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Areas of Study

PMA220 Risk Management

Course Description

Overview of the concept of risk from the owner's, property manager's, and stakeholder's points of view, emphasizing risk mitigation for litigation and insurance purposes.

Learning Outcomes

  • Discuss risk management principles as they apply to real estate in general and property management in particular.
  • Describe the relevant insurance concerns for the property manager.
  • Identify the various sources and potential property management impacts of risk.
  • Describe the role of the professional property manager in mitigating risk for all parties concerned in terms of financial, economic, societal, health, and environmental losses.
  • Analyze the risks involved in a given situation and identify options available to mitigate risk exposure.