Risk Management (5 cr)

Evaluation scale

H-5

Content scheduling

- definitions of general terms related to risk management
- general approach to risk management
- managing risks effectively
- selection and application of risk assessment methods in your sector

Objective

The student is able to describe general risk management model.
Student is able to identify, evaluate and analyze risk in context of Quality Management.
Student is able to select applicable risk management tools, and know how to use the in his/her own field.

Content

- risk management general vocabulary
- risk management general framework
- managing risks
- risk evaluation tools for own specific fie

Materials

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

Teaching methods

Course is 100% online and instruction language is in Finnish.

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

Exam schedules

Grading is based on assignments.

Pedagogic approaches and sustainable development

Innovation pedagogy, flipped learning

Completion alternatives

None.

Student workload

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

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.

Evaluation methods and criteria

Grading of the course is done as follows:
Group work report and presentation 40 %
Personal Learning Diary 60 %
Course can be approved when all the assignments are passed at least with the minimum grade.

Failed (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)

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.

Further information

ItsLearning