Unit One: Principles of Risk
In focusing on the topic of risk, Unit One will also explore the subject of risk management, and will provide key definitions, a brief history of risk management, and a general discussion of current risk management practices.  

Unit Two: Risk Assessment
The purpose of this unit is to enable readers to develop an appreciation for the governing concepts and practices of systematic, organisation-wide assessment. To that end, Unit Two will begin with the development of an assessment framework that is based upon the ERM concept. This will be followed by a discussion of identification methodologies. The balance of Unit Two will be devoted to a discussion of risk analysis basics and applications, and to a presentation of risk measurement principles. 

Unit Three: Risk Control
The purpose of Unit Three is to work within this broad definition to provide a focused discussion of core risk control measures; a discussion that will offer insights as to the specific contribution of risk control to overall management efforts.

Unit Four: Risk Financing
Unit Four focuses on the development of an overall framework for understanding the wide array of financing mechanisms now available. Key terms and concepts such as ‘insurance’, ‘self-insurance’, and ‘pooling’ are introduced and compared, as are emerging methods for handling financial risks. General goals and objectives of risk financing also are discussed.

Unit Five: Risk Management Programme Administration
The focus of Unit Five is on the effective design and implementation of risk management practices within organisations. The unit begins with a discussion of risk management mission statements, goals and objectives. It then turns to programme design and implementation. Finally, the unit deals with several key management challenges; risk communications, contract management, procurement of broker and insurer services, and programme audit tactics.