The course objective is to provide a knowledge base of how risk is treated in modern organizations using advanced techniques to avoid, retain, transfer, and modify risk, as well as benefit from the upside of risk. Also covered is the ability of emerging technology to reduce or prevent the negative effects of risk. The course discusses taking a portfolio approach to retaining and transferring risk, alternative risk financing techniques, methods for transferring financial risk and hazard risk to the capital markets, and detailed treatments for specific types of risk.