Business Risk Management

This subject has the following teaching availabilities in 2011:

Students must have completed 50 points (100 points for students in 200-point programs) of postgraduate studies in the Faculty to enrol in this subject.

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

Risk management is a key business activity that impacts the full range of organisational activities and functional areas across the enterprise. This subject surveys a spectrum of business risks from: operational to strategic risks; including technology, credit, market, reputational, and regulatory risks. It provides a foundation in enterprise risk management principles, tools and techniques such as scenario planning, statistical risk modelling and risk reporting.
The class entails extensive involvement of industry-based speakers and real-life case studies.

On successful completion of this subject, students should be able to:

• Analyse the need for risk management and explain how risk management influences business decisions
• Prepare risk management documentation
• Describe and evaluate risks of different types
• Interpret and analyse events utilising a risk management framework to assess their impact on the enterprise

• One group project not exceeding 2,500 words (25%)
• Individual exercises (15%)
• examination (60%)

You will be advised of prescribed texts by your lecturer.

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Oral and written communication;
• Collaborative learning and team work;
• Interpretation and analysis of real-world cases;
• Problem solving.

This subject is open to all postgraduate students in the Graduate School of Business and Economics. Students are generally expected to have work experience and a solid foundation in business and management.