Study Guide

Objective

After completing the course, the student is able to:
- describe the general risk management process
- identify, evaluate and analyze the risks in the context of quality management at his/her own field
- identify, evaluate and analyze product development risks and/or process risks
- identify, evaluate and analyze project risks
- manage legal risks
- select applicable risk management methods for his/her own field

Content

- General risk management terms and definitions
- General risk management process
- Management of legal risks (e.g. corporate sustainability due diligence)
- Project risk evaluation and risk plans
- Applicable risk management standars (e.g. SFS-EN14971)
- Selection of risk evaluation tools and methods

Materials

Suggested article list in ItsLearning,
Industry Specific Risk Management Standards
and other materials provided by the lecturers.

Teaching methods

Course is 100% online and instruction language is English, but the final output (= report) can be done in Finnish. If all participants are Finnish-speaking, kick-off and discussions can also be held in Finnish.

Pre-assignments will be opened for you min 1 week before the meeting.
Mainly independent & self-directive learning
Collaborative asynchronous discussions with other students on discussion forums

Exam schedules

no exams

International connections

Innovation pedagogy, flipped learning

Student workload

Total, average student work is about 133h. Webinars cover about 16h, all remaining in individual learning, assignment works including student group collaboration.

Introduction to the theme and terminology: pre-reading list + multiple choice test

Designing and implementing risk analysis framework and tools for your own business field or organisation (or other institution, brand etc.)

Reporting results and suggestions.

Self-evaluation of learning and individual learning diary.

Content scheduling

General risk management terms and definitions
- General risk management process
- Management of legal risks (e.g. corporate sustainability due diligence)
- Project risk evaluation and risk plans
- Applicable risk management standars (e.g. SFS-EN14971)
- Selection of risk evaluation tools and methods

Further information

ItsLearning

Evaluation scale

H-5

Assessment methods and criteria

Grading of the course is done as follows:
Terminology multiple choice test 20 %
Participation for contact lessons 10 %
Group work report and presentation 30 %
Personal Learning Diary 40 %
Course can be approved when all the assignments are passed at least with the minimum grade.

Assessment criteria, fail (0)

Quantity:
Assignments are not completed to an acceptable level.
Quality:
The minimum learning objectives are not met (see course description),
There is a lack of knowledge of academic conventions.

Assessment criteria, satisfactory (1-2)

Quantity:
Research, thinking, communication and reflection are acceptable
Quality:
Appear to grasp theory and have made a start in showing its applicability.
Knowledge of academic conventions is inadequate.

Assessment criteria, good (3-4)

Quantity:
Research, thinking, communication and reflection are good.
Quality:
General understanding of theory and application in real-life context
Knowledge of academic conventions is good, although there may be systematic minor errors.

Assessment criteria, excellent (5)

Quantity:
Mastery of theory and penetrating insights in real-life context
Quality:
Outstanding research, thinking, communication and reflection
Knowledge of academic conventions is excellent.