Corporate Risk Management Processes

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.

• 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.

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.

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.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

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.

Repeat Information

Repeat type: Internal & External