Overview

This unit introduces students to understanding, evaluating and implementing effective risk management. Students will be equipped with knowledge and skills to make informed decisions relating to organisational risk. The unit involves students learning coordinated activities to enable them to recognise, manage, direct or control organisational risk. Students will learn about risk management which involves introduction and approaches to risk management, assessment, response, strategy, culture, governance, assurance and specific management of various risk situations. This unit of study also focusses on risks that may arise in the workplace and at enterprise level.

Requisites

Prerequisites
SCM30002 Understanding Risk Management

Rule

175 credit points

Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 1
Location
Hawthorn
Start and end dates
26-February-2024
26-May-2024
Last self-enrolment date
10-March-2024
Census date
31-March-2024
Last withdraw without fail date
12-April-2024
Results released date
02-July-2024
Teaching Period 1
Location
Online
Start and end dates
11-March-2024
09-June-2024
Last self-enrolment date
24-March-2024
Census date
05-April-2024
Last withdraw without fail date
26-April-2024
Results released date
02-July-2024
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
09-February-2025
Last self-enrolment date
17-November-2024
Census date
29-November-2024
Last withdraw without fail date
27-December-2024
Results released date
04-March-2025

Learning outcomes

Students who successfully complete this unit will be able to:

  • Demonstrate cognisance of different definitions and standards relating to risk management as well as their related organizational impact
  • Explain and apply various approaches to risk management and identify appropriate alternatives;
  • Develop and articulate a range of risk assessments, responses and strategies appropriate to different types of organisations
  • Assess and evaluate risk culture within an organisation, and be able to recommend appropriate communication and training strategies associated with organisational risk
  • Assess and evaluate risk in relation to compliance relating specifically to governance and assurance issues

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
On-campus
Class
2.00 12 weeks 24
Online
Independent Learning
1.00 12 weeks 12
Unspecified Activities
Independent Learning
9.50 12 weeks 114
TOTAL150

Swinburne Online

Type Hours per week Number of weeks Total (number of hours)
Online
Directed Online Learning and Independent Learning
12.50 12 weeks 150
TOTAL150

Assessment

Type Task Weighting ULO's
AssessmentIndividual 40 - 60% 2,3,4,5 
AssignmentIndividual 30 - 40% 1,2,3,4 
TestIndividual 10 - 20% 1,2,3 

Content

  • Introduction to risk management
  • Approaches to risk management
  • Risk assessment
  • Risk response
  • Risk culture
  • Risk governance
  • Risk assurance
  • Risk management issues

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.