Course Title: Risk Management

Part A: Course Overview

Course Title: Risk Management

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


615H Accounting


Sem 2 2006,
Sem 2 2007

Course Coordinator: Mike O'Loughlin

Course Coordinator Phone: +61 3 9518 5923

Course Coordinator Email:

Pre-requisite Courses and Assumed Knowledge and Capabilities

There are no specific pre-requisite requirements, however, you should have a general understanding of strategic and operational business processes.

Course Description

Effective risk management is not only a cornerstone of good corporate governance, it is increasingly an essential business tool that assists with the development of strategy, the preparation of Business Plans and decision-making processes.

This course will apply the fundamental concepts of risk management to a number of key business functions and equip you to perform risk assessments, develop appropriate mitigation strategies and effectively communicate outcomes to senior management.

Objectives/Learning Outcomes/Capability Development

It is expected that you will gain a deep understanding of risk management processes and, in particular, the Australian Standard (AS4360:2004).

You will learn to apply these techniques in a practical way to a variety of operational and strategic issues. You will develop techniques for identification and measurement of risks, articulation of strategies and effective implementation of an Enterprise Risk Management framework.

It is anticipated that you will be able to use risk management as a tool to identify opportunities and support the development and approval of business cases.

Overview of Learning Activities

Through your active and constructive participation in discussion groups you will learn to apply risk management concepts to new situations. Case studies will cover a variety of areas including identifying the lessons learned from some of Australia’s major corporate collapses.

In small groups learners will research typical risk factors and treatment options in a specialist area of their choice and present the results during the weekly sessions.

A major research project will provide learners with the opportunity to undertake the equivalent of a risk management consulting assignment and apply their new knowledge to real-life business situations.

Overview of Learning Resources

Learners will be provided with lecture presentations as well as tools and templates that are used by a major Australian organisation.

Overview of Assessment

Your assessment tasks are practical, relating to the course material and your own experience. The assessment will occur throughout the course enabling you to receive feedback about your progress.

These tasks may include:

 Participation in discussion groups
 Assignment tasks such as outlining contextual information and typical risks
 Research and presentation of risks relating to a specific business function
 Undertaking and reporting a risk assessment for a project, function or company