RiskBench

The RiskBench Curriculum is designed to give students the materials, tools, and resources they need to successfully manage risk within an organization.  Risk can occur at anytime within an organization; external forces can also bring risk to a company.  The student should understand how to use the principles and techniques of risk management to treat these risks, whether by mitigating or eliminating them.

RiskBench provides the interested student who desires to become a Risk Management Professional in an advanced series of Risk study based on the ISO 31000 Risk management standard. 

Curriculum Format

Based on 13 hours of participation per week Interaction with facilitator Participation in webinars 144 hours of activities

Time Restrictions

77 days

Job Description

A risk management professional works to assess and mitigate potential risks that could prevent the company from achieving its main goals and objectives. The risk management professional identifies, assesses, and evaluates risks. Once these risks have been analyzed, the risk management professional selects and implements risk treatments designed to mitigate or eliminate the risk. A reviewing process helps the risk management professional to determine if the risk treatment successfully treated the risk without harming existing organizational processes. The risk management professional continuously reviews the risk management system and makes improvements that match changing company objectives and goals. He or she also works with company leadership to improve risk-based decision-making and thinking.

Curriculum Purpose

The purpose of the RiskBench Curriculum is to provide a set of guidelines that individuals such as stakeholders, risk analysts and managers, process managers, auditors, independent practitioners, multiple professionals and organizations can use to systematically manage threats and risks.

Curriculum Scope

The RiskBench curriculum provides principles and guidelines on risk management, based on the ISO 31000 Risk Management Standard. The curriculum is designed to address systematic identification, assessment, and mitigation of risks and the effects these risks can have within an organization, regardless of its size or sector. Following a series of introductory courselets that provide the individual with a set of core business skills, the courselets address what steps risk owners should take when they encounter risks within the workplace, how the risk framework can be developed, how to assign ownership and responsibility to managers, how to embed the risk management framework throughout the organization, and stress the importance of creating uniform risk criteria to make it possible for all employees to be involved with organizational risk management.

Prerequisites

ProficiencyBench Courselets: Ethics, Goal Setting, Time Management, Stress Management, Communicate Clearly, Effective Writing Skills, Business Presentations & Skills, Effective Meeting Skills, Decision Making & Problem Solving These courselets can be taken as part of the ProficiencyBench Curriculum or as CEUs

Certificate requisites

Academic: To fulfill the academic requirements of the curriculum, students must complete the curriculum with all courselets and satisfactorily complete six lab assignments. Lab assignments are designed to assess student understanding of specific learning outcomes of the RiskBench curriculum. Certificate issuance: To be issued a certificate with the designation of Risk Management Professional, a student must complete all the academic requirements and pass two comprehensive Risk Management exams. Certificate maintenance and use: Designations and acronyms appointed to certificate holders are identified on the certificate and the individual profiles in the alumni directory. Each certificate has a unique serial number which is monitored by the CBA Education Administrator. Obtained designation and associated acronyms can be used to signify that the individual has obtained and maintains a valid certificate in the area of Risk Management. The designation and acronym Risk Management Professional™ (RMP) can be used in CVs, on business cards and websites by the certificate holder only. Certificate is not transferrable to another person or company. The designation and acronym can only be used while the certificate is valid. When certificate is invalidated for any reason, the person can no longer use the designation and acronym. Certificate term of validity is two years. In order to maintain the certificate, a student must obtain 20 PDUs or 2 CEUs (20 hours of continuing education) over a 24 month period. If the student fails to acquire sufficient continuing education, the certificate is invalidated.

Completion requirements

Study course materials Pass all knowledge checks, labs and exams

Certificate

Student will receive Certificate of Completion upon completing the academic requirements of the RiskBench Curriculum. Student will also be Awarded a certificate upon completing the Risk Management Professional exam. Certificate is available for download upon completion.

Designation and Acronym Granted

“Risk Management Professional”™ - RMP

Technical Requirements

For hardware, we recommend a dual-core CPU with at least 2G of memory. We recommend any operating system capable of running the latest versions of Google Chrome and Mozilla Firefox 5.x and later. For browser, we recommend running either Mozilla Firefox 5.x and later or Chrome. Why? Both browsers provide excellent support for web real-time communications (WebRTC). Safari 5.x and later, Internet Explorer 10.x and later, and Microsoft Edge will work as well, but Chrome and Mozilla Firefox 5.x and later will deliver better audio in lower bandwidth conditions.

