Risk Management Specialized Credential

1. Risk Management Fundamentals (20%) 
   1. Understand basic terms including risk, risk management, hazard, event, consequence, likelihood (occurrence, probability, rate), and control
   2. Define risk management scope and context
   3. Understand and distinguish between various stages of risk management, including risk management planning, risk identification, risk analysis, risk evaluation, risk assessment, risk treatment (response, mitigation, control), risk reporting, and risk monitoring
   4. Apply risk-based thinking and decision making to various situations
   5. Define types of enterprise risk management including strategic, software/cybersecurity, business, regulatory, medical/health, and audit
   6. Define types of operational risk management including supplier, supply chain, safety, project, manufacturing/operations, service, and quality system
   7. Define types of product risk management including design, process, use, and safety
   8. Understand the requirements of ISO 31000 and the risk-based requirements of the ISO 9001 series of standards
2. Risk Management Planning (30%)
   1. Prepare a risk management plan that includes objectives, risk criteria, stakeholder identification, team member roles and responsibilities, scope, methodology, communication, and tool identification
   2. Utilize a risk matrix and risk priority number (RPN) to define risk acceptability criteria and levels of risk
   3. Understand methods of documenting risk such as risk registers
   4. Understand the risk management plan and, where applicable, its interaction with the organizational quality plan
3. Risk Identification, Analysis, and Evaluation (30%)
   1. Apply failure mode and effects analysis (FMEA) and understand the various types of FMEA including design, system, process, and use scenarios
   2. Define and interpret the results of a fault tree analysis, hazard analysis, and strengths-weaknesses-opportunities-threats (SWOT) analysis
   3. Understand hazard analysis and critical control points (HACCP), preliminary hazard analysis (PHA), hazard operability analysis (HAZOP), process decision program chart
      (PDPC), and bow-tie analysis
   4. Understand and describe decision/event tree analysis and scenario analysis
4. Risk Treatment and Monitoring (20%)
   1. Understand risk response planning and utilize risk treatment strategies including avoid, mitigate, transfer, and accept
   2. Understand risk management reporting, communicating, and review as well as the role of management review
   3. Use change impact analysis to assess risks created by design, process, and system changes
   4. Understand how to monitor risk using post-market surveillance and metrics such as risk levels and trends
   5. Use corrective and preventative action (CAPA) to address risks

Risk Management Specialized Credential E-Learning

ASQ’s Risk Management Specialized Credential E-Learning provides a comprehensive, self-paced exploration of the principles, frameworks, and tools essential to identifying, assessing, and mitigating risk within an organization. Through engaging online lessons, interactive activities, real-world case studies, and frequent knowledge checks, you will develop a strong foundation in: 

• Risk Management Fundamentals and Principles 
• Risk Identification and Assessment Techniques 
• Risk Analysis and Prioritization Methods 
• Risk Mitigation, Monitoring, and Continuous Improvement 

Throughout the course, you will practice applying key risk management concepts to real-world scenarios, strengthening your ability to proactively manage uncertainty, protect organizational value, and support informed decision-making. This course was developed using generative AI technology to support content creation and was carefully reviewed and revised by qualified subject matter experts. 

In addition, you will have the opportunity to take a practice test at the end of the e-learning to assess your knowledge and prepare for the online Specialized Credential Exam. 

Once you have completed the e-learning, you can move on to take the Risk Management Specialized Credential Exam. The online exam is open book and comprised of sixty (60) multiple-choice questions. You must achieve a score of 80% or higher to achieve the Risk Management Specialized Credential. After passing the exam, you will receive a verifiable digital certificate and badge from our issuing partner Accredible.  

Risk Management Specialized Credential E-Learning

Prerequisites:

There are no prerequisites for the Risk Management Specialized Credential E-Learning.

Who Should Attend:

This course is designed for professionals seeking to earn the Risk Management Specialized Credential or to strengthen their knowledge and practical application of risk management principles and tools.

Note:

Taking this course does not constitute, nor imply, the successful passing of the ASQ Risk Management Specialized Credential examination.

Format

Web-based, self-paced training modules that may involve combinations of text, visuals, audio, practical case studies, interactive simulations, and knowledge checks (see specific courses for features and tools). These web-based courses require an internet-connected device.

Product Access

Access expires after 365 days

E-Learning Technical Requirements

Hardware

• PC, Mac, ASQ Learning app, or mobile device running iOS or Android
• Audio speakers or headset
• High-speed internet connection

Browsers for ASQ Courses

You can view courses on any device that supports these browsers. This includes mobile devices such as iPhones, iPads, and Android-enabled phones and tablets.

• Windows: Internet Explorer 11, Microsoft Edge (latest version), Google Chrome (latest version), Firefox (latest version)
• Mac: Safari (latest version), Google Chrome (latest version), Firefox (latest version)
• Mobile: Safari in Apple iOS 10 or later, Google Chrome in Apple iOS 10 or later, Google Chrome in Android OS 4.4 or later

Required Browser Settings for Viewing Courses

• JavaScript must be enabled for published courses to work.
• Font downloads must be enabled to see the correct fonts and characters.
• When using Internet Explorer, turn off Compatibility View for sites where courses are hosted.
• Deactivate any pop-up blockers, spam filters, and company firewalls that could interfere with access to the e-learning.
• Third-party toolbars such as Bing, Yahoo, and Google should also be disabled due to their pop-up blocking capabilities.

Accessing Your E-Learning

After registration, you will receive an email with access instructions. If you do not, please check your email junk, spam, or clutter folders. If the email is not there, please contact ASQ.

Cancellation Policy

We will refund you in full if you cancel your course within 30 calendar days of purchase and if no more than one module (also called “topic”), or online Knowledge Check in the course has been accessed. If more than one module or online Knowledge Check in the course is accessed, or if a PDF within the course is accessed, or the Specialized Credential Exam has been accessed, no refund will be provided even within 30 calendar days of purchase.

Note for corporate clients: Please contact your regular Channel Manager to confirm your contractual terms.