Course Description
These modules have been designed to introduce external and internal drivers that can result in a range of operational, financial and strategic risks manifesting in organisations. These modules examine the role of corporate governance and compliance, introducing relevant standards, and suggest methods of developing and implementing appropriate riskmanagement strategies. In these modules, students will not only learn compliance but also learn how to develop useful risk-management skills, including some of the effective tools available for identifying, assessing and quantifying risk.
Learning Outcomes
- Understand the basic theories and concepts in risk management and the relationship to areas of finance, operations, IT, innovation and development.
- Demonstrate the use of the valid and effective tools for identifying, assessing and quantifying risk.
- Use expert judgement to develop effective business cases for intangible issues such as potential risk and future rewards, to a level suitable for executive management decision making.
- Undertake research and synthesize theoretical and practical knowledge of risk management not only on a particular organisation but also on family and society.
- Critically evaluate information from a wide range of sources to demonstrate research skills, show initiative in consulting the academic literature and demonstrate the capacity to document the outcomes with sound analysis and recommendations.