Unit DRM702 Strategic Risk Management (M/650/5657) Assignment Brief 2026

University	Qualifi Ltd
Subject	DRM702 Strategic Risk Management (M/650/5657)

Qualifi Level 7 Unit DRM702 Assignment Brief 2026

Qualification	Level 7 Diploma in Risk Management (610/2175/1)
Unit Reference Number	M/650/5657
Unit Code	DRM702
Unit Title	Strategic Risk Management
Unit Level	7
Number of Credits	20
Total Qualification Time (TQT)	200 hours
Guided Learning Hours (GLH)	100 hours

Unit Aim

This unit aims to introduce learners to the critical examination of strategic in relation to the setting and continuous improvement of performance standards; the establishment and maintenance of an effective system of risk management; all aspects of risk management are considered including, but not limited to, health and safety, environmental and security; planning and alignment of risk objectives with other corporate strategy.

Learning Outcomes, and Assessment Criteria

Learning Outcomes When awarded credit for this unit, a learner will:	Assessment Criteria Assessment of this learning outcome will require a learner to demonstrate that they can:
1. Understand the nature of strategy risk and the different types of strategy risk.	1.1 Define strategy risk in an organisational context.
	1.2 Evaluate an organisation’s primary strategy risks.
	1.3 Evaluate the impact of strategy risks on a business.
2. Understand how to review an organisation’s strategy and risk plans.	2.1 Explain the significance of reviews of the development of an organisation’s strategy and risk plans.
	2.2 Evaluate the methods that can be used to review an organisation’s strategy and risk plans and their suitability.
	2.3 Analyse the competitive strengths and weaknesses of an organisation’s current business strategy and business plans. 2.4 Review the position of an organisation in its current market using appropriate tools.
3. Understand ethics and corporate social responsibility in risk management systems.	3.1 Analyse the STEP framework on risk management.
	3.2 Assess contemporary challenges that affect CSR risk management systems.
	3.3 Evaluate the implications for an organisation and its stakeholders if it does not function ethically.
4. Understand the development, implementation and role of business continuity planning with regard corporate strategy.	4.1 Assess an organisation’s sensitivity to a breakdown of continuity.
	4.2 Evaluate the significance of doing a business impact analysis (BIA).
	4.3 Assess approaches to crisis management and business continuity planning with regard to corporate strategy.

Indicative Content

Topics will include but not limited to the following: Liability risk, Marketing risk, Project risk, Innovation risk, Merger &Acquisition risk, Security risk, Compliance risk, Economic risk, Procurement risk, Liquidity risk.
Market position; market share analysis; life cycle analysis; Boston growth share BCG Matrix
SWOT analysis, resource analysis, competitive analysis, skills and competencies audit, benchmarking sustainable competitive advantage; pricing strategies; resource analysis; economies of scale and scope for this; market equilibrium.
Social, Technological, Economic and Political CSR risk management includes conventional elements.
Risk management strategies.
Employment practices, fraud prevention measures, health and safety policy, protection of physical assets and business continuity, process management, benchmarking, disaster management.

Suggested Resources

Godfrey, P.C., Lauria, E., Bugalia, J. and Narvaez, K. (2020). Strategic risk management : new tools for competitive advantage in an uncertain age. Oakland, Ca: Berrett-Koehler Publishers, Inc.
Hopkin, P. (2018). Fundamentals of risk management : understanding, evaluating and
implementing effective risk management. London, United Kingdom ; New York, Ny: Kogan Page Limited.
SPECIFICATION | OCTOBER 2020 WWW.OTHM.ORG.UK Roberts, A., Wallace, W., Mcclure, N. and Heriot-Watt University. Business School (2003). Strategic risk management.
Harlow: Pearson Education.

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