Managing Budgets, Resources and Risk (MGMT90126)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
| Availability | August |
|---|---|
| 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
Students who successfully complete this subject 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
At the completion of this subject, students should gain the following 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: 4 March 2025
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
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: 4 March 2025
Assessment
| Description | Timing | Percentage |
|---|---|---|
In-class tests
| During the teaching period | 10% |
Transaction analysis chart and financial statement preparation, due at the start of class in the third week of classes
| During the teaching period | 20% |
Risk management strategy document
| During the teaching period | 30% |
Essay on risk theory and practice
| 2 Weeks after the end of teaching | 40% |
| Hurdle requirement: 1. 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 |
| Hurdle requirement: 2. Attendance hurdle requirement: This subject has a minimum requirement of attendance at three out of the four days of scheduled classes. There is an expectation that students attend lectures where offered. | Throughout the teaching period | N/A |
| Hurdle requirement: 3. Late Penalty and Assessment hurdle requirement: Assessment submitted late without an approved extension will be penalised at five per cent (5%) of the possible marks available for the assessment task per day or part thereof. All pieces of assessment must be submitted to pass the subject. Each submitted assessment must be complete, constitute a genuine attempt to address the requirements of the task and will not be accepted after 20 University business days from the original assessment due date without written approval. | Throughout the semester | N/A |
Last updated: 4 March 2025
Dates & times
- August
Coordinator Anna Kosovac Mode of delivery On Campus (Parkville) Contact hours 24 hours: 8 x 3-hour seminars over a 4-week intensive teaching period. Total time commitment 170 hours Teaching period 8 August 2025 to 29 August 2025 Last self-enrol date 12 August 2025 Census date 22 August 2025 Last date to withdraw without fail 5 September 2025 Assessment period ends 15 September 2025 August contact information
Dr Anna Kosovac: anna.kosovac@unimelb.edu.au
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.
Please note: Students wishing to enrol in this subject must be admitted to the Executive Master of Arts
Last updated: 4 March 2025
Further information
- Texts
Prescribed texts
Kosovac, A. "Risk Management for Water Professionals: technical, psychological and sociological underpinnings" (London: Routledge, 2024)
Recommended texts and other resources
Birt, Chalmers, Byrne, Brooks, Oliver. Accounting: Business Reporting for Decision Making (5th edition), John Wiley & Sons Australia Ltd, 2014.
- Related Handbook entries
- Links to additional information
Last updated: 4 March 2025