Risk Analysis & Management
UCC Executive Certificate Course
Start Date:
January 13, 2026
Duration:
13 weeks / 45 Hours
Time:
8:30 PM - 10:30 PM
Days:
Tuesdays
Application Fee:
$2,000 JMD (non-refundable)
Course Fee:
$47,000 JMD
Delivery Format:
Online
In this introductory course, students will obtain the tools used today
by corporations, nonprofit, and government agencies to manage risks. A systematic process will be learned to help students decide whether or not to retain or transfer an exposure to loss. Students will also examine the major concepts in risk identification, including risk mapping and quantifying losses and risk financing.
At the end of this course, students should be able to:
- Explain the meaning of risk.
- Discuss the purpose of risk management.
- Explain the meaning of specialist terminologies used in the discipline.
- Discuss the evolution and development of risk management.
- Discuss risk management concepts.
- Assess the cost of risks.
- Describe different types of risks.
- Identify seven proven risk identification methods.
- Do qualitative analysis of risk.
- Do quantitative analysis of risk.
- Use risk mapping strategies to determine extent of risk.
- Discuss the principles involved in risk control.
- Explain risk control techniques.
- Develop Property Risk Control techniques.
- Assess liability risk control.
- Identify Human Resource Risk Control techniques.
- Set up Net Income Risk Control methods.
- Carry out quantitative analysis of Risk Control Solutions.
- Carry out qualitative analysis of Risk Control Solutions
- Apply portfolio analysis procedures to risk analysis.
- Discuss the features of Retention Techniques.
- Identify non-insurance risk financing transfers.
- Explain the concept of captives.
- Discuss the principles of insurance.
- Discuss the elements involved in commercial insurance contracts.
- Carry out quantitative analysis of risk financing tools.
- Use information to make decisions under uncertainty.
- Outline the fundamental Business Decision Models.
- Apply analysis information to supporting risk decisions.
- Implement decisions arising from risk analysis.
- Analyze the effectiveness of risk monitoring activities.
- Apply Statistical Quality Control and Sigma principles to risk management.
- Judge the success or outcome of risk management applications.
- Develop Risk Maturity Models.
- Prepare Risk Management Reports for compliance.
This course is open-entry. There are no prerequisites for entry.
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