Faculty of Business and Economics

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Monash University Handbook 2011 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

FacultyFaculty of Business and Economics
OfferedCaulfield Second semester 2011 (Evening)


This is the capstone unit of the Master of Risk Management. It includes detailed analysis of a series of case studies drawn from real life events and, as appropriate, delivered by industry practitioners. The unit is designed to bring all facets of the degree together in the closing semester of the course of study.


The learning goals associated with this unit are to:

  1. develop analytical and diagnostic skills and in particular enhance an ability to analyse and resolve problems of practical importance
  2. analyse situations and scenarios by reference to case studies relating to risk management and articulate a response in an effective manner
  3. gain experience in a controlled environment in skills needed for practical implementation of risk management policy within a corporate setting
  4. decide on response tactics ranging from qualitative to quantitative as appropriate
  5. categorise degrees of risk and respond to risk situations, justify responses to various set situations using the matrix approach and emphasise the relationship of risk factors and scenarios to risk practitioners and various guest speakers
  6. work in an individual and/or team environment and develop the ability to project and defend a point of view in a constructive manner
  7. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF5021.


Within semester assessment: 60%
Examination (2 hours): 40%

Chief examiner(s)

Michael Vincent


AFF9020, AFF9770 and ETX9520