Analysing risk for decision making
Analysing risk for decision making sets out to provide the requisite knowledge, understanding and skills to establish a deep understanding of the risk analysis within decision making.
This module seeks to provide knowledge, understanding and skills to apply tools to proposed investment opportunities. As such it sets out to develop skills in a range of areas which contribute to the construction of a robust business case which demonstrates that key risks have been identified, analysed and evaluated. Decisions concerning significant allocation of organisational funds to internal and/or external investment opportunities must be based on robust business cases. That robustness demands identification of key risks, and an evaluation of the likelihood of such risks arising and their potential impact on successful investment.