Strategic, Operational, Environmental Risk Management

Catalog description

This course provides students with an in-depth analysis of the risks and the mitigation and management approaches related to an organization's business strategy and objectives; operational processes and systems, including outsourcing and use of third-party service providers; and environmental impacts and sustainability. Operational risk, which refers to the risk of loss resulting from inadequate or failed internal processes, people and systems, including technology, or from external events, will be examined, along with the controls and procedures that can be implemented to mitiate and manage such risk. Strategic risk will be examined related to an organization's strategy selection, execution, and modification over time that results in business objectives not being achieved. Also, environmental risk management and sustainability will be examined; this is a topic that is gaining increased attention and deals with the impacts to an organization from environmental incidents, and failure to use energy efficiently, protect the environment, prevent global warming, and portray social responsibility.