Evaluating and Managing Risk PG (12297.1)

This unit introduces the concepts, principles and processes of risk management, grounded in the international and Australian standard AS/NZS ISO 31000. During this unit, you examine management of risk from a variety of perspectives and contexts: internal and external risks, operational, project and enterprise risks and private and public sector risks. You also consider the integration of risk management practice within regulatory, environmental, social and political obligations and context. Case studies cover risk management in project management, procurement and program design, as well as at the organisational level. We also look at enterprise risk management and how it differs to the ISO 31000. This allows you to develop skills in the design, implementation and evaluation of risk management systems, with a special focus on the areas you consider most relevant to your professional career.

Learning outcomes

On successful completion of this unit, students will be able to:
1. Demonstrate advanced knowledge and professional competence by applying risk management concepts, methods and tools to complex organisational problems;
2. Analyse and evaluate how various facets of risk are managed across different organisational contexts and industries; and
3. Design and justify risk management strategies or systems for effective organisational control.

Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
4. UC graduates are able to demonstrate Aboriginal and Torres Strait Islander ways of knowing, being and doing - communicate and engage with Indigenous Australians in ethical and culturally respectful ways

Prerequisites

None.

Corequisites

None.

Incompatible units

None.

Equivalent units

8426 Risk Management PG.

Assumed knowledge

None.