700.902 (17W) Risk Management
Overview
- Lecturer
- Course title german Risk Management
- Type Lecture - Course (continuous assessment course )
- Hours per Week 1.0
- ECTS credits 2.0
- Registrations 9 (40 max.)
- Organisational unit
- Language of instruction English
- possible language(s) of the assessment English
- Course begins on 13.12.2017
- eLearning Go to Moodle course
Time and place
Course Information
Intended learning outcomes
This course will examine the way in which business and society make an assessment of, control and transfer risk. Students will be prepared to develop an awareness of challenges, the tools, and the process of designing and implementing a risk management program. Selected approaches to quantify, manage and control risks will be discussed in detail.
Intended learning objectives: Students...
- are familiar with the risk management terminology
- know the fundamentals of decision-making under risk
- have knowledge on the structure of the risk management process (and its organizational context & the legal frameworks)
- have knowledge on the activities and selected methodologies during the different phases of the risk management process
- have knowledge on relevant clusters of risks
- have advanced knowledge on selected topics of risk management (presentations)
- are aware of the psychology of risk management
- know practical applications of risk management (through case-studies)
Teaching methodology including the use of eLearning tools
Presentations, case studies, discussions
Course content
- Risk management fundamentals
- Introduction to risk management
- Risk management in practice
- Selected topics of advanced risk management
- Risk management in practice (case study)
Prior knowledge expected
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Literature
Ben-Daya, M. (2009). Failure mode and effect analysis. In Handbook of maintenance management and engineering (pp. 75-90). Springer
London.Chartered Institute of Management Accountants (2004). Enterprise Governance. CIMA, London, United Kingdom.
Collier, P.M. (2009). Fundamentals of risk management for accountants and managers. Tools and techniques. Butterworth-Heinemann/Elsevier, Burlington, USA.
COSO (2004). Enterprise risk-management. Integrated framework. Committee of Sponsoring Organizations of the Treadway Commission, United States.
Eisenführ, F., Weber, M. (2003). Rationales Entscheiden, 4th edition, Springer, Berlin, Germany.
Geiersbach, K. (2011). Praxisorientierte Gestaltung und Prüfung des Risikomanagements, Der Beitrag der Internen Revision zur Corporate Governance. Gabler. 