The Risk Management Spectrum
Duration
- One Semester or equivalent
Contact hours
- 36 hours or equivalent
2021 teaching periods
Hawthorn
| Higher Ed. Semester 1 | Higher Ed. Semester 2 | |
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online
| Teaching Period 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Aims and objectives
pre 2020 unit code MGT60035
This unit aims to critically analyse and synthesise conventional and disruptive frameworks for assessing risk and its significance for achieving strategic objectives. Students will be encouraged to consider exploiting uncertainty for success rather than the predominant view of what can go wrong. This will involve exploring how organisations need to adapt, restructure, organise, communicate, and recruit differently. Real, field-based case studies of projects implemented within complex operating environments will be evaluated and students will have the opportunity to solve challenges presented by industry.
Students who successfully complete this unit will be able to:
1. Develop a critical understanding of conventional and disruptive risk frameworks
2. Demonstrate a coherent knowledge of the various types of risk to business continuity in the context of an increasingly interconnected, highly networked world3. Communicate effectively to internal and external stakeholders as a professional and function as an effective team member or leader
4. Research, design and implement non-linear problem-solving methodologies using general strategic risk assessments
5. Critically analyse, synthesise and implement methods of risk adaptation for project management in complex environments
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Scheduled hours: Seminar (12 x 3 hours)
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
1. Assignment 1 (Individual) 10-20%
2. Assignment 2 (Individual) 40-50%
3. Assignment 3 (Group) 30-40%
General skills outcomes
• Teamwork skills
• Problem solving skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
• Problem solving skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
Content
• Perceptions of risk and heuristics
• Risk and significance to strategic objectives, decision and taking action
• Understanding the difference between complicated and complex
• Types of risk – Geo-political, non-technical, operational, market and compliance risk
• Communicating risk
• Understanding strategic risk
• Risk identification techniques
• Analyses of risk drivers
• Risk assessment tools
• Disruptive risk frameworks
• Adaptation (non-human and human systems)
• Exploiting uncertainty
• Implementation and real-time risk adaptation
• Natural risk mitigation
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.