Module title: Corporate Risk Management (Online)

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN09404
Module leader: Tienyu Hwang
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

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2018/9, Trimester 2, Online,
Occurrence: 001
Primary mode of delivery: Online
Location of delivery: WORLDWIDE
Partner:
Member of staff responsible for delivering module: Tienyu Hwang
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
This module is delivered in taught and distance learning mode and study guides are made available to students which take them through the syllabus. Each learning outcome is allocated either one or two units in the study guide. On the full-time taught mode, there is one two hour class per week across twelve weeks. An introductory lecture and a summary at the end of the semester along with one hour allocated to each unit in the syllabus. The first hour is in lecture mode with some discussion of key issues while the second consists of group work incorporating a powerpoint presentation and discussion. The presentation topics are related to the learning outcomes although, due to the need for everyone to participate in a presentation, some outcomes have more than one topic. The overall structure endeavours to encourage students to understand the wide range of issues which face organisations in terms of effective management of the risks which confront them. In doing this, every effort is made to ensure that the theoretical approach is combined with practical examples.

Embedding of employability/PDP/scholarship skills

Key employability skills are embedded: Group work in that students prepare their tutorial presentations in small teams. Communication - written through coursework and examination and oral in the delivery of the group presentation. IT through the preparation of the powerpoint presentation. Business awareness through the efforts made to understand the ways in which risks are managed in a practical business environment.

Assessment (formative and summative)

Formative assessment incorporates an essay of around 4,000 words in length. The emphasis in the assignment is be relevant to modern risk management as well as risk financing. Students are expected to cover a number of the learning outcomes in dealing with an assessment of the overall risk management process followed by organisations. Summative assessment is an end of semester examination covering

Formative Assessment:
Formative assessment incorporates an essay of around 4,000 words in length. The emphasis in the assignment is be relevant to modern risk management as well as risk financing. Students are expected to cover a number of the learning outcomes in dealing with an assessment of the overall risk management process followed by organisations.

Summative Assessment:
Summative assessment is an end of semester examination covering all learning outcomes in the module.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Online Groupwork (Scheduled) 4
Online Guided independent study 196
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Digital Examination (not Centrally Timetabled) 10 1 - 6 2 HOURS= 5, WORDS= 0
Report 90 1 - 6 14 HOURS= 0, WORDS= 4000
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Description of module content:

Features of risk, levels of risk, classification of risk, cost of risk, organisation of risk
Essentials of risk management, risk identification methods, risk analysis and evaluation, physical and financial control methods
Risk behaviour analysis, risk and decision-making
Loss prevention and reduction, loss accumulation
Contingency planning, business continuity planning, disaster recovery concept and techniques
Insurance and non-insurance transfer, limitations and constraints of insurance, advantages of insurance
Risk financing, full and partial retention alternatives, captives
The emerging concept of enterprise risk management

Learning Outcomes for module:

12. Learning Outcomes for module
LO1: Critically review the philosophy of risk management and its application in different organisations
LO2: Critically evaluate the techniques of risk management in a variety of situations and in response to changing risk patterns
LO3: Analyse the impact of human behaviour on attitudes to risk
LO4: Critically appraise the factors risk managers need to take into account in order to prevent or restrict the extent of loss
LO5: Analyse and evaluate the various financing techniques available to the risk manager in dealing with risk
LO6: Analyse the current developments which are taking place in the area of risk management, in particular, the more holistic approach which is incorporated in the concept of enterprise risk management

Indicative References and Reading List - URL:

Core - MALCOLM, PETTIGREW CORPORATE RISK MANAGEMENT: EDINBURGH NAPIER UNIVERSITY BOOKLET, 3rd ed.
Click here to view the LibrarySearch.