Risk Management (9536.1)
|Level:||Level 3 - Undergraduate Advanced Unit|
|HECS Bands:||2, 3|
|Faculty:||Faculty of Business, Government & Law|
|Discipline:||School of Management|
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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.
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.
UCI - Lingnan Institute for Further Education, Hong Kong
- UC Term 1, 2016
- UC Term 4, 2015
150 learning hours in online self-paced mode.
9522, Business Research Methods AND 9525, Principles of Management