Risk Management
Refreshed October 2025 | CPD time: 1 Hour 30 Minutes
According to Harvard Business School, risk management is the systematic process of identifying, assessing, and mitigating threats or uncertainties that can affect your organisation. It involves analysing risks’ likelihood and impact, developing strategies to minimise harm, and monitoring measures' effectiveness. This module defines risk, assesses the different categories a firm could face, and examines the key steps in the risk management process and the three lines of defence model.
1. Introduction
2. Risk Categorisation
3. The Risk Management Process – Part 1
4. The Risk Management Process – Part 2
5. Three Lines of Defence Model
Module Test