When you complete this course, you will be able to:
Risk in business is the chance that future events or results may not be as expected. Many business decisions will involve an element of risk and uncertainty. This CPE course explores what risk is, and why a business would incur risk. It describes the risk management cycle as well as identifying and categorizing risks. Many organizations categorize risks into different types. The use of risk categorization can help with the process of risk identification and assessment. This course looks at business risk, risk management, as well as the TARA framework, transference, avoidance, reduction, and acceptance. In addition, it includes ethical issues as sources of risk, example of threats and safeguards, and the overall public interest.