Managing Risk and Uncertainty

Operating in conditions of uncertainty can be disorienting and bewildering.  A risk-informed approach can allow global leaders to make informed decisions, assign priorities and develop comprehensive treatment strategies, as they appreciate and anticipate threats and vulnerabilities, as well as their concomitant probabilities and consequences.  Regardless of the particular field (from international security, to world politics, to the global economy, to the planet’s changing climate) understanding the fundamentals—both pro and con—of risk, its assessment, and treatments is vital to producing robust and resilient strategies. This course prepares global leaders and professionals to understand, evaluate, and manage risk no matter what their goals.  Explore a number of key risk concepts and frameworks, examine illustrative cases, and develop components of a risk assessment and treatment plan. Hear more about the course from the faculty co-developers .


  • Understanding Risk and Uncertainty
  • Assessing and Evaluating Risk
  • Trading Risk
  • Conducting a Risk Treatment/Management Plan
  • Pathologies of Risk and Exploring Resilience 
  • Best Practices and Strategies Through Case Studies

More details

You'll Walk Away with

  • A fundamental knowledge of what risk actually means and what its elements are
  • The skills to understand the strengths and weaknesses of a risk-based approach to uncertainty
  • An appreciation of complexity and how it defines the limits of risk
  • An understanding of standard risk treatment options
  • A framework for appreciating the ethics of risk and how to develop sound, accountable risk governance

Ideal for

  • Students interested in a risk-informed approach to managing uncertainty
  • Professionals seeking to understand the fundamentals of risk, its assessment, and treatments to produce resilient strategies
NO open sections available for this course at the moment. Please check back next semester.