Course Title: Risk Management in Business

Part A: Course Overview

Course Title: Risk Management in Business

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


135H Applied Sciences


Sem 1 2006,
Sem 2 2007,
Sem 2 2008,
Sem 2 2009,
Sem 2 2011

Course Coordinator: Leo Ruschena

Course Coordinator Phone: +61 3 9925 1982

Course Coordinator Email:

Course Coordinator Location: City 3.2.9

Course Coordinator Availability: by appointment

Pre-requisite Courses and Assumed Knowledge and Capabilities

Requires understanding of risk management model and of legal framework for the workplace as supplied by successful completion of , for example BUSM1772/BUSM 1665 ‘Risk Management’ and JUST2287 ‘ OHS Law and Rehabilitation’, an equivalent course or provide evidence of equivalent capabilities.

Course Description

This course builds upon the material of Risk Management (BUSM1772, BUSM 1665), and focuses upon the practical application of Risk Management theory. The course also introduces students to a number of concepts in industrial relations within the context of the occupational health and safety risk. It includes a critical review of available risk management technologies to ensure the selection of an applicable technique to a series of case studies. Students will work through the practical implementation / application of a risk management proposal and assess its effectiveness in the nominated application. Complementary application of the hierarchy of controls will lead to minimization of worker risk in the most cost-effective manner.

Objectives/Learning Outcomes/Capability Development

Apply OHSMS and Risk Management techniques within a wide range of industrial applications and be able to take into account Australia’s industrial relations system, including EEO, OHS and related topics.

The learning activities included in this course are:

• attendance at lectures where syllabus material will be presented and explained, and the subject will be illustrated with demonstrations and examples;
• completion of tutorial questions and laboratory projects designed to give further practice in the application of theory and procedures, and to give feedback on student progress and understanding;
• completion of written assignments consisting of numerical and other problems requiring an integrated understanding of the subject matter; and
• private study, working through the course as presented in classes and learning materials, and gaining practice at solving conceptual and numerical problems.

Understanding of OHS risk management as required under OHS legislation and as impacted by such workplace issues as industrial relations. 

Overview of Learning Activities

Lectures, assignements and presentations.

There will be workplace audits to consolidate learning.

Overview of Learning Resources

Recommended texts are:

Fuller C and Vassie L, [2004] Health & Safety Management, Prentice Hall


Teicher J; Holland P, Gough R; [2002] Employee Relations Management , Prentice Hall


Bray, Deery, Walsh, Waring (2005) Industrial relations, McGraw-Hill Irwin

Overview of Assessment

A practical understanding of auditing and how industrial relations affects safety will be required by the student and will be assessed by two field audit reports, two Industrial relations assignments and a Risk related assignment.