Risk Management (9536.1)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | ||
| EFTSL | Credit points | Faculty |
| 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 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.
Graduate attributes
1. UC graduates are professional - communicate effectively1. 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
Prerequisites
9522, Business Research Methods AND 9525, Principles of ManagementCorequisites
None.Incompatible units
NONE.Equivalent units
NO.Assumed knowledge
None| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|
Required texts
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:
Student ID:
Assessment Name:
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 must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.
Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.
UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).
UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.
Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.
Participation requirements
None
Required IT skills
Familiarity with word processing and internet search.
Work placement, internships or practicums
Not applicable.
