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Risk Management - Level 1 Award

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Risk Management - Level 1 Award

Course Overview

Short Course Certificate Risk Management

Risk management is, undoubtedly, an essential prerequisite for any business firm. It involves the pre-emption, identification, mitigation, and evaluation of risks. Risk management is the application of strategic, mechanized sequences to reduce the dire impact of unfortunate events. It can also be an avenue to maximise opportunities.

Risk is one of the significant factors of a business, and it can develop or spring from numerous sources such as threats in the financial market, a lapse in industrial production, natural disasters, legal misconceptions, unforeseen contingencies, and the likes.

This short course certificate in risk management provides the foundation upon which candidates can build a rewarding career in risk management. To enrol on this introduction to risk management course, candidates need no prior knowledge as this course explains the basics of risk management and the main types of business risks. Candidates can take this risk management certificate course from anywhere in the world, freeing them from the hassles of classrooms and added expenditure of travelling.

The introductory part of this course investigates the main types of business risks. Candidates will learn the various types of risks prevalent in the workplace and how these risks can be mitigated, tackled, and preempted.

Course Syllabus

As the introduction to the world of risk management, this course contains two units.

Unit 1- Risk Management – An overview

Typical businesses mostly face the risk of things within their control, such as trying to develop a stepwise strategy to tackle issues and things beyond their control such as an inevitable lapse in the global economy. The first unit of this course would be looking at these core areas.

Unit 2- Introduction to the Main Types of Business Risks

When it comes to business risks, there is an endless list to explore as risk is quite a broad phenomenon. However, for the sake of precision, this course will be limiting its scope to the ten main types of business risks which would be studied in-depth in the later parts of this course.

  • Competitive Risk
  • Economic and Financial Risk
  • Environmental risk
  • Political and Legal Risk
  • Compliance Risk
  • Strategy Risk
  • Project Risk
  • Technological Risk
  • Marketing and Social Risk
  • Operational Risk
Career Path

Given that risk management is a core necessity of any business firm, candidates who wish to pursue a career in health and safety, engineering, stockbroking, finance, politics and numerous sorts can leverage the unique concepts of this course to kick-start their career. Risk management is a high-ticket course with employment opportunities around the globe from entry to advance. Entry-level risk managers could earn between £35,000 - £50,000 per annum.

Who Shoud Take This Course
  • Candidates who are looking to beef up their CV to fit into the Risk Management positions.
  • Individuals who wish to work in any health or industrial firm can harness the benefits of this course.
  • Candidates who are looking to scale their career in risk and project management.
  • Candidates with an insatiable need for professional knowledge.

At the end of this course successful learners will receive a Certificate of Achievementfrom ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme.  This means that Certification for Professional Development (CPD) has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 1 Award against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner. 

The course itself has been designed by Certification for Professional Development (CPD) to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards/Certa endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met.  A review of courses is carried out as part of the endorsement process.

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

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Level Level 1 Award
Duration 60 Hours
Endorsement Body Endorsed By ABC Awards and Certa Awards


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Bulk discounts are available on purchases of 10 or more courses. If you wish to discuss a large individual order for this course, and/or would like to be invoiced in advance, please call our sales team on +44 2071019663 to make an enquiry.

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