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Risk Management in Practice

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

Risk Management in Practice
  • Duration

    2 weeks
  • Weekly study

    8 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

Learning on this course

You can take this self-guided course and learn at your own pace. On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

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.

  • Established

  • Location


Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps, but you can complete them as quickly or slowly as you like
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control

Want to know more about learning on FutureLearn? Using FutureLearn