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Risk management
Risk management

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This course was written by Peter Ralph and Michael Lawrence of Rolls-Royce in collaboration with Martin Upton of the Open University Business School. The course was first published in November 2019.

The Open University would like to thank the Rolls-Royce team for their support in the production of the course.

Grateful acknowledgement goes to Sharpcloud, CGE Risk Management Solutions and AIM Commercial services for their contributions to the course.

Except for third party materials and otherwise stated (see terms and conditions [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] ), this content is made available under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 Licence.

The material acknowledged below is Proprietary and used under licence (not subject to Creative Commons Licence). Grateful acknowledgement is made to the following sources for permission to reproduce material in this free course:

Course image: Artyom_Anikeev /

Activity 1: Skydiving: Pixabay; Pexels; Horse riding: Anna Jokiranta; Pexels; Reading a book; Burst; Pexels; Saving money:; Pexels; Gambling: Pixabay; Pexels; Stock trading: Negative Space; Pexels; Water skiing: Pixabay; Pexels; Donkey ride: csfotoimages;; Rock climbing: photo by Jonathan Ouimet on Unsplash

Piper Alpha Timeline: Day of explosion: Trinity Mirror/Mirrorpix/Alamy Stock Photo;

Kodak Timeline: Little Visuals; Pexels

1884: GL Archive; Alamy Stock Photo; 1888: courtesy of George Eastman Museum; Denise Jans on Unsplash; 1891: Robert Cutts;; 1900: Cquoi; licenses/ by-sa/ 4.0/ deed.en; 1922: Denise Jans on Unsplash; 1925: taken from: memorial/ 38307810/ william-g_-stuber; 1969: photographer: Eric Long; (c) Smithsonian Institute;; 1975: eileen wang; licenses/ by-nc-sa/ 2.0/; 1976: Thistle33; licenses/ by-sa/ 4.0/ deed.en; 1984: Math; Pexels; 1994: Jared C. Benedict; licenses/ by-sa/ 3.0/ deed.en; 2004: Jared C. Benedict;; 2005: Metoc; licenses/ by-sa/ 2.5/ deed.en; 2012: Guy Solimano / Stringer

Video 3 / Rolls Royce Timeline: Music: Philip Guyler; Audio Network

1960: Douglas McFadd/Stringer; courtesy of The Boeing Company; Valeriy A. Vladimirov; 1965: courtesy of The Boeing Company; 1966: Pratt & Whitney; Jelson25; courtesy of The Boeing Company; Dirk Grothe; AirTeamImages Limited; 1967: Arnold Newman, White House Press Office (WHPO); taken from: wiki/ File:37_Lyndon_Johnson_3x4.jpg; taken from: wiki/ File:Rolls_Royce_RB.211_vl.jpg; 1971: Copyright © 2008, EBSCO; 1974: taken from: travel/ article/ airbus-a300-history/ index.html

Every effort has been made to contact copyright owners. If any have been inadvertently overlooked, the publishers will be pleased to make the necessary arrangements at the first opportunity.

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