Information Regarding Changes to the Certificate Program

The Center for Business Acceleration will strive to deliver its courselets and curriculums in accordance with the descriptions provided on the CBA website at the time of enrollment. However, in some situations it might be beneficial or necessary for the CBA to implement changes to courselets or curriculums. The changes will not be very substantial so as to have impact on students who have already started their courselet or curriculum. In some circumstances where it is necessary for the CBA to implement such changes after enrollment due to developments in the relevant subject, advances in teaching or evaluation practice, or requirements of accreditation processes, students will be notified of the changes made to courselets or curriculum immediately.

APPROXIMATE COMPLETION TIME:LEARNING OUTCOMES:PDU AND CEU:REQUIRED MATERIALS:GRADING/PERFORMANCE MEASUREMENT:

84 contact hours
60 lab hours
144 total hours

11 weeks
  1. Examine prerequisites for necessary risk management skills.
  2. Identify the basis of the risk management system.
  3. Identify the benefits of risk management relationships.
  4. Implement risk-based thinking within the organization.
  5. Describe the importance of business leadership in risk management.
  6. Outline and follow vital risk management principles.
  7. Design a risk management framework.
  8. Create an organizational risk management policy.
  9. Define what accountability means within the risk framework.
  10. Integrate the framework with existing organizational processes.
  11. Assess the organizational performance of the framework.
  12. Internally communicate risk objectives to the company.
  13. Externally communicate risk objectives to stakeholders and investors.
  14. Implement the risk management framework.
  15. Implement the risk management process.
  16. Monitor and review the changed risk management framework.
  17. Continually improve the risk management framework as the company grows and changes.
  18. Conduct risk management interviews.
  19. Establish the context of the risk management process.
  20. Define the criteria for determining a successful risk treatment.
  21. Measure the impact of risk on organizational performance.
  22. Discover and implement the most appropriate risk treatment options.
  23. Select the most appropriate risk treatment options.
  24. Prepare and implement the selected risk treatment option.
  25. Record the results of the risk management processes.
  26. Conduct regular audits of the risk framework.
144 PDU
14.4 CEU

Prerequisite Courselets (Ethics, Goal Setting, Time Management, Stress Management, Communicate Clearly, Effective Writing Skills, Business Presentations & Skills, Effective Meeting Skills, Decision Making & Problem Solving), RiskBench Courselets, ISO 31000:2009 Risk Management – Principles and Guidelines; RiskBench Book 1: A Guide to The Risk Management Framework; RiskBench Book 2: A Guide to Implementing Risk Management.

A      94
A-     90
B+    87
B      84
B-     80
C+    77
C      74
C-     70
D+    67
D      64
D-     60

APPROXIMATE COMPLETION TIME:

84 contact hours
60 lab hours
144 total hours

11 weeks
LEARNING OUTCOMES:
  1. Examine prerequisites for necessary risk management skills.
  2. Identify the basis of the risk management system.
  3. Identify the benefits of risk management relationships.
  4. Implement risk-based thinking within the organization.
  5. Describe the importance of business leadership in risk management.
  6. Outline and follow vital risk management principles.
  7. Design a risk management framework.
  8. Create an organizational risk management policy.
  9. Define what accountability means within the risk framework.
  10. Integrate the framework with existing organizational processes.
  11. Assess the organizational performance of the framework.
  12. Internally communicate risk objectives to the company.
  13. Externally communicate risk objectives to stakeholders and investors.
  14. Implement the risk management framework.
  15. Implement the risk management process.
  16. Monitor and review the changed risk management framework.
  17. Continually improve the risk management framework as the company grows and changes.
  18. Conduct risk management interviews.
  19. Establish the context of the risk management process.
  20. Define the criteria for determining a successful risk treatment.
  21. Measure the impact of risk on organizational performance.
  22. Discover and implement the most appropriate risk treatment options.
  23. Select the most appropriate risk treatment options.
  24. Prepare and implement the selected risk treatment option.
  25. Record the results of the risk management processes.
  26. Conduct regular audits of the risk framework.
PDU AND CEU:
144 PDU
14.4 CEU
REQUIRED MATERIALS:

Prerequisite Courselets (Ethics, Goal Setting, Time Management, Stress Management, Communicate Clearly, Effective Writing Skills, Business Presentations & Skills, Effective Meeting Skills, Decision Making & Problem Solving), RiskBench Courselets, ISO 31000:2009 Risk Management – Principles and Guidelines; RiskBench Book 1: A Guide to The Risk Management Framework; RiskBench Book 2: A Guide to Implementing Risk Management.

GRADING/PERFORMANCE MEASUREMENT:

A      94
A-     90
B+    87
B      84
B-     80
C+    77
C      74
C-     70
D+    67
D      64
D-     60

Purchase the curriculum which includes all courses
$3,450.00