Risk management
Risk management

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

Free course

Risk management

2.1 The role of risk assurance

A key question that needs to be asked of any system, not least a risk management system, is, ‘How do you know it works?’

A variety of different approaches can be taken. For example, you could ask:

  • Is the risk level reducing?
  • Are the internal controls being audited and attested to?
  • Is risk training being completed?

Some people go further by measuring maturity while others measure the nature and impact of incidents that have occurred.

There is no right or wrong answer as long as you know your risk management system works and you can prove it. One way that organisations offer this proof is via a three lines of defence approach.


Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371