Risk Management
Level 3
 
Title of learning programme Risk Management
Programme level 3
Duration of learning programme 11 weeks x 10 hours*
Total number of learning hours per programme 110**

* Unlike traditional schools, colleges or universities, there are no terms, semesters, or specified intake dates for our uniquely flexible distance education courses. Our system of continuous enrolment means that our students can enrol on any day and at any time of the year. This allows our students the freedom to plan their studies to fit in with their lifestyle or work commitments.

** Please note that this is only an approximate figure and is dependant upon how much time you can dedicate to your studies and also how well you grasp the learning concepts in the course material. Furthermore, at the end of each module there is a question paper which needs to be completed and returned to your personal tutor.

Structure
 
Module Module Title
1 Introduction to Risk Management
2 Principles of Risk Management
3 Risk Evaluation
4 Risk Control Measures - Loss Prevention
5   Relationships with Financial Elements
6   Captive Insurance Industry
7   Legal Aspects
 

Learning Outcomes
 

Module 1 – Introduction to Risk Management.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Summarise the necessity and purpose of risk management and compare risks, perils and hazards
LO2   Discuss the concept of ‘utility’ and identify possible sources of market failure
 
Module 2 – Principles of Risk Management.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Analyse the management and identification of risk
 
Module 3 – Risk Evaluation.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Examine risk evaluation, assessment and control
 
Module 4 – Risk Control Measures - Loss Prevention.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Introduce risk control measures available to a business
 
Module 5 – Relationships with Financial Elements.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Analyse how financial elements are related to risk control
 
Module 6 – Captive Insurance Industry.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Examine captive insurance and summarise the financial treatment of speculation risk
 
Module 7 – Legal Aspects.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Discuss why legal liability issues should be monitored carefully, explain the meaning of delict and introduce ‘risk liability’

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