Study Guide

Objective

Having completed this study unit

- You have an overall understanding of risks, risk management and corporate security and their meaning in business.
- You recognize internal, external and international risks.
- You are able to identify and assess risks and are able to apply risk management tools.
- You recognise risk management as a crucial part of business management.
- You know regulations and ethical principles governing the safety of business and risk management.
- You know the importance of cyber security
- You know the effects of artificial intelligence in risk management
- You understand the role of communication in managing conflicts in organizations and you are able to communicate in crises.

Content

- risk management
- corporate security
- different types of risks
- risk assessment
- risk management plan
- risk management tools
- risk management regulation
- crisis communication

Assessment criteria, satisfactory (1)

Level 1
Risk Management and Crisis Communication
You recognise the basic terms and concepts of risks and risk management and corporate security and are able to identify business risks and apply with assistance risk management tools.
You recognize risk management as a crucial part of business management.
You are able to name regulations governing risk management and corporate safety.

Level 2
Risk Management and Crisis Communication
You understand terms and concepts of risks and risk management and corporate security and know business risks and apply risk management tools in a basic level.
You know risk management as a crucial part of business management.
You know regulations governing risk management and corporate safety.

Assessment criteria, good (3)

Level 3
Risk Management and Crisis Communication
You are able to evaluate the identified risks when using different risk management tools.
You understand risk management as a crucial part of business management.
You understand risk management and corporate security terms and regulation.

Level 4
Risk Management and Crisis Communication
You are able to analyze the identified risks and make conclusions when using different risk management tools.
You understand the meaning and role of risk management as a tool for acting proactively and securing the business.
You have a good understanding of risk management and corporate security terms and regulation.

Assessment criteria, excellent (5)

Level 5
Risk Management and Crisis Communication
You are able to critically analyze the identified risks and foresee the possible outcomes.
She/he is able to suggest proactive measures.
You have a holistic understanding of risk management.

Assessment criteria, approved/failed

PASS:
You understand the role of communication in managing conflicts in organisations and you are able to communicate in crises. You know the effects of artificial intelligence in risk management.