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.


Location: Online
Duration: 12 weeks
Tuition: $649
Can be applied to:
Risk Management Professional Certificate
Risk Management Certificate

Upcoming Offerings

Register for a course at any time.

Start Date
Seats Available
Start DateMon, Sep 9, 2024
  • Mon, Sep 9 (self-paced all week)
  • Mon, Sep 16 (self-paced all week)
  • Mon, Sep 23 (self-paced all week)
  • Mon, Sep 30 (self-paced all week)
  • Mon, Oct 7 (self-paced all week)
  • Mon, Oct 14 (self-paced all week)
  • Mon, Oct 21 (self-paced all week)
  • Mon, Oct 28 (self-paced all week)
  • Mon, Nov 4 (self-paced all week)
  • Mon, Nov 11 (self-paced all week)
  • Mon, Nov 18 (self-paced all week)
  • Mon, Nov 25 (self-paced all week)
Seats Available29
Start DateMon, Jan 13, 2025
  • Mon, Jan 13 (self-paced all week)
  • Mon, Jan 20 (self-paced all week)
  • Mon, Jan 27 (self-paced all week)
  • Mon, Feb 3 (self-paced all week)
  • Mon, Feb 10 (self-paced all week)
  • Mon, Feb 17 (self-paced all week)
  • Mon, Feb 24 (self-paced all week)
  • Mon, Mar 3 (self-paced all week)
  • Mon, Mar 10 (self-paced all week)
  • Mon, Mar 17 (self-paced all week)
  • Mon, Mar 24 (self-paced all week)
  • Mon, Mar 31 (self-paced all week)
Seats Available28
Start DateMon, Apr 14, 2025
  • Mon, Apr 14 (self-paced all week)
  • Mon, Apr 21 (self-paced all week)
  • Mon, Apr 28 (self-paced all week)
  • Mon, May 5 (self-paced all week)
  • Mon, May 12 (self-paced all week)
  • Mon, May 19 (self-paced all week)
  • Mon, May 26 (self-paced all week)
  • Mon, Jun 2 (self-paced all week)
  • Mon, Jun 9 (self-paced all week)
  • Mon, Jun 16 (self-paced all week)
  • Mon, Jun 23 (self-paced all week)
  • Mon, Jun 30 (self-paced all week)
Seats Available30

What you will learn

After completing this course, you’ll be able to do the following:

  • Design a risk management program to mitigate hazard, operational, financial and strategic risks
  • Apply risk identification and risk analysis techniques to analyze an organization’s risk profile
  • Apply frequency and severity measurement, financial statement analysis and statistical analysis to understand basic loss forecasting techniques
  • Describe the impact of risk on organizational success
  • Apply net present value concepts and cash-flow analysis to analyze the benefits of alternative options

How you will learn and be evaluated

  • Prepare to spend 6–8 hours per week on coursework
  • Expect reading and other assignments on a weekly basis
  • Plan to access the course at least once every few days to keep up with your work, group assignments and class discussions

You will be evaluated on:

  • Assignments
  • Individual and group projects
  • Exams
  • Participation and attendance

Learning Materials

Course fees do not include textbooks. We recommend you purchase your textbook as soon as you’ve registered. We will provide additional course materials online.

Required textbook:

Risk Management Principles and Practices by The Institutes Risk and Insurance Knowledge Group (2018, 3rd ed., ISBN: 9780894622656). An ebook is available through the publisher, The Institutes.

Once on The Institutes website, follow these steps:

  1. From the drop-down menu for college or university, choose "Canadian Risk Management (CRM) Curriculum."
  2. From the drop-down menu for course name, choose "CRM 54 – Risk Management Principles and Practices."
  3. Add to your cart Risk Management Principles and Practices CRM 54, 3rd edition, GRMI Online Course. This ebook is broken up into modules/assignments exactly like the textbook. If you prefer a hard copy, select "CRM 54, 3rd edition – Risk Management Principles and Practices (GRMI Textbook)" and add to your cart. Shipping and custom fees will be calculated at checkout.

Technical Requirements

For online courses, you will need a computer with audio and microphone that is connected to the internet. Canvas is the online system that will be used for the course. For more information and online support, visit Online Learning.