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Fundamentals of Risk Management


Risk management is important in any organisation because without it, a firm cannot possibly define its objectives for the future. If an organisation plans without taking the risks into consideration – chances are that it will lose direction as soon as any of these risks hit home.

Risks can come from various sources including uncertainty in financial markets, threats from project failures, legal liabilities, accidents, natural calamities, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.

The primary goal of this course is to engage students & professionals in fundamental building blocks of risk management framework and principles. It is designed for the learner with no previous knowledge of risk management. Furthermore, it explains why and how a business manages its risks on an enterprise basis.

After the completion of this course, Learners will be acquainted with the tools and techniques, and the process of planning and implementation of a risk management program. It is intended to equip them to function well in a business environment along with developing an awareness of the challenges in a risk framework.



After completing this course, you will be able to:

  • Equip learners with a comprehensive perspective on risk management concepts, tools and techniques.
  • Develop analytical and integrative thinking in understanding and implementing the risk management practices.
  • Practice communication skills entwined with risk management topics.
  • Prepare readers in applying Risk Management principles in their professional life.


  • Module 1 – Introduction & Conceptual Framework of Risk
  • Module 2 – Universe of Risks
  • Module 3 – Risk Management
  • Module 4 – Risk Identification
  • Module 5 – Risk Analysis and Evaluation
  • Module 6 – Risk Mitigation and Monitoring
  • Module 7 – Emerging Trends in Risk Management
  • Certification Exam/ Assessment



Honors Badge


  • Entrepreneurs interested in realizing their business ideas on the risk management;
  • Managers;
  • Software Professionals;
  • Company Executives;
  • Professionals in any field;
  • Government Officials;
  • Lawyers;
  • Students; and
  • Anyone interested in obtaining a broad overview of risk management.

Level: Beginners

Language : English

Duration: 6 Months


Progress will be tested by way of quizzes and assignments at the end of each Module. Learners must attempt the exam at the end of the course and secure at least 50% marks to obtain course certificate.

About the Author

Deepali Kharbanda with inputs from Gaurav Jain. Deepali is an alumnus of Faculty of Law, Delhi University, and currently working as Faculty and Senior Legal Editor at LawSkills. She brings on board 10 years of extensive experience and specializes in the field of law and technology, commercial laws and policy. Gaurav has 12 years of experience in the risk management domain. He has completed his international PG Diploma in Risk management from IIRM Hyderabad (Institute of Insurance & Risk Management) and M.com from Delhi University; also he is a Certified Fraud examiner from Association of Certified Fraud Examiner, USA. Presently, he is working as a Chief Risk Officer for Bajaj Capital Ltd, a leading financial services company in India.

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