Accredited Level 3 Diploma in Risk Management

diploma in risk management level 3

Accredited Level 3 Diploma in Risk Management


This  Level 3 Diploma in Risk Management

  • Will Tech you Many and varied skills that underpin risk management.
  • Learn The theoretical perspectives of risk management.
  • Will enhance careers in the wider field of management settings.
  • The Diploma units use a core textbook/reader which each student should obtain.
  • Students will have an opportunity to study aspects of risk theory and practice that is current and informs good risk management practices, of which planning and foresight is a key part.
  • Encourages students to: develop their interest in, and enthusiasm for,
    a rigorous study of their subject at a specialist level and explores the core
    theories and their application in business settings.


Course Features

This course has several features:

  • To develop an understanding of risk management theory and practice
  • To treat the subject as a professional discipline, providing the academic knowledge, understanding and skills appropriate for specialist study.
  • To teach students’ an enquiring, reflective and critical approach to the study of risk management and its many aspects.
  • To encourage students’ to reflect on their own professional practice, the norms, perceptions, values and opinions in the light of their study.





Unit 1: What is Risk Management?

In this unit, introduces students to the concept of ‘Risk Management (RM)’; considering the background, type, development and change, guidelines, frameworks, action, prevention and competences.

Unit 2: The Individual as Risk Manager

The unit explores with the help of case studies how to be a successful risk manager. What are the features of good practice, planning and strategies?


Unit 3: Risk Structure and Environment, RiskSE

The unit continues to build on the themes of unit two. Using the course reader we consider the notion of Risk Structure and Environment (RiskSE) – how to assess; record; action plan; support, implement and secure potential risk management as a core strategy in any given business.


Unit 4: Managing Risk Processes

This unit helps the student explore how the risk process should be managed. This is aided by case studies from the course reader to inform and guide learning.


Unit 5: Managing Risk Projects

The ‘day to day’ management of a risk project”: a risk project is one that may override budgets; deadlines; and other strategic factors. The unit enables students’ to explore how to strategise, network and communicate risk factors with the core aim of securing the risk factors.


Unit 6: Managing Risk Diversity (MRiskD)

A business needs to manage risk beyond its own setting. This may include: impacting legislation; EU regulations; global trends and threats. Whatever the business, diversity is a crucial aspect of risk management. The core text is used to explore these aspects.


Unit 7: Risk and Change

The unit explored the two core elements of managing risk. The risk factor might be local but the looming change in legislation or compliance regulations might be a threat that is a risk to business practice should the organisation fail to plan and manage for this new risk.


Unit 8: Quality and Risk

Whatever the size or shape of the business; quality in all aspects of product or service provision is important. Using the quality and risk axiom “If you cannot size it, you cannot measure it, and if you cannot measure it, you cannot improve it” the unit explores how understanding this conundrum is if understood, vital risk management strategy.


Unit 9: Audit and Risk

This unit explores how the important feature of auditing risk assists in ensuring good practice and outcome. Hindsight is a wonderful leveller of business risk – but auditing is a tool that provides strategic vision and focus on risk factors and solutions.


Unit 10: Ethics and Risk

In this final unit we explore how managing risk should be considered as an ethical process. If the risk will cause harm or difficult consequences – is the risk worth taking? This is the ethical dilemma that businesses face. Examples from banking, commerce and industry will be explored in the unit.



The coursework is assessed through continuous assessment with no formal exit examinations.



The course has TWO Tutor Marked Assignment (TMA); which are graded: Pass or Fail. 1 at the end of units 5 & 10.


Study Hours (Per Unit)

Approximately: One Hundred and Twenty (120) hours of personal study time, which is supported by the ODL Course Tutor, but we greatly encouraged students to access support from their tutor throughout the course.



The whole course MUST be completed and both assignments graded PASS to gain the “Oxford Learning College Level Three Diploma in Risk Management”

Course Fee:

£850    Fees can be paid by installments.


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