All organisations will face financial risk at some point and must evaluate potential losses and take action to reduce or eliminate such threats. Risk control is a technique that utilizes findings from risk assessments (identifying potential risk factors in a firm’s operations, such as technical and non-technical aspects of the business, financial policies, and other policies that may impact the well-being of the firm), and implementing changes to reduce risk in these areas.

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Risk Management Managers are required to make decisions in an environment that is often undergoing rapid change. Some of these changes are not within management control, but they must still be responded to if the organisation is to survive. Risk management is the process of managing your organisation's exposure to potential liabilities. It gives managers, staff, clients and other stakeholders the confidence to pursue their mission without the fear of legal action or harm, and approaches risk in a structured and calculated manner, rather than being haphazard. This course covers risk management, planning and evaluation