Faculty of Business and Economics

Postgraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

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, or view unit timetables.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Banking and Finance
OfferedCaulfield First semester 2014 (Day)
Caulfield Second semester 2014 (Evening)
Coordinator(s)Mr Warren Gillian


The management of risk is a multi-dimensional activity that entails a range of disciplines and thought processes to ensure that resilience is created and maintained within the firm. There needs to be an understanding by business students of the range of activities and events that can be exposed by the application of risk management techniques and processes. This unit includes detailed analysis of a series of case studies drawn from real life events that encompass the holistic nature of risk within a firm and/or society. If appropriate, they may be presented and discussed by an industry practitioner. The unit is designed to bring all facets of the specialisation together.


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 BFF5021.


Within semester assessment: 100%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester


AFF9020 or BFF5902