Course Title: Risk Analysis and Assessment

Part A: Course Overview

Course Title: Risk Analysis and Assessment

Credit Points: 12


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUSM1734

City Campus

Postgraduate

620H Business IT and Logistics

Face-to-Face

Sem 2 2010,
Sem 2 2011,
Sem 2 2012,
Sem 2 2014,
Sem 2 2015,
Sem 1 2017,
Sem 2 2017

BUSM1734

City Campus

Postgraduate

630H Management

Face-to-Face

Sem 2 2006,
Sem 2 2007,
Sem 2 2008,
Sem 2 2009

Course Coordinator: Booi Kam

Course Coordinator Phone: +61 3 9925 1326

Course Coordinator Email: booi.kam@rmit.edu.au


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

There are no pre-requisite for this course. Knowledge of probability concepts, though not critical, would be useful.

This course introduces the notion of risk in logistics management and strategic decision making. It is designed to develop an understanding of the fundamentals of risk management and to introduce classical as well as state-of-the-art risk analysis techniques. The potential of system thinking as a risk management tool will be emphasized.

If you are undertaking this course in Melbourne from semester 2, 2012 onwards your teacher will advise you if you require access to a computer for the course. It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.


Objectives/Learning Outcomes/Capability Development

The overarching goal of this course is to introduce a suite of risk analysis and assessment techniques to enable students to examine logistics and supply chain risks. The course is designed to assist students to develop the following capabilities:
• utilising system concepts to investigate risk problems
• designing, implementing and executing process of risk management practices
• developing cost-efficient risk management measures to deal with risk problems
At the end of the course, students are expected to be able to:
• have a sound knowledge of the merits and limitations of the popular risk management techniques used in practice
• utilize a range of popular risk analysis techniques innovatively to examine risk problems
 



Overview of Learning Activities

Learning will occur through the use of the Study Guide as an indicator of learning direction, including on-line library articles and wed-sites. This activity is to complement the Intensive Workshop Session, during which the Instructor will expand on the principles introduced in the Study Guide and illustrate the application of the key constructs to logistics and supply chain operations.


Overview of Learning Resources

Course notes and a study guide will be made available on the DLS @ RMIT On-line prior to the workshop session. The Study Guide will contain information on prescribed and recommended readings.

There is no prescribed text for this course. All prescribed and recommended readings will be sourced from on-line journal articles (available from the RMIT Library web-site).
 


Overview of Assessment

Assessment in this course has two main objectives. The first is directed at ensuring your ability to appreciate the potential of the systems approach in identifying and analysing the occurrence of risk situations. This is achieved by asking students to utilize the system concepts to review a risk situation in a logistics management context.
The second concern is aimed at challenging you to combine different risk analysis techniques introduced in the course to comprehensively examine a risk problem in logistics and supply chain management with a view to deriving plausible risk management measures. This is achieved by asking students to study a risk problem in logistics management using three appropriate risk analysis techniques and justify their selection.