AFF5011 - Issues in risk management

Leader: Mr Michael Vincent

Offered

Caulfield First semester 2007 (Off-campus)
Caulfield First semester 2007 (On-campus)
Caulfield Second semester 2007 (Evening)
Caulfield Second semester 2007 (On-campus)
Singapore First semester 2007 (Off-campus)
Unilodge First semester 2007 (Off-campus)

Synopsis

This unit interrelates with and enhances AFF5021. It provides theoretical and practical insights into the workings of risk management through the analysis of situations and scenarios. It provides hands on experience in the identification of risk issues for practical implementation of risk management policy within a corporate setting and provides response tactics in a qualitative and/or quantitative approach. The unit will utilise current and emerging issues from a variety of sources that will emphasise, build and confirm knowledge by practical application of principles learnt during the course.

Objectives

The learning goals associated with this unit are to:

• develop analytical and diagnostic skills and in particular enhance an ability to analyse and resolve problems of practical importance and analyse situations and scenarios by reference to emerging issues in risk management and articulate a response in an effective manner
• gain experience in the identification of risk issues for practical implementation of risk management policy within a corporate setting and decide on response tactics ranging from qualitative to quantitative as appropriate
• identify risk issues of a topical nature and be able to articulate to risk situations and justify responses to various issues in terms of risk analysis
• emphasise the relationship of risk factors and scenarios to risk practitioners by examination of identified issues
• demonstrate analytical and written skills through various assignments designed to emphasise the practical application of knowledge of risk factors and scenarios.

Assessment

Issue analysis (5 issues at 10% each): 50%
Major research assignment (5000 words): 50%

Prerequisites

One of AFF9770, ETX9520, AFF4031 or AFF5031