AFX2021

Risk identification and mitigation

(BUS)

Dr Peter Pope

6 points + Caulfield, second semester + 2-hour lecture and 1-hour tutorial per week + OCDL + Prerequisite: AFX1230

Synopsis: This subject identifies the risks to be managed using a well-structured systematic process. Generic sources of risk will include inter alia: Commercial and legal relationships, economic circumstances, human behaviour, natural events, political circumstances, technology and technical issues, management activities and controls. Both qualitative and quantitative analysis will be carried out. Amongst the options for treating risk are: (i) avoidance, (ii) reduction of the likelihood of the occurrence and/or reduction of the consequence, (iii) risk transference, (iv) risk retention.

Assessment: Minor assignment and class work: 40% + Examination (3 hours): 60%