The University of Southampton

MANG6181 Corporate Risk Management Processes

Module Overview

The module not only familiarises students with corporate risk management processes but also encourages critical thinking about such matters as how to improve these processes – for example through better integration with other management activities. The focus is on encouraging students to think rigorously about what is achievable through corporate risk management processes, and broadly about the nature of risk management and the specific tools and techniques that can contribute.

Aims and Objectives

Module Aims

This module considers the processes associated with the management of risk in the context of an organisation's on-going operations. The module aims to provide you with an understanding of the key process issues confronting practitioners in developing an efficient and effective risk management capability.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • the possibilities for developing risk management in an organizational context.
  • the need for a corporate approach to operational risk management;
  • the key issues involved in developing an effective operational risk management capability.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • apply and develop key skills in critical thinking, reflection and verbal communication during the module, and subsequently through preparation of the written assignments, key skills in information handling, critical analysis and written communication.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • analyse and evaluate reports and guidelines on risk management practice
  • analyse and evaluate processes for delivering effective risk management


• Direction for RM development: possibilities in six dimensions- what, when, why, which way, who, and wherewithal. • Assessing RM capability (benchmarking, risk maturity). Descriptors of capability: focus of attention, range of application contexts, nature and quality of RM processes. • Facilitators of RM capability: scope of supporting RM infrastructure, supporting organizational capabilities, organization learning, organization culture, human resource capability. • Corporate governance and the roles of the Board • Roles of internal audit and the corporate risk manager • Business continuity planning • Simulating organisational crisis.

Learning and Teaching

Teaching and learning methods

The module is taught through a mixture of methods ranging from guided background reading, interactive lectures, and discussion of concepts and examples. The approach will be strongly applied in nature and draw heavily on real world examples. Case studies and simulations will be used to illustrate issues and the application of techniques. Learning activities include an assignment (group and individual), case studies, private study.

Independent Study63
Total study time75

Resources & Reading list

Stephen Ward (2004). Risk Management: organisation and context. 

D Smith and D Elliott (Eds) (2006). Key readings in crisis management - systems for prevention and recovery. 



Class discussions


MethodPercentage contribution
Individual assignment  (2000 words) 100%


MethodPercentage contribution
Individual assignment  (2000 words) 100%


MethodPercentage contribution
Individual assignment  (2000 words) 100%
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