1.1 Examine the internal and external risk factors that an organisation faces
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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
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