Offered

Caulfield First semester 2008 (Evening)
Caulfield First semester 2008 (Weekend On-campus)
Caulfield Second semester 2008 (Evening)
Caulfield Second semester 2008 (Weekend On-campus)

Synopsis

This unit is designed to introduce the concept of risk as a business philosophy and to introduce students to the Australian Risk Management Standard, AS/NZS 4360:1999. It will look at the evolution of risk, the requirements for risk management, the risk management process and steps, and the application of risk management.

Objectives

The learning goals associated with this unit are to:

• demonstrate an understanding of the scope, application and definition of risk
• explain the risk management requirements needed of a business entity of the 21st century
• compare and contrast the risk management process with existing approaches to governance, compliance and control
• link the risk approach to effective business control, by reference to AS/NZS 4360:2004
• understand the steps and the logic of the sequence.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%