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Risk Management (9536.1)

Level: Level 3 - Undergraduate Advanced Unit
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Management

Availability

    Unit Outlines

    To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.

    • UC Term 1, 2016, ON-CAMPUS, LIFE (155445) - View
    • UC Term 4, 2015, ON-CAMPUS, LIFE (147067) - View

    If a link to your Unit Outline is not displayed, please check back later. Unit Outlines are generally published by Week One of the relevant teaching period.

    Syllabus

    This unit will teach students how to accurately assess the consequences of uncertain events and develop strategies that could reduce and control the likelihood of such occurrences and reduce the impact of the risks if they occur.

    Learning Outcomes

    On successful completion of this unit, students will be able to:

    1. Identify and discuss various types of risks;

    2. Define risk as a consequence of uncertainty and within a continuum of decision-making roles;

    3. Perform quantitative risk analysis using risk measurement techniques to assess the severity and consequences of a given risk as well as its overall threat;

    4. Identify the most common risk management mistakes by considering how Utility Theory impacts attitudes toward risk;

    5. Explain and use techniques to manage risk in a holistic, global, and integrated manner; and

    6. Use tools such as predictive analytics, modelling, and simulation to improve risk management.

    Assessment Items

    Contact Hours

    150 learning hours in online self-paced mode.

    Prerequisites

    9522, Business Research Methods AND 9525, Principles of Management

    Corequisites

    None.

    Assumed Knowledge

    None

    Incompatible Units

    NONE.

    Equivalent Units

    NO.


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