Risk Management (9536.1)
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|0.125||3||Faculty Of Business, Government & Law|
|Discipline||Study level||HECS Bands|
|School Of Management||Level 3 - Undergraduate Advanced Unit|| Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Learning outcomesOn 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.
Graduate attributes1. 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
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Prerequisites9522, Business Research Methods AND 9525, Principles of Management
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Recommended texts and reading:
1. AS/NZS ISO31000:2009 Risk Management - Principles and Guidelines
2. ISO Guide 73:2009 Risk Management - Vocabulary
3. ISO/IEC 31010 Risk Management - Risk Assessment Techniques
4. Committee of Sponsoring Organisations of the Treadway Commission (COSO) (2004) Enterprise Risk Management - Integrated Framework (Executive Summary and Framework)
5. Committee of Sponsoring Orgainsations of the Treadway Commission (COSO) (2004) Enterprise Risk Management - Integrated Framework (Application Techniques)
6. Project Management Institute (2008) A Guide to the Project Management Body of Knowledge, Chapter 11 Risk Management
7. Association for Project Management (APM) (2004) Project Risk Analysis and Management Guide 2nd Edition - APM Publishing
8. Dickson, T J and Gray T L (eds) Risk Management in the Outdoors, A whole-of-organisation approach for education, sport and recreation (2012) Cambridge University Press.
9. Zou P X W and Yang R J (2013) Guidelines for Group Assignments, University of Canberra.
Submission of assessment items
Extensions & Late submissions
Where possible, all assessment items will be submitted online via the LearnOnline (Moodle) unit site. The first page of the assessment item should include the following information:
Word count (If applicable):
Students should note that names are not to be included on any assessment tasks/submissions. Only Student ID numbers should be included (as per the Assessment Policy and Procedures)
Students have a responsibility to uphold University standards on ethical scholarship. Good scholarship involves building on the work of others and use of others' work must be acknowledged with proper attribution made. Cheating, plagiarism, and falsification of data are dishonest practices that contravene academic values. Refer to the University's Student Charter for more information.
To enhance understanding of academic integrity, all students are expected to complete the Academic Integrity Module (AIM) at least once during their course of study. You can access this module within UCLearn (Canvas) through the 'Academic Integrity and Avoiding Plagiarism' link in the Study Help site.
Use of Text-Matching Software
The University of Canberra uses text-matching software to help students and staff reduce plagiarism and improve understanding of academic integrity. The software matches submitted text in student assignments against material from various sources: the internet, published books and journals, and previously submitted student texts.
Required IT skills
Familiarity with word processing and internet search.
Work placement, internships or practicums