University of Mumbai's

Learning Outcomes

The course is designed to equip you with essential risk literacy and intelligence that transcends industries, roles, and responsibilities. Whether you're an aspiring professional, business leader, consultant, entrepreneurs or next-gen family business owner, this course is your gateway to mastering the art of problem solving and risk-based decision making. The entry-level course covers the identification and analysis of over 300 types of business risks including climate change, supply chain, human resources, cybersecurity, reputation, finance, ESG risks, and more. The curriculum empowers you with the theory and practice of enterprise risk management in-line with ISO 31000 standards, COSO framework, and industry best applications with a combination of case studies, applied exercises, and current affairs. The more deeply a risk-intelligent professional succeeds in influencing the organisation's entire culture, the greater their ability to influence how risks are identified and acted upon with the right mitigation strategies.

You will learn:

Who should enrol?

Don’t wait until you’re faced with a risk but learn how to manage it. Risk is no longer restricted to insurance or finance and hence students pursuing undergraduate or postgraduate education in any stream (technology, engineering, law, finance, business studies, entrepreneurship, marketing, and more) can enrol for this course in order to become risk-literate and risk intelligent thereby earning the global life skill with 2-credits under Academic Bank of credits (ABC).

Alumni of University of Mumbai working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professionals, employees) can also enrol for this Course to upskill and start a career in Enterprise Risk Management.

Registration and Study Process

Step 1: Register with GICED and complete fee payment. Registration link will be updated here on 15th October 2024.

Step 2: You will then get a 3-month access to the online learning portal from IRM India Affiliate where you can access study materials and also access the online portal and course videos at your own pace with 24/7 academic support through live chat.

Step 3: You will also receive a physical copy of the textbook at the provided address

Step 4: After 5 modules (1-5), you can appear for the internal online examination. Once you pass the internal examination the balance 5 modules (6-10) are activated and you can appear for the external online examination. The exams are conducted on an ongoing basis as soon as you complete online training. You have unlimited attempts to pass the examination within a period of 3 months. In case you pass BOTH the exams in the first attempt, your access to the online learning portal will lapse.

Step 5: Once you pass the internal and external examination, a marksheet will be generated by GICED as per the University academic schedule and 2 academic credits shall be granted under the Academic Bank of Credits.

Step 6: Candidates may then appear for the Supplementary Online Examination by the Institute of Risk Management (IRM, HQ:UK), India Affiliate for earning the IRM's Global Level 1 Certificate at an additional fee. Candidates will receive an email about the international certification process after passing the GICED internal and external examination.