IRM International Certificate case studies
IRM International Certificate · Put your knowledge to work in context.
The Level 5 International Certificate in Enterprise Risk Management is an Ofqual-regulated qualification awarded by the Institute of Risk Management (IRM), regulated since September 2023. It is designed for anyone seeking a solid foundation in the theory and practice of effective risk management, from newcomers to experienced professionals looking to formalise their expertise. The IRM International Certificate case studies are 5 cases and about 2,779 words.
1Risk appetite that never reached the contract team
Northbridge Logistics is a privately owned UK freight and distribution group with 1,200 staff and revenue of £240m. Its board-approved risk appetite statement says: 'The group has a low tolerance for financial risk and avoids speculative exposure.' Commercial teams have recently won three fixed-price, three-year haulage contracts worth £38m in total.
520 words, about 3 min2A risk workshop that produced a red heat map but no priorities
St Aldate's Hospital is a 600-bed acute trust preparing to go live with a £45m electronic patient record (EPR) system in nine months. A risk workshop used a five-by-five likelihood-impact matrix.
569 words, about 3 min3Single-source alloy supplier in a seismic zone
Cobalt Components Ltd manufactures battery housings for electric vehicle suppliers. Its only source of a specialised aluminium alloy is a single mill in a seismic zone; the mill supplies 100% of Cobalt's requirement under a two-year contract with a 90-day termination clause.
650 words, about 3 min4A project risk report the board cannot use
The Riverside Bridge Replacement is an £85m, 30-month public infrastructure project. Its risk register contains 140 risks.
441 words, about 2 min5Pension scheme risk function that reports to the CFO
Harbour Pension Trust is a £3.2bn defined-benefit scheme with 45,000 members. Risk management is performed by a team of three within the finance directorate; the head of risk reports to the CFO.
599 words, about 3 min