FIN08017 2022 Principles of Risk and Risk Management
Full Title
Principles of Risk and Risk Management
Transcript Title
Principles Risk Management
Code
FIN08017
Attendance
N/A %
Subject Area
FIN - Finance
Department
BUS - Business
Level
08 - NFQ Level 8
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Kerry Dolan, Clodagh Caslin
Programme Membership
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
SG_BFINV_K08 202200 Bachelor of Business (Honours) in Business with Finance and Investment (Add-on)
SG_BFINA_H08 202200 Bachelor of Business (Honours) in Finance and Investment
SG_BBUSB_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
Description
This module aims to provide the students with an introduction to the theory, principles of risk and risk management and to appraise current risk management thinking.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Explain the origins and key concepts relating to risk management
2.
Discuss the main risk management standards
3.
Outline the concepts of enterprise risk management
4.
Describe the main approaches to risk identification
5.
Explain the main approaches to the analysis and evaluation of risk
Teaching and Learning Strategies
The student will engage with the content of the module through lectures, case studies, problem based learning and the use of interactive multi media tools.
Module Assessment Strategies
The continuous assessment will consist of one of the following:
- Group project
- Written assessment
- Essay
- Report
Repeat Assessments
Repeat Final exam only
Indicative Syllabus
1. Concepts and definitions - Definitions of risk, impact of risk on organisations, introduction to types of risk, definitions and development of risk management, principles and aims of risk management.
2. Risk management standards - General risk management standards, alternative risk management approaches
3. Enterprise risk management implementing ERM and establishing the context for risk management.
4. Risk identification Risk assessment considerations, risk classification systems (risk identification), risk causes (sources) and consequences.
5. Risk analysis and evaluation: Introduction to risk analysis, risk likelihood and impact, loss control, defining the upside of risk, the importance of risk appetite (risk evaluation).
6. Risk responses and risk treatment Introduction to risk treatment and risk response, the 4Ts, risk control techniques, introduction to monitoring and review, insurance and risk transfer, business continuity planning (BCP) etc
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Continuous assessment will consist of one of the following: Group project, Written assessment ,Essay, Case Study, Report | Coursework Assessment | Assessment | 30 % | Week 6 | 1,2,3 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final Exam | Final Exam | Closed Book Exam | 70 % | End of Term | 1,2,3,4,5 |
Full Time Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Independent Learning | Not Specified | Independent | 4 | Weekly | 4.00 |
| Lecture | Tiered Classroom | Lecture | 3 | Weekly | 3.00 |
Total Full Time Average Weekly Learner Contact Time 3.00 Hours
Required & Recommended Book List
Required Reading
2018 Fundamentals of Risk Management
ISBN 0749483075 ISBN-13 9780749483074
2018 Fundamentals of Risk Management
ISBN 0749483075 ISBN-13 9780749483074
Get extensive coverage of the core concepts and frameworks of risk management with this ideal companion for emerging professionals.
Module Resources
Non ISBN Literary Resources
Journal Resources
URL Resources
Other Resources
None
Additional Information
None