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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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