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
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 organisational context;
- the need for a corporate approach to operational risk management;
- the key issues involved in developing an effective operational risk management capability.
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.
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.
Syllabus
- 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.
Type | Hours |
---|---|
Independent Study | 63 |
Teaching | 12 |
Total study time | 75 |
Resources & Reading list
Textbooks
Stephen Ward (2004). Risk Management: organisation and context. London: Witherby.
D Smith and D Elliott (Eds) (2006). Key readings in crisis management - systems for prevention and recovery. Routledge.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Class discussionsSummative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Individual Coursework | 100% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Individual Coursework | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Method | Percentage contribution |
---|---|
Individual Coursework | 100% |
Repeat Information
Repeat type: Internal & External