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Risk Management in Financial Management
Learn about the different financial risks and regulatory procedures that businesses navigate.Preview the first lesson free — get full access to all 5 lessons.
Intermediate Provider : Joel DiCicco 5 Lessons · 15m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
It is impossible to completely avoid risk, but there are many steps that can be taken and tools to evaluate your company’s potential investment activities. This course helps businesses understand what risks are specific to them, or unsystematic risks, and what risks affect the entire market, or systematic risks. Your business will also face scheduling risks like inflation, scope creep, financial risks, and unrealistic figures.
Avoiding scheduling risks can help businesses cut costs from factors like inflation and unrealistic figures, as well as keeping other factors like scope creep in mind. If these factors negatively influence a project, the project timeline can become delayed and potentially unable to be completed. Financial risks can come from poor investments, which could have a negative effect on the company’s bottom line, so managers want to look for and incorporate sound investment strategies. This course will also break down some of the most common regulatory compliance issues to be aware of like data privacy and sharing and cybersecurity regulations. Getting familiarized with these regulatory compliance topics will help your business remain in compliance with state and federal regulations.
What You'll Learn
- Identify systematic and unsystematic risks affecting a business and the market
- Understand financial management risks and their impact on a company's bottom line
- Recognize financial management scheduling risks such as inflation, scope creep, and unrealistic figures
- Learn regulatory compliance rules and regulations, including data privacy, data sharing, and cybersecurity
- Evaluate a company's potential investment activities using available tools and sound investment strategies
Key Takeaways
- Risk cannot be completely avoided, but steps and tools exist to evaluate a company's potential investment activities.
- Unsystematic risks are specific to a business, while systematic risks affect the entire market.
- Scheduling risks like inflation, scope creep, and unrealistic figures can delay or prevent completion of a project timeline.
- Financial risks can stem from poor investments, so managers should look for and incorporate sound investment strategies.
- Familiarity with regulatory compliance topics like data privacy, data sharing, and cybersecurity helps a business stay compliant with state and federal regulations.
Frequently Asked Questions
What types of risk does this course cover?
The course covers systematic risks that affect the entire market and unsystematic risks specific to a business, as well as financial management risks, scheduling risks, and regulatory compliance issues.
What scheduling risks does the course address?
It addresses scheduling risks such as inflation, scope creep, financial risks, and unrealistic figures, which can delay a project timeline or make it unable to be completed.
What regulatory compliance topics are included?
The course breaks down common regulatory compliance issues such as data privacy and sharing and cybersecurity regulations to help a business remain in compliance with state and federal regulations.
What lessons are included in this course?
The course includes Introduction, Kinds of Risks in Financial Management, Financial Management Scheduling Risks, Regulatory Compliance, and a Test Your Knowledge assessment.
Who is this course for?
It is designed for businesses and managers who want to understand the risks specific to their company and the market, and incorporate sound investment strategies.
Professional Certifications and Continuing Education Units (CEUs)
Project Management Institute (PMI®)
Professional Development Units (PDUs): 0.5
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