Risk Management

MGDI71432 Risk Management 15 Semester 2 Postgraduate Taught Level 7 Dereje Regasa Unit coordinator 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 7.5 Nowadays, business environment is becoming complex and highly uncertain, both public and non-public organizations face an increasing challenges to undertake their activities. All investments, and most services, must undergo a risk assessment before they can be approved and implemented. Students in fields such as project management and finance need to understand the processes of risk management since most organisations and funding agencies demand a risk assessment before a project or investment is sanctioned. As part of corporate governance, most corporate entities are required to ensure risk assessments have been carried out and audited prior to sanction. Risk Management is considered to be an essential component of planning and managing projects and investments and for this reason is now taught in most academic institutions concerned with such approaches in the private, public and third sectors. Risk management is an ongoing process which addresses the risks associated with a project or investment over the lifetime of that project or investment. The understanding of risk management is essential to ensure that for all the stakeholders involved in a project or investment are aware of the risks associated with the project or investment (in terms of losses or gains), the impact of such risks and, most importantly, how those risks can be managed.  This course is designed to develop a systemic understanding of risk analysis and management processes at corporate/organizational, strategic business unit and project levels. The development of this understanding includes analysis of risks involved in projects and other types of investment, in particular, the impacts of those risks and the management of such risks. - Describe and discuss key concepts in projects and other types of investment, including risk, uncertainty, risk source and risk management- Understand how to undertake a risk management assessment- Be able to assess and manage risks at different levels of an organisation - Differentiate and appreciate different types of risk analysis (qualitative and quantitative)  - Understand the importance and operation of the tools and techniques used in risk analysis- Understand the role of the risk manager at each level of the organisation  - Ability to use a structure and process for performing risk assessment and managing its application in a range of contexts- Skills in presenting a risk assessment orally. The topics below indicate the content and organization of the learning process.Topics1: Introduction to the concept of risk uncertainty and sources of risk2: Evolution of Risk Management and the Risk Management Process3: Risk management process: Qualitative techniques4. Risk management process: Quantitative techniques5: Risk Management at Corporate and SBU Levels6: Risk Management at Project Level7: Risk management of portfolios of investments and modelling8: Climate risk: a case study10: Revision During the first week of the semester, the course unit convenor will introduce students to the module.Teaching and Learning resources will be circulated to students via VLE.The delivery of the course unit includes 9 sessions of lecturing and revision; tutorials ad workshops and presentation of assignments. 1 Written exam 50% 2 Written assignment (inc essay) 50% <ul><li>Final exam (2 hours)</li><li>Individual Essay (1,000 words)</li></ul> Feedback is provided for assignments via VLE. You will receive written feedback on your workshop assignment (group presentation), together with your mark, after the workshop. MSc Man & Imp of Dev Project MSc Man & Imp of Dev Project PGDT Taught Component Optional MSc Man & Imp of Dev Project MSc Man & Imp of Dev Project PGDT Taught Component Optional N Required Reading:Merna, T.  Al-Thani, F.F., (2008) Corporate Risk Management, (2nd Edition) Wiley, LondonSuggested Reading:Dionne, G., (2019). Corporate risk management: Theories and applications, Wiley Hoboken, New Jersey.Hopkin, P., (2018). Fundamentals of risk management: understanding, evaluating and implementing effective risk management. Kogan Page Publishers. Merna, T. (2010) Corporate Risk Management, (Faisal Al-Thani) (KINDLE)Peter Simon, (ed.) (1997) PRAM: project risk analysis and management guide Norwich: APM Group Ltd.Any other Risk Management related books and published articles Lectures 18 Tutorials 6 Work based learning 8 0 118