Postgraduate - UnitAFF9020 - Introduction to risk principles

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

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:

1. demonstrate an understanding of the scope, application and definition of risk
2. explain the risk management requirements needed of a business entity of the 21st century
3. compare and contrast the risk management process with existing approaches to governance, compliance and control
4. link the risk approach to effective business control, by reference to AS/NZS/ISO31000:2009
5. understand the steps and the logic of the sequence
6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF9020.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%

Chief examiner(s)

Michael Vincent

Contact hours

3 hours per week

Prerequisites

NIL