2921 - Foundations of Risk Management
Course Description
This course introduces you to the risk management process. It starts with an enterprise-wide perspective on risk, then examines risk identification and analysis tools and techniques, including risk registers and risk mapping. You'll learn about risk management standards and guidelines worldwide, as well as other important financial risks such as liquidity and capital investment. Risk oversight, monitoring and assurance are discussed from the perspective of governance and control.
Learning Outcomes
- Understand the nature, purpose and steps involved in risk management.
- Identify and analyze exposures to accidental risks and business losses.
- Develop skills in describing, analyzing and applying alternative risk management techniques.
- Acquire expertise in developing, justifying and applying rules to risk management situations.
Notes
Need PMI Professional Development Units (PDUs) to maintain your PMP and other certifications? Click here to learn more about PMI Professional Development Units.
NEW for March 2026 – Fast-track your learning! Section 209 of 2921 Foundations of Risk Management is available in an accelerated course delivery format. Experience the same valuable content, expert insight and knowledge in a shorter timeframe.
This course is recognised by the following association(s). Click on the association name for details.
This course may be applied towards the SCS Certificate(s) in
- Enterprise Risk Management : Required
- Risk Management : Required
Steve Paras has been serving the insurance industry for over 20 years. He is currently a Compliance Auditor for BFL Canada, a leading brokerage and risk consulting firm. Steve provides support to brokers through training initiatives, content development, and research of regulatory bodies such as RIBO, and FSCO fulfilling BFL's corporate mandate. He is active in presenting highly relevant industry topics through workshops and seminars. Steve was previously employed as a Manager for an environmental firm overseeing contractors’ health, safety, and insurance requirements requested by prominent property management companies across Canada.