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 News | November 21, 2008 |
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ECU introduces first online risk management course
ECU introduces first online risk management course
Edith Cowan University (ECU) has created Australia’s first fully online Strategic Risk Management course.
Risk is a fact of business life. Taking and managing risk successfully is part of what successful companies must do to create profits and shareholder value.
ECU’s Professor of Security and Risk, Narayanan Srinivasan, says many corporate failures have eventuated due to the company not managing risk well nor fully understanding the risks they were taking.
“Formulating a risk strategy is one of the most important activities a company can undertake, benefiting all of its investment and “business as usual” decisions,” he says.
“A sound risk strategy and associated governance, can make clear the types of risks the company can assume to its own advantage or is willing to assume to compete, the magnitude of the risks it can bear, and the returns it demands for bearing them.
“Defining these elements provides clarity and direction for business-unit managers who must align their strategies with the overall corporate strategy, while at the same time balancing risk-return trade-offs.”
The Graduate Certificate in Strategic Risk Management at ECU has been developed with thse issues in mind. In partnership with industry, the course is a practical, external course for mid-senior level Risk Professionals and Managers.
The course is industry focused, broad in scope and relevant to practitioners in the public sector or private enterprise.
It aims to provide participants with the knowledge and skills to formulate policies for the successful management of the diverse risk requirements of organisations.
Graduates of the course will possess an academic grounding in the field of risk, understanding of diverse enterprise applications, regulations and current international best practice.
The course is split into four key streams: Concept and Perspectives in Risk, Risk Analysis Architecture, Strategic Risk Integration and Contemporary Issues in Risk.
It is designed to fill the gap in the risk management education landscape that the business and government sector is calling for.
ends.
Media contact: Carrie Parsons (08) 6304 2288 or 0407 955 005.
A market leader in education for the service professions, ECU is Western Australia’s
second largest university with 21,500 students, three metropolitan
campuses and a regional campus in Bunbury.
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26 May 2006
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