Foundations of Risk Management

In this course, you’ll learn the basics of the principles of the risk management process, beginning with an enterprise-wide perspective of risk. Through the course, you’ll become familiar with best practices for risk identification, as well as common risk identification and analysis tools and techniques. The course also addresses other important financial risks such as capital investment and liquidity so that upon completing this course, you’ll have a solid foundation for assessing the entire spectrum of risks to a business.

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Foundations of Risk Management topics include: 

  • Risk registers
  • Risk mapping
  • Global risk management standards
  • How governance and control affects risk management
  • Risk oversight, monitoring, and assurance

Course grads will be able to: 

  • Use risk assessment techniques to identify business exposure to accidental risks
  • Develop risk management processes
  • Justify the implementation of risk management processes to management

Foundations of Risk Management Course Fee:

The fee for Foundations of Risk Management is $850 plus applicable tax.

This fee does not include the cost of textbooks. Textbooks are purchased separately from the University of Toronto Bookstore (or you can source your textbook locally/online). International students pay an additional fee of $125 plus 5% GST per course. There are no refunds issued for courses taken directly through CITT once your registration and payment has been received and processed.

Foundations of Risk Management Course Materials: 

Title: CRM-54 Risk Management Principles and Practices (3rd Edition) Author(s): Michael W. Elliott,ISBN: 978-0-89462-265-6 Publisher: American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America Title Risk Management Principles and Practices, CRM 54 3rd Edition GRMI Course Guide ISBN: 978-0-89462-264-9

Available through the University of Toronto Bookstore 

Foundations of Risk Management Course Work and Final Exam:

Course work for Foundations of Risk Management includes a series of assignments which are due throughout the semester.

Your Foundations of Risk Management exam will be held at an exam centre local to you—the University of Toronto coordinates exam centres across Canada, and internationally when necessary. Exam dates cannot be changed. Visit the Key Dates page to see exam dates for upcoming semesters as they are scheduled.

Learning Assessment and Grades

Grades are reported as Honours, Pass, or Fail. To obtain a Pass, learners must obtain a minimum grade of 50%. To achieve Honours, learners must earn a total grade of 80% or higher.

Questions about Foundations of Risk Management or the CCLP program of study and professional designation?

Click here to download the PDF guide to CITT courses and the CCLP designationDownload your free copy of our PDF guide for a complete overview of CITT courses and the CCLP designation.

You can also visit our FAQ section for answers to the most commonly asked questions that have helped thousands of supply chain and logistics professionals decide to enrol and start deepening and demonstrating their logistics and supply chain expertise with CITT and the CCLP program of study and professional designation.

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