STRATEGIC RISK MANAGEMENT

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN321387
Module Leader Claire MacRae
School Glasgow School for Business and Society
Subject Risk
Trimester
  • A (September start)

Pre-Requisite Knowledge

Society & Risk (M1N313398), Introductory Risk Management (M1N320440) or equivalent.

Summary of Content

This module will provide an understanding of risk management at a strategic level focussing on the relationship between strategic management and risk management in a variety of different organisational contexts. The module will also consider the potential benefits which can arise from an effective integrative risk management strategy.

Syllabus

-360 1. Understanding the strategic environment-relationship between strategic risk and operational risk -360 2. Integrating risk management and strategic management 3. Managing organisational change 4. Risk management culture 5. Strategic safety management 6. Procurement and contract management 7. Strategic decision making 8. Strategies for linking risk and opportunities including enterprise wide risk management 9. Strategic project risk management 10. Strategic performance 11. Waste Mangement from International, national and local perspective

Learning Outcomes

On completion of this module, the student should be able to:1. Demonstrate an understanding of the strategic environment2. Critically analyse the relationship between strategic and operational risk management issues3. Critically analyse the relationship between managing change and managing risk4. Examine and critically evaluate strategies for linking risks and opportunities as part of an integrative risk management strategy5. Critically discuss issues related to the philosophy of risk and risk infrastructure.

Teaching / Learning Strategy

The lectures will be supported by a programme of directed reading and structured exercises. Through the study of relevant cases, students will critically analyse risk management from a strategic perspective. In addition guest speakers will be used where appropriate to enhance the learning experience and knowledge base of the students.

Indicative Reading

Core Text Reuvid, J. (2010) Managing Business Risk: A Practical Guide to Protecting Your Business , Philadelphia, Kogan Recommended Reading Fraser, J. and Simkin, B. (ed.) (2010) Enterprise Risk Management, Today's Leading Research and Practice for Tomorrow's Executives, John Wiley & Sons. Hubbard, D. (2009) The Failure of Risk Management: Why It's Broken and How to Fix It, John Wiley & Sons, Hoboken, New Jersey Chapman, R. (2006) Simple Tools and Techniques for Enterprise Risk Management, John Wiley & Sons Johnson, G., Scholes. K and Whittington, R. (2007) Exploring Corporate Strategy: Text and Cases, 8 th Edition, Financial Times Prentice Hall Waring, A. and Glendon, I.A. (2007) Managing Risk, Thomson Learning Andersen, T.J. (ed), (2006), Perspectives on Strategic Risk Management, CBS Press McGee, J., Thomas, H., and Wilson, D. (2005) Strategy Analysis and Practice, McGraw Hill Higher Education .

Transferrable Skills

In addition to the attainment of the learning outcomes students will develop personal transferable skills in self-management, report writing, case study analysis, essay writing, problem solving and critical thinking.

Module Structure

Activity Total Hours
Assessment (FT) 40.00
Independent learning is 124 hours but is split across two entries of 99 and 25 99.00
Lectures (FT) 24.00
Tutorials (FT) 12.00
Independent learning is 124 hours but is split across two entries of 99 and 25 25.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 n/a 50.00 n/a Individual coursework, structured essay of 3000 words
Coursework 2 n/a 50.00 n/a Individual coursework, structured essay of 3000 words