Faculty of Business and Economics

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Monash University Handbook 2011 Undergraduate - 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
OfferedNot offered in 2011


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:

  1. demonstrate an understanding of the scope, application and definition of risk
  2. explain the risk treatment requirements needed by business
  3. compare and contrast the risk management process with existing approaches to governance, compliance and control
  4. apply the risk approach to effective business control, by reference to AUS/NZ 4360:2004
  5. 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

3 hours per week