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CMI 708 Strategic Risk Management

  • March 1, 2023
  • Posted by: Scarlett
  • Category: CMI Level 7
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CMI 708 Strategic Risk Management
CMI 708 Strategic Risk Management is a course designed to equip students with the knowledge and skills required to manage risks effectively in a strategic business context. This course focuses on the critical role of risk management in driving business performance, enhancing resilience, and promoting sustainable growth. Through this course, students will develop an in-depth understanding of the principles, tools, and techniques used to identify, assess, mitigate, and monitor strategic risks in complex and dynamic environments. The course covers a range of topics such as risk governance, risk appetite and tolerance, risk culture, risk analysis, risk treatment, risk monitoring and reporting, and risk communication. By the end of this course, students will be able to apply their knowledge to real-world scenarios and develop effective risk management strategies that align with the strategic objectives of the organization. This course is particularly relevant for those aspiring to senior management roles or seeking to enhance their career prospects in the field of risk management.

Aims of unit 

The ability to lead strategic risk management effectively is crucial in protecting an organization’s prosperity and reputation. Leaders play a critical role in identifying and mitigating risks and must possess the knowledge and skills to develop and lead risk management strategies that not only react to organizational needs but also contribute to organizational success. The aim of CMI 708 Strategic Risk Management is to equip leaders with an in-depth understanding of strategic risk management within an organizational context. Through this course, leaders will critically appraise strategic risk, evaluate risk management strategies, and develop the leadership skills necessary to successfully lead risk initiatives. Ultimately, leaders will have the opportunity to create a framework for delivering a risk strategy that aligns with the organization’s goals and objectives. With the knowledge and skills gained through this course, leaders will be able to confidently navigate complex and dynamic environments, making informed decisions that enhance resilience and promote sustainable growth. The importance of effective risk management cannot be overstated, and the knowledge and skills gained through this course will be invaluable in safeguarding an organization’s success both in the short and long term.

What you’ll learn

CMI 708 Strategic Risk Management is a course that aims to teach students about the various types of risks that organizations face and how to manage them strategically. Some of the key topics that students will learn about in this course include:
  1. The concept of risk management: Students will learn about the fundamental principles of risk management and why it is important for organizations to identify and manage risks.
  2. Types of risks: Students will be introduced to the different types of risks that organizations face, including operational, financial, strategic, reputational, and regulatory risks.
  3. Risk assessment and analysis: Students will learn about the different methods of assessing and analyzing risks, such as risk mapping, scenario analysis, and stress testing.
  4. Risk management strategies: Students will study various risk management strategies, including risk avoidance, risk mitigation, risk transfer, and risk acceptance.
  5. Risk monitoring and reporting: Students will learn how to monitor and report on risks within an organization, including the use of key performance indicators (KPIs) and risk dashboards.
  6. Risk culture and governance: Students will explore the importance of developing a risk-aware culture within an organization and the role of governance in managing risks.
  7. Emerging risks: Students will be introduced to emerging risks, such as cyber risks, climate risks, and geopolitical risks, and how organizations can manage these risks.
Overall, the course is designed to provide students with a comprehensive understanding of strategic risk management and equip them with the skills to identify, analyze, and manage risks effectively within an organization.

Learning outcome

Upon completion of CMI 708 Strategic Risk Management, students will be able to:
  • Understand various strategies for managing risks effectively
  • Demonstrate the ability to develop risk management strategies that align with organizational goals and objectives.

How can we help?

CMI assignment help can assist students in completing CMI 708 assignments in several ways. Here are some of the ways in which CMI assignment help can be useful:
  1. Expert guidance: CMI assignment help providers have subject matter experts who are well-versed in strategic risk management. These experts can provide students with guidance and advice on how to approach assignments and answer questions related to the course material.
  2. Customized solutions: CMI assignment help providers can provide customized solutions to assignments based on the specific requirements and guidelines provided by the instructor. This ensures that the assignments are tailored to the needs of the individual student.
  3. Timely delivery: CMI assignment help providers can deliver assignments within the given deadline, ensuring that students do not miss their submission deadline.
  4. Plagiarism-free work: CMI assignment help providers ensure that the assignments delivered are original and free from plagiarism. This ensures that students do not face any issues related to academic integrity.
  5. Revision and proofreading: CMI assignment help providers offer revision and proofreading services, which can help students improve the quality of their assignments and ensure that they meet the required standards.
Overall, CMI assignment help can be a valuable resource for students who require assistance with completing their CMI 708 assignments. It can help them achieve better grades and gain a deeper understanding of the course material. Resources
  • Baxter, K. (2010). Fast Track to Success: Risk Management. Prentice Hall. 
  • Bernstein, P. L. (1996). Against the Gods: The Remarkable Story of Risk. Chichester, NY: John Wiley & Sons. 
  • Chapman, C. and Ward, S. (2003). Managing Project Risk and Uncertainty – A Constructively Simple Approach to Decision Making. 
  • Christensen, C.M. and Overdorf, M. (2000). Meeting the Challenge of Disruptive Change. Harvard Business Review, March–April 2000. 
  • Hopkin, P. (2012). Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management, 2nd Ed. London: Kogan Page. 
  • Hubbard, D. W. (2009). The Failure of Risk Management: Why it’s Broken and How to Fix it. Chichester: John Wiley & Sons.
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