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Risk Management in Practice

Improve your ability in calculating and measuring risks, focusing on key pitfalls.

Risk Management in Practice
  • Duration2 weeks
  • Weekly study8 hours

Discover how the risks we take can be precisely measured

Alongside taking decisions, we need to be able to manage the risks inherent in the decisions we make. This short course takes a closer look at risk management.

We will explore and apply a number of techniques that can help us manage risk and deal with unexpected change. We will also explore some of the cognitive biases and heuristics that might hinder effective risk management.

What topics will you cover?

  • Risk management: how do we perceive risk?
  • Quantitative techniques for risk management
  • Biases and heuristics
  • Dealing with change and unexpected events

What will you achieve?

By the end of the course, you‘ll be able to...

  • Explain how different biases and heuristics affect how perceive risk
  • Calculate the expected monetary value of decisions take
  • Apply the utility and value functions to calculate risk versus benefit
  • Explain ways to deal with change and unexpected events

Who is the course for?

This course is for anyone wishing to increase their knowledge of decision-making and risk within a modern enterprise graduate students.

Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.

Who will you learn with?

I am an Associate Professor of Business Strategy, Editor in Chief for Journal of Marketing for Higher Education, and Principal Fellow of HEA. I hope you will enjoy our learning journey for this module

Who developed the course?

Coventry University

Coventry secured gold in the UK Government’s 2017 Teaching Excellence Framework (TEF) and is University of the Year for Student Experience in The Times & The Sunday Times Good University Guide 2019.

  • Established1992
  • LocationCoventry