Qualifi Level 7 Unit DRM701 Assignment Brief 2026
| Qualification | Level 7 Diploma in Risk Management (610/2175/1) |
| Unit Reference Number | L/650/5656 |
| Unit Code | DRM701 |
| Unit Title | Principles of Risk Management |
| Unit Level | 7 |
| Number of Credits | 20 |
| Total Qualification Time (TQT) | 200 hours |
| Guided Learning Hours (GLH) | 100 hours |
Unit Aim
The aim of this unit is to develop learners’ understanding of legislative frameworks that contributed to design on risk assessment plans in organisations and learn the basics of ISO standards. ISO is a universally recognised international standard that provides principles and guidelines on risk management. These standards provide principles, a framework, and a process for managing risk that can be used by any organisation. The learners will become aware of the principles of the ISO standards.
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 principles of risk management. | 1.1 Define risk in the context of an organisation. |
| 1.2 Explain risk management in the context of an organisation. | |
| 1.3 Evaluate the risk management process in three stages in an organisational context | |
| 1.4 Evaluate the significance of effective risk management. | |
| 1.5 Evaluate the effectiveness of risk management strategies. | |
| 2 Understand legislative frameworks that influence risk management decision-making in an organisation. | 2.1 Analyse the legislative factors that influence risk assessment considerations for health and safety. |
| 2.2 Evaluate the impact of relevant legislation, legal factors and regulatory bodies on health and safety in an organisation.
2.3 Assess the role and importance of the legislative framework on risk management in an organisation. |
|
| 3. Understand the extent and implications of risk management standards. | 3.1 Assess the scope of relevant ISO standards in an organisation. |
| 3.2 Analyse the focal points of ISO Standards harmonisation programmes and their impact on an organisation. | |
| 3.3 Analyse the application of ISO standards in managing risks in an organisation. |
Indicative Content
- Identification, evaluation, and prioritisation of risks
- Stages: Risk Identification, Risk Assessment, Risk Planning
- Methods: Avoidance, Retention, Sharing risk, Transferring risk, Loss prevention and reduction.
- Relevant legislature relating to own country E.G. in the UK the legislative factors include but are not limited to the following: Control of Substances Hazardous to Health (COSHH, 2002), Health and Safety (First Aid) Regulations (1981), Health and Safety at Work Act (1974), additions to the (1974) Health and Safety at Work Act (Reporting of Injuries, Diseases and Dangerous Occurrences Regulations (RIDDOR), Management of Health and Safety at Work Act (Amendment) Regulations (1994), Management of Health and Safety Regulations (1999),Manual Handling Operations Regulations (1992).
- Other regulatory bodies, E.G. local authorities, local educational authorities, police.
- Framework example: ISO31000:2018-Riskmanagement- Guidelines, ISO/TR31004:2013Riskmanagement – Guidance for the implementation of ISO 31000, IEC31010:2019Riskmanagement- Risk assessment techniques,ISO31022:2020-Riskmanagement- Guidelines for the management of legal risk, IWA31:2020-Riskmanagement- Guidelines on using ISO 31000 in management systems.
- Focus: Transferring accountability in enterprise risk management, Aligning objectives of the governance frameworks with ISO 31000, Embedding management system reporting mechanisms, Creating uniform risk criteria and evaluation metrics.
Need Qualifi Level 7 Risk Management Assignment Help UK?
The post DRM701 Principles of Risk Management (L/650/5656) Assignment Brief 2026 appeared first on Students Assignment Help UK.