. 

Textbooks and learning materials

Course fees do not include textbooks or other materials, which you may purchase from the SFU Bookstore. We recommend you purchase your textbooks as soon as you've registered. Quantities are limited at the bookstore.

Risk Management Principles and Practices by The Institutes Risk and Insurance Knowledge Group (2018, 3rd ed., ISBN: 9780894622090).

ARM 54 Course Guide by The Institutes Risk and Insurance Knowledge Group (2018, 3rd ed., ISBN: 9780894622083).

You will access other course materials using SFU's online course management system, Canvas. You will receive course details and Canvas access instructions on the first day of the course. You can check if your browser is compatible with Canvas here.

New to online learning? See Online Programs and Courses for helpful videos and additional information.

Professional development credits

This course may meet the requirements for the following designation(s):

Related program(s)

Look at other courses in