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Specialized Credentials

Risk Management Specialized Credential

Online & On-Demand

Build on your basic understanding of risk management to help your organization understand and mitigate risk through informed planning and decision making!

The online, self-paced e-learning will cover the fundamentals of risk management topics as well as the stages of risk management from planning to treatment and monitoring. Take the practice test at the end of the e-learning to test your risk management knowledge and help prepare for the online Specialized Credential Exam. After successfully passing the exam, you will earn a digital certificate and badge to demonstrate your risk management knowledge to your employer and peers. Use this knowledge to expand and enhance your everyday work. 

The Risk Management Specialized Credential eLearning and Exam focuses on four intermediate level domains of Risk Management knowledge as seen below. Read the full Risk Management E-Learning and Exam content outline.

  • Risk Management Fundamentals
  • Risk Management Planning
  • Risk Identification, Analysis, and Evaluation
  • Risk Treatment and Monitoring

Share Your Achievement

After passing the Risk Management  Specialized Credential exam, you will receive an email with a link to access your secure, verifiable certificate and badge from our issuing partner Accredible. Share your new achievement on your favorite social media platforms and add your badge to your resume or email signature. You can visit the links below to learn more.



smiling woman with long brown hair sitting at a table with coworkers image has risk management digital badge and popular social media icons overlaid


  Non-Members ASQ Members
E-Learning $255 $220
Content Outline
  1. Risk Management Fundamentals (20%) 
    1. Understand basic terms including risk, risk management, hazard, event, consequence, likelihood (occurrence, probability, rate), and control
    2. Define risk management scope and context
    3. Understand and distinguish between various stages of risk management, including risk management planning, risk identification, risk analysis, risk evaluation, risk assessment, risk treatment (response, mitigation, control), risk reporting, and risk monitoring
    4. Apply risk-based thinking and decision making to various situations
    5. Define types of enterprise risk management including strategic, software/cybersecurity, business, regulatory, medical/health, and audit
    6. Define types of operational risk management including supplier, supply chain, safety, project, manufacturing/operations, service, and quality system
    7. Define types of product risk management including design, process, use, and safety
    8. Understand the requirements of ISO 31000 and the risk-based requirements of the ISO 9001 series of standards
  2. Risk Management Planning (30%)
    1. Prepare a risk management plan that includes objectives, risk criteria, stakeholder identification, team member roles and responsibilities, scope, methodology, communication, and tool identification
    2. Utilize a risk matrix and risk priority number (RPN) to define risk acceptability criteria and levels of risk
    3. Understand methods of documenting risk such as risk registers
    4. Understand the risk management plan and, where applicable, its interaction with the organizational quality plan
  3. Risk Identification, Analysis, and Evaluation (30%)
    1. Apply failure mode and effects analysis (FMEA) and understand the various types of FMEA including design, system, process, and use scenarios
    2. Define and interpret the results of a fault tree analysis, hazard analysis, and strengths-weaknesses-opportunities-threats (SWOT) analysis
    3. Understand hazard analysis and critical control points (HACCP), preliminary hazard analysis (PHA), hazard operability analysis (HAZOP), process decision program chart
      (PDPC), and bow-tie analysis
    4. Understand and describe decision/event tree analysis and scenario analysis
  4. Risk Treatment and Monitoring (20%)
    1. Understand risk response planning and utilize risk treatment strategies including avoid, mitigate, transfer, and accept
    2. Understand risk management reporting, communicating, and review as well as the role of management review
    3. Use change impact analysis to assess risks created by design, process, and system changes
    4. Understand how to monitor risk using post-market surveillance and metrics such as risk levels and trends
    5. Use corrective and preventative action (CAPA) to address risks

Risk Management Specialized Credential E-Learning

Build upon your basic understanding of Risk Management to improve your skills and help your company identify, mitigate, and monitor risk to improve organizational efficiency. The knowledge you gain will be broadly applicable across many industries. The ASQ Risk Management Specialized Credential e-learning focuses on four intermediate-level domains of risk management knowledge and provides self-paced learning opportunities through online lessons, videos, activities, case studies, and assessments. In addition, you will have the opportunity to take a practice test at the end of the e-learning to test your knowledge and help prepare you for the online Specialized Credential Exam.

  • ASQ RU: 1
  • Provider: ASQ
  • Length: 10 hours
  • Audience: Academic, Executive, New to Quality, Practitioner, Professional

Risk Management Specialized Credential Exam

The ASQ Risk Management Specialized Credential Exam will test your knowledge of risk management fundamentals, risk management planning, risk identification, analysis, and evaluation, and risk treatment and monitoring. Pass the exam to demonstrate your lean proficiency to peers and employers, boost your resume, and utilize the benefits risk management can offer your organization. The 60-question, 1 hour and 45 minute exam is entirely online and can be taken at any time from the comfort of your home or office.

  • ASQ RU: 1
  • Questions: 60 multiple-choice
  • Exam Time: 1 hour, 45 minutes
  • Exam Delivery Format: Online, via web browser

Risk Management Specialized Credential E-Learning


There are no prerequisites for the Risk Management Specialized Credential e-learning.

Who Should Attend:

This course is designed for anyone interested in attaining their Specialized Credential in Risk Management or gaining knowledge in the content areas.


Taking this course does not constitute, nor imply the successful passing of the ASQ Risk Management Specialized Credential examination.

Risk Management Specialized Credential Exam


There are no experience or educational prerequisites to take the Risk Management Specialized Credential Exam. Please see the System Requirements tab for technical requirements.

Eligibility Expiration:

Candidates will have 180 days from purchase date to take their exam.


Candidates who are unsuccessful in their exam attempt are eligible to retake the exam at a discounted rate of $99.

System Requirements

Registration Email

After E-Learning or Exam registration, you will receive an email with access instructions. If you do not, please check your email junk, spam, or clutter folders. If the email is not there, please contact ASQ.

E-Learning / Exam Technical Requirements

Hardware Requirements

  • PC, Mac, or mobile device
  • Audio speakers or headset
  • High-speed internet connection

Supported Browsers

You can view courses on any devices that support these browsers. This includes mobile devices such as iPhones, iPads, and Android-enabled phones and tablets.

  • Windows: Internet Explorer 11, Microsoft Edge (latest version), Google Chrome (latest version), Firefox (latest version)
  • Mac: Safari (latest version), Google Chrome (latest version), Firefox (latest version)
  • Mobile: Safari in Apple iOS 10 or later, Google Chrome in Apple iOS 10 or later, Google Chrome in Android OS 4.4 or later
Required Browser Settings
  • JavaScript must be enabled for published courses to work.
  • Font downloads must be enabled to see the correct fonts and characters.
  • When using Internet Explorer, turn off Compatibility View for sites where courses are hosted.
  • Deactivate any pop-up blockers, spam filters, and company firewalls that could interfere with access to the e-learning.
  • Third-party toolbars such as Bing, Yahoo, and Google should also be disabled due to their own pop-up blocking capabilities.
Cancellation Policy

Risk Management Specialized Credential E-Learning

We will refund you in full if you cancel your course within 30 calendar days of purchase and if no more than one module, or online Knowledge Check in the course has been accessed. If more than one module, or online Knowledge Check in the course is accessed, or if a PDF within the course is accessed, no refund will be provided even within 30 calendar days of purchase.

Risk Management Specialized Credential Exam

Refunds must be requested within 180 days of purchase if the exam has not been launched. If a candidate launched their exam, they will not be eligible for a refund. If a candidate wishes to repurchase the exam after cancelling, they will pay the full nonmember or member price. The retake rate will not be available.