Postgraduate - UnitAFF5021 - Case studies in risk management

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

Synopsis

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.

Outcomes

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.

Assessment

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

Chief examiner(s)

Michael Vincent

Prerequisites

AFF9020