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Risk Management

Course Description:

Risk management has to do with managing uncertainties.  No risk exists unless there is a reasonable uncertainty.  If a person jumps out of an airplane flying at 30,000 feet with no parachute, no risk is involved since the chances of death for that person are approximately 100%.  Certainty makes risk a non-factor.  Most of the time in life, however, uncertainties abound.  In this course, students will learn how to identify risks and assess them, so as to reduce the projected impact of future losses.

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Guiding Questions:

  • How can taking inventory of financial risks, operational risks, perimeter risks, strategic risks, and health risks protect an organization?

  • How can risks be best prioritized?

  • What are the sources of risks?

  • How does risk management relate to having faith in God?

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