Postgraduate - UnitBFF5902 - Introduction to risk principles

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.

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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.

Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Banking and Finance
Offered	Caulfield First semester 2014 (Evening) Caulfield Second semester 2014 (Day) Caulfield Second semester 2014 (Evening)
Coordinator(s)	Mr Warren Gillian

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/ISO31000:2009. 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.

Outcomes

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/ISO31000:2009
understand the steps and the logic of the sequence
demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF5902.

Assessment

Within semester assessment: 50%
Examination: 50%

Chief examiner(s)

Dr Shrimal Perera

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prohibitions

AFF9020