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Managing Budgets, Resources and Risk (MGMT90126)
Graduate courseworkPoints: 12.5Dual-Delivery (Parkville)
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
August
Overview
Availability | August - Dual-Delivery |
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Fees | Look up fees |
Budget management requires an understanding of specific vocabulary, and the application of key foundational principles of finance, resources and risk in organisations. This subject will give students the skills and confidence to develop a financial budget, resource and risk management strategy in a variety of different situations. This subject will provide students with different conceptualisations of risk, from sociological understandings through to psychological theories. It will also introduce concepts of the ISO 31000 international standard on risk management that establishes a risk management framework that must be adhered to in a range of organisations. Topics covered will include budget and resource fundamentals, risk assessment, risk perception and communication, risk management and governance, and solving real risk and budget problems and issues. The subject makes extensive use of practical and case-based learning.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Critique key concepts and principles of financial, budget, resource and risk management
- discuss financial, budgeting, resourcing and risk management;
- compile financial statements and execute risk management strategies adhering to ISO31000
- describe and critically analyse differing theories of risk
- design financial, budgeting, resourcing and risk management reports.
Generic skills
- competence in critical and theoretical thinking through essay writing, seminar discussion and presentations
- competence in conceptualising theoretical problems, and forming arguments and judgments through critical analysis
- increased self-awareness.
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
Admission into the MC-EMA Executive Master of Arts
Corequisites
Non-allowed subjects
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
In-class tests, held at start of class in the second and third week of classes
| From Week 2 to Week 3 | 10% |
Transaction analysis chart and financial statement preparation, due at the start of class in the third week of classes
| Week 3 | 20% |
Risk management strategy document
| Week 4 | 30% |
Essay on risk theory and practice
| 2 Weeks after the end of teaching | 40% |
Hurdle requirement: Students are required to attend a minimum of 80% of classes in order to pass this subject and regular class participation is expected. Participation will be measured through undertaking a minimum of 80% of interactive reading activities (Feedback Fruits or similar). Students are required to respond to at least 80% of the questions/discussion topics posed in online readings and have accessed a minimum of 80% of prescribed reading materials. | Throughout the teaching period | N/A |
Additional details
Submission of all assessment is required to pass this subject. Assessment submitted late without an approved extension will be penalised at 2% per working day. After five working days, assessment submitted without an approved extension will not be marked. There is no provision for late submission of in class tasks without permission.
Last updated: 31 January 2024
Dates & times
- August
Coordinator Anna Kosovac Mode of delivery Dual-Delivery (Parkville) Contact hours Total 24 Hours: 8 x 3 hour seminars, taught intensively over four weeks. Total time commitment 170 hours Teaching period 4 August 2023 to 25 August 2023 Last self-enrol date 8 August 2023 Census date 18 August 2023 Last date to withdraw without fail 1 September 2023 Assessment period ends 8 September 2023 August contact information
Time commitment details
170 hours
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Additional delivery details
This intensive subject will be taught weekly over four weeks, beginning in August.
Please note: Students wishing to enrol in this subject must be admitted to the Executive Master of Arts
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
Reading material will be recommended by the subject coordinator.
Recommended texts and other resources
Birt, Chalmers, Byrne, Brooks, Oliver. Accounting: Business Reporting for Decision Making (5th edition), John Wiley & Sons Australia Ltd, 2014.
- Links to additional information
Last updated: 31 January 2024