Study Guide

Objective

The aim of the study unit is to introduce to the students the concept of risk management. The students learn to recognise various risks involved in business operations and to know the methods used to avoid them. The course emphasises the systematic approach required in risk management and the fact that risk management must be an integral part of business management.

Content

The process of risk management
Various types of risks
Risk analysis and management

Teaching methods

Lectures
Group working
Reading and YouTube
Teams
Workshops
ITS-learning pages
Presentations

Exam schedules

All assignments and tasks are completed and returned in itslearning

International connections

Experiential learning, inquiry-based, case studies, collaborative, reflective, constructivism, and integrative

Completion alternatives

None

Student workload

53 hrs

Content scheduling

The process of risk management
Various types of risks
Risk analysis and management

Evaluation scale

H-5

Assessment methods and criteria

The assessment is based on a scale of: 1 - 5
Active participation in team
Individual assignment
Team assignment

Assessment criteria, fail (0)

The work does not reach the standard level of the course. There is no evidence of further reading or considered thought about the subject matter neither clear demonstration of familiarity with the various concepts.

Assessment criteria, satisfactory (1-2)

There is knowledge of core risk management material and concepts but the knowledge and the processing of knowledge is weak or limited. There is only little evidence of wider reading.

Assessment criteria, good (3-4)

The work is reasonably competent, though there may be some weaknesses. Knowledge of various risk management concepts is adequate and while there is evidence of reading beyond the class, it's patchy or not broad (3).
Reasoning; depth and breadth of reading (4)

Assessment criteria, excellent (5)

The work is well developed beyond that given; demonstrates sound conceptual knowledge in risk management and
The work reflect very high conceptual standard and demonstrate knowledge in risk management concepts and autonomous development of reasoning processing well beyond that given in class. There is clear evidence of depth and breadth in reading.