NEBOSH IIRSM Certificate in Managing Risk

Element 1 Principles of risk and risk management
1.1.1 Recognise different definitions of risk
1.1.2 Understand the common themes across different risk definitions
1.1.3 Recognise positive consequences of risk
1.1.4 Distinguish between uncertainty, risk, and hazard
1.1.5 Identify uncertainty using credible sources of information
1.1.6 Recognise the value of information
1.1.7 Identify and classify types of risk
1.1.8 Understand the principles of risk management

Element 1 Principles of risk and risk management - Cont.
1.2.1 Describe experimental and personality-based approaches to risk psychology
1.2.2 Appreciate why people think and act differently
1.2.3 Describe the benefits of diverse thoughts on risk
1.2.4 Demonstrate how human thought influences decision making
1.2.5 Understand how behavioral economics can influence decision making
Element 2 The risk management process 
2.2.1 Understand the importance of scope in the risk management process
2.2.2 Recognise the impact/influence of external factors on the objectives of an organisation
2.2.3 Understand the PESTLE model and how it can be used to identify opportunities and threats
2.2.4 Describe how Porter’s Five Forces Model can be used to explore external/internal factors

Element 2 The risk management process -Cont. 
2.2.5 Analyse the impact of internal factors on the objectives of the organisation
2.2.6 Conduct a stakeholder analysis
2.2.7 Apply the SWOT model to better understand an organisation’s internal and external factors
2.2.8 Understand the importance of risk appetite in the risk management process
2.3.1 Describe the separate elements of risk assessment and common tools and techniques used
2.4.1 Apply different risk treatment strategies
2.5.1 Understand the purpose and features of the recording and reporting of risks and their importance
2.5.2 Describe the types of risk information that should be recorded and why
2.6.1 Explain when to communicate and consult on risk management and why

Element 3 The risk management framework – Cont.
3.1.1 Understand the risk management framework
3.1.2 Understand why risk management is an integral part of decision-making and explain how the risk management framework should be integrated into organisational functions and processes

Element 3 The risk management framework – Cont.
3.1.3 Understand the purpose of management standards and the role of risk champions in an organisation
3.2.1 Understand the relationship between risk culture, risk management culture, and organisational culture
3.2.2 Identify techniques to monitor and develop risk management culture
3.3.1 Understand the key features of Business Continuity Management (BCM) and Crisis Management (CM) and their relationship with risk management
Assessment:

• Your knowledge and understanding of the syllabus are tested by an onscreen multiple-choice examination.
  
• This assessment is available on-demand, which means once you have completed the eLearning course, you can attempt the assessment at any time and will receive your results immediately. If you pass, you will be awarded a NEBOSH IIRSM Certificate in Managing Risk and will be able to print off your certificate straight away.