PRINCIPLES OF RISK MANAGEMENT

Prerequisites & course information

Requisites: Graduate/professional standing. Not open to students with credit for R M I 300 Course Designation: Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Recognize the general types and characteristics of situations involving risk, how to identify them, and why they are important Audience: Graduate 2. Explain risk preferences and how they impact risk management decisions Audience: Graduate 3. Apply the risk management process in a situation involving risk Audience: Graduate 4. Use statistical tools to value, summarize, and analyze risk Audience: Graduate 5. Differentiate the methods for managing risk: avoidance, risk control, retention, and transfer Audience: Graduate 6. Judge the effectiveness of a risk management technique for particular risk or portfolio of risks Audience: Graduate 7. Use statistical tools to demonstrate the benefits of risk pooling Audience: Graduate 8. Explain the value that sound risk management provides individuals,organizations and society Audience: Graduate Learning Outcomes: 1. Recognize the general types and characteristics of situations involving risk, how to identify them, and why they are important Audience: Graduate 2. Explain risk preferences and how they impact risk management decisions Audience: Graduate 3. Apply the risk management process in a situation involving risk Audience: Graduate 4. Use statistical tools to value, summarize, and analyze risk Audience: Graduate 5. Differentiate the methods for managing risk: avoidance, risk control, retention, and transfer Audience: Graduate 6. Judge the effectiveness of a risk management technique for particular risk or portfolio of risks Audience: Graduate 7. Use statistical tools to demonstrate the benefits of risk pooling Audience: Graduate 8. Explain the value that sound risk management provides individuals,organizations and society Audience: Graduate