AFX3141

Risk identification and mitigation ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Mr Michael Vincent

Offered:
Caulfield First semester 2006 (Evening)
Caulfield First semester 2006 (OCL)
Caulfield Second semester 2006 (Day)
Caulfield Second semester 2006 (OCL)

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%

Contact Hours: Caulfield, second semester

Prerequisites: AFX1230, ETX2011

Prohibitions: AFX2021