CONTEMPORARY ISSUES IN RISK MANAGEMENT

SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N322834
Module Leader Taylor Bourne
School Glasgow School for Business and Society
Subject Risk
Trimester
  • B (January start)

Pre-Requisite Knowledge

120 credit points at level 1 or equivalent in a related/relevant subject area.

Summary of Content

The module aims to examine the role of the risk management and its practical implementation within a range of commercial and public sector organisations. It builds on the already developed general knowledge in the area of risk during the first year, and goes beyond it by combining more rigorous academic framework with practically oriented topical risk management issues and case studies. The syllabus focusses on contemporary risk management concepts and ideas, which are equally important for public and private sector organisations.

Syllabus

-360b7 Introduction to risk management in organisational t. -360b7 Risk management standards. b7 Risk management in the private sector. b7 Introduction to Corporate Governance. b7 Overview of risk management in the public sector. b7 Drivers for risk management. b7 Operational risk management. b7 Strategies for managing risks -360b7 Relationship between risk management and other corporate functions. -360b7 Enterprise-wide risk management. b7 Standards for Enterprise-wide risk management. b7 Risk Management in banking and beyond the credit crises -360b7 Corporate social responsibility and reputation risk . b7 Risk and innovation.

Learning Outcomes

On successful completion of this module, the student should be able to:" Explain how risk management assists organisations in achieving their objectives," Critically evaluate the role of risk management in variety of organisations," Discuss the role, purpose and nature of risk management standards" Explain the relationship between risk management and other organisational functions," Provide the foundation for understanding corporate governance issues," Evaluate the impact of the credit crisis on risk management," Discuss and debate topical risk management issues," Appreciate the different scope of risk management in public and private sector context," Research, critically analyse and discuss risk management case studies.

Teaching / Learning Strategy

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Indicative Reading

-567 Books and articles: Module readers will be provided and a lengthy list of books, journals and online material is provided in the Module Handbook. For example: Woods, M. (2011) Risk Management in Organisations: An integrated case study approach, Routledge. Chapman, R. J. (2011) Simple Tools and Techniques for Enterprise Risk Management, John Wiley & Sons Reuvid, J. (2012) Managing Business Risk: A Practical Guide to Protecting Your Business, Philadelphia, Kogan. Hubbard, D. (2009) The Failure of Risk Management: Why It's Broken and How to Fix It, John Wiley & Sons, Hoboken, New Jersey. (http://www.amazon.co.uk/Failure-Risk-Management-Why-Broken/dp/0470387955/ref=pd_sim_b_4#reader_0470387955) Fraser, J. and Simkin, B. (ed.) (2010) Enterprise Risk Management, Today's Leading Research and Practice for Tomorrow's Executives, John Wiley & Sons. Edwards, P. J. (2004) Risk Management in project organisations, Butterworth, Heinemann. Andersen, T.J. (ed), (2006), Perspective on Strategic Risk Management, CBS Press. Asenova, D. (2009) Risk Management in Private Finance Initiative Projects, Lambert Academic Publishing. Honey, G. (2009) A Short Guide to Reputation Risk, Gower Publishing Ltd.

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: Working individually and in groups, students are encouraged to develop personal transferable skills through classroom discussion, oral presentations using visual aids and report writing. In addition, students develop problem solving and analytic skills by applying knowledge gained from the theory and practical examples. Thus the module will enhance students' analytical skills and their ability to analyse concepts from different organisational contexts. At seminars, students will work in small groups and deliver seminar presentations.

Module Structure

Activity Total Hours
Tutorials (FT) 22.00
Assessment (FT) 34.00
Lectures (FT) 22.00
Independent Learning (FT) 100.00
Seminars (FT) 22.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (Exams Office) 2.00 50.00 35% Unseen exam
Course Work 01 1.00 50.00 35% Report (2,000 words)