Understanding Risk Management

SCM30002 12.5 Credit Points Hawthorn, Online Available to incoming Study Abroad and Exchange students

Duration

  • One Semester or equivalent

Contact hours

  • 36 Hours

On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.

2022 teaching periods

Hawthorn

Higher Ed. Semester 1

Dates:
28 Feb 22 - 29 May 22

Results:
5 Jul 22

Last self enrolment:
13 Mar 22

Census:
31 Mar 22

Last withdraw without fail:
15 Apr 22

More teaching periods

Swinburne Online

Teaching Period 1 Teaching Period 3

Dates:
14 Mar 22 - 12 Jun 22

Results:
5 Jul 22

Last self enrolment:
27 Mar 22

Census:
8 Apr 22

Last withdraw without fail:
29 Apr 22

Dates:
7 Nov 22 - 5 Feb 23

Results:
28 Feb 23

Last self enrolment:
20 Nov 22

Census:
2 Dec 22

Last withdraw without fail:
23 Dec 22


Prerequisites

175 Credit Points from a Bachelors Degree

Aims and objectives

Previous unit code: BUS30016 
 
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. This Unit uses a structured approach and involves students learning coordinated activities to enable them to recognise, manage, direct or control organisational risk. In this unit students will learn about risk management which involves introduction and approaches to risk management, risk assessment, risk response, risk strategy, risk culture, risk governance, risk 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.
 
After successfully completing this unit, students will be able to:
 
1. Demonstrate cognisance of different definitions and standards relating to risk management as well as their related organisational
2. Explain and apply various approaches to risk management and identify appropriate alternatives
3. Develop and articulate a range of risk assessments, responses and strategies appropriate to different types of organisations
4. Assess and evaluate risk culture within an organisation, and be able to recommend appropriate communication and training strategies associated with organisational risk
5. Assess and evaluate risk in relation to compliance relating specifically to governance and assurance issues