Faculty of Business and Economics

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Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedNot offered in 2010


This unit is designed to introduce the concept of risk as a business philosophy and to introduce the students to the Australian Risk Management Standard, AS/NZS 4360:1999.


The learning goals associated with this unit are to:

  • demonstrate an understanding of the scope, application and definition of risk
  • explain the risk treatment requirements needed by business
  • compare and contrast the risk management process with existing approaches to governance, compliance and control
  • apply the risk approach to effective business control, by reference to AUS/NZ 4360:2004
  • apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with risk.


Within semester assessment: 30%
Examination (3 hours): 70%

Contact hours

39 hours per semester