Unit code: M/650/5657: Strategic Risk Management

RQF level: 7

Unit Aim

This unit aims to introduce learners to the critical examination of strategic in relation to the setting and continuous improvement of performance standards; the establishment and maintenance of an effective system of risk management; all aspects of risk management are considered including, but not limited to, health and safety, environmental and security; planning and alignment of risk objectives with other corporate strategy.

Learning Outcomes, and Assessment Criteria

Learning Outcomes When awarded credit for this unit, a learner will:	Assessment Criteria Assessment of this learning outcome will require a learner to demonstrate that they can:
1. Understand the nature of strategy risk and the different types of strategy risk.	1.1 Define strategy risk in an organisational context. 1.2 Evaluate an organisation’s primary strategy risks. 1.3 Evaluate the impact of strategy risks on a business.
2. Understand how to review an organisation’s strategy and risk plans.	2.1 Explain the significance of reviews of the development of an organisation’s strategy and risk plans. 2.2 Evaluate the methods that can be used to review an organisation’s strategy and risk plans and their suitability. 2.3 Analyse the competitive strengths and weaknesses of an organisation’s current business strategy and business plans. 2.4 Review the position of an organisation in its current market using appropriate tools.
3. Understand ethics and corporate social responsibility in risk management systems.	3.1 Analyse the STEP framework on risk management. 3.2 Assess contemporary challenges that affect CSR risk management systems. 3.3 Evaluate the implications for an organisation and its stakeholders if it does not function ethically.
4. Understand the development, implementation and role of business continuity planning with regard corporate strategy.	4.1 Assess an organisation’s sensitivity to a breakdown of continuity. 4.2 Evaluate the significance of doing a business impact analysis (BIA). 4.3 Assess approaches to crisis management and business continuity planning with regard to corporate strategy.