Business Risk Management

This subject is not offered in 2014.

Estimated total time commitment of 120 hours per semester

Students must have completed 50 points of graduate study or equivalent.

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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. It provides a foundation in enterprise risk management principles, tools and techniques such as risk scenario planning.

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 business situations utilising a risk management framework to assess impact on the enterprise and recommend an appropriate response.

• 2,500 word group project with deliverables due progressively during the semester (25%)
• Individual exercises totalling 1500 words due progressively during the semester (15%)
• 2-hour end of semester examination (60%)

Online readings available via the LMS

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.