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CMI Study Unit

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Operational risk management

This unit is about assessing risk, developing an operational risk management strategy, aligning this to business objectives, communicating and resourcing risk management strategies, and evaluating the outcomes

Knowing, assessing and mitigating risks is a central to long term business success.

Study Unit Code: 5021V1

Study Unit Group: C

Study Unit Credits: 7


Maximum flexibility: Study online, with full Tutor support as and when you need it.


Assignment Summary

Discuss the role of effective risk management in business today. Display your understanding of risk and the various roles, responsibilities, tools and models that are central to managing risk. Explain how you would implement, monitor and evaluate an effective risk management plan.

Upon completion of this CMI unit you will be able to:

  • Understand the concept of risk management
  • Understand the identification of risk and risk probability
  • Be able to manage risk response

  • Course Materials

    All of the below are techniques related to the Study Unit and can be read, applied and referenced in completion of the Study Unit.

    Financial Statement Analysis Supply Chain Risk Management Risk Management in Purchasing and Supply Management Sensitivity Analysis Leveraging Supply Chain Visibility Value Chain Six Sigma Capital Asset Pricing Model Operations Strategy Matrix Credit Analysis Supplier Evaluation Monte Carlo Simulation Delphi Forecasting Method Benchmarking Corporate Audits Kraljic Matrix Boston Consulting Group Matrix Business Continuity Management / Business Continuity Planning Outsourcing

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