Risk Management PG (8426.5)

This unit introduces you to the concepts, principles and processes of risk management. The foundation is the international and Australian risk management standard AS/NZS ISO 31000:2018 Risk Management - Guidelines. In this unit you study the management of risk from a variety of perspectives and contexts: internal/external risks; operational, project and enterprise/organisation risks; and risk in the private and public sectors. You will also consider the integration of risk management practice within legal/regulatory, environmental, social and political obligations and context. Case studies may cover risk management in project management, procurement, and program design, as well as at the organisational level. Students will develop skills in the design, implementation and evaluation of risk management systems. These case studies will enable you to gain practical experience. You will be encouraged to focus on the areas you consider most relevant to your professional career.

Learning outcomes

demonstrate advanced knowledge and professional competence in the application of risk management concepts, methods and tools; demonstrate an understanding of the scope, application and definition of risk;
apply the risk approach to effective business control considering the identification, analysis and evaluation, treatment and review of risk management processes; utilise professional literature on risk management to contribute to professional best practice in risk management.

Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

Prerequisites

None.

Corequisites

None.

Incompatible units

None.

Equivalent units

None.

Assumed knowledge

None.