Allocating Risk Management Costs

Level: Intermediate

Why you need this learning module:
After completing this learning module, you’ll be able to evaluate the effectiveness of the allocation of risk management costs for your organization.

Upon successful completion of this learning module, you should be able to:

• Describe the purposes of allocating risk management costs.
• Describe the types of risk management costs an organization may want to allocate.
• Describe the prospective and retrospective approaches to allocating risk management costs.
• Describe the exposure bases and experience bases used to allocate risk management costs.
• Describe the practical considerations of selecting an allocation basis.
• Given a case, justify how risk management costs may be allocated among an organization’s departments.

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Allocating Risk Management Costs Topics Include:

• Purposes of allocating risk management costs
• Types of risk management costs an organization may want to allocate
• Prospective and retrospective approaches to allocating risk management costs
• Exposure bases and experience bases used to allocate risk management costs
• Practical considerations of selecting an allocation basis
• How risk management costs may be allocated among an organization’s departments

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