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Apr 25, 2024
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SHM 554 - Risk Management Principles and Practices Description: An overview of risk management, categories of risk, the loss exposures an organization may face, and tools that safety/risk management professionals can use to determine the significance of a loss exposure to an organization. SHM 454 and SHM 554 are layered courses, a student may not receive credit for both. Course will be offered every year (Fall).
Prerequisites: Prerequisite: admitted into SHM MS program.
Credits: (4)
Learner Outcomes: Upon successful completion of this course, the student will be able to:
- Describe the concept of enterprise-wide risk management and the various risks faced by an organization.
- Identify and apply risk management standards and guidelines.
- Explain how ISO 31000 provides a framework and a process for an organization to manage its risks.
- Apply the enterprise-wide risk management framework and process to an organization’s hazard risk.
- Recommend techniques for identifying and mapping risk when given a description of a business operation.
- Demonstrate an ability to quantify risk through the application of statistical analysis techniques.
Learner Outcomes Approval Date: 4/18/19
Anticipated Course Offering Terms and Locations:
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