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