Risk Management Basic Course

Looking for a Risk Management Basic Course that fits around your existing commitments? At BOLC Academy, this flexible programme provides an accessible introduction to risk management for learners who want to develop practical workplace skills and improve their professional knowledge. With no prior experience required, the course is suitable for anyone interested in understanding how organisations identify, assess and respond to potential risks.

The Level 1 Risk Management Award introduces the fundamental principles behind effective risk control in modern organisations. Risk can arise from many areas of business activity, including operations, finance, people, technology and external changes. Understanding these risks allows managers, supervisors and employees to make better-informed decisions and contribute to safer, more resilient working environments.

This Risk Management Basic Course is delivered through a focused programme designed to establish a strong foundation in the subject. Learners explore the functions and objectives of risk management, examine different types of risk and develop an understanding of how potential threats can be identified and considered before they create significant problem solving.

The course also provides useful insight into the role of a risk professional. Candidates develop an awareness of how risks can be classified and how organisations use appropriate tools and approaches to support risk identification, assessment and response. These capabilities complement broader management skills, strategic thinking and decision-making abilities.

Studying risk management can also support wider professional development. Knowledge of risk identification and control can be valuable across many business environments, particularly for people involved in workplace leadership, business management, operational planning or supervisory responsibilities. Building this knowledge can help learners become more confident when considering uncertainty and making responsible workplace decisions.

Flexible online learning makes it possible to develop new workplace skills alongside existing personal or professional commitments. All required study materials and learning resources are included, while tutor support is available throughout the learning experience.

Why Study Risk Management?

The field of risk management concerns the identification, classification, prioritisation and mitigation of threats at all levels in an organisational setting.  In business, a ‘risk’ is defined as anything that poses a direct or indirect threat to the performance, prosperity or wellbeing of the organisation or its workforce. From reputational damage to financial loss to legal and political issues, today’s business must contend with an extensive range of internal and external threats.  For the risk manager, the challenge lies in ensuring each and every potential threat is identified, recorded and dealt with. Some eventualities can be avoided entirely, while others are outside the control of the organisation. By making sure they are prepared for each and every possible threat and scenario, risk management personnel safeguard the futures of the businesses they work for.

BOLC Academy offers an extensive range of risk management programmes, open to candidates worldwide with no entry-requirements to fulfil.  This introductory Level 1 Risk Management Award provides a basic introduction to risk management and mitigation over two engaging modules as follows:

Module 1. Overview of Risk Management

Module one introduces risk management as both a profession and a broader business concept.  The functions, objectives and limitations of risk management are examined, along with the potential benefits of an effective risk management framework, an introduction to the major risk classifications. How to use essential risk management tools and the consequences of poor risk management in business.

Module 2. The Types of Risk

Module two focuses on risk classifications and the extent to which common internal and external risks can adversely affect the modern business.  Candidates are introduced to social risks, legal risks, political risks, economic risks, financial risks, operational risks, market risks, technological risks, environmental risks and other primary risk classifications.

BOLC Academy offers some free certificate courses in Risk Management. Explore now on our website. 

Paying in Instalments: £140 (Interest FREE Instalments)

Deposit: £40

No of Instalments: 10

Each Instalment: £10

Pay in Full: (£40 Discount) £100

At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

This endorsed Level 1 Risk Management Award is ideal for newcomers and existing members of the workforce alike. Continue studying at diploma level upon completion, or put your skills and knowledge to use in the practical setting of your choosing. Whether new to risk management or looking to take an existing career a step further, you’ll find the teachings of this exclusive course invaluable. We also strongly recommend risk management studies for business owners and prospective entrepreneurs. Typical salaries in the field of risk management range from £20,000 to more than £50,000 with experience.

With no time restrictions or deadlines to worry about, our exclusive risk management programmes are suitable for even the busiest lifestyles. This introductory Level 1 Risk Management Award was designed with the following applicants in mind:

• Candidates with no risk management experience
• Risk management personnel pursuing promotion
• Business owners and prospective entrepreneurs
• Executives, decisionmakers and leadership personnel
• Anyone interested in a career in risk management
• Jobseekers working on their CVs and employability

However ambitious your goals may be, you’ll be a step closer to achieving them with a Level 1 Risk Management Award on your CV.  Sign up online, or get in touch with BOLC Academy if you have any questions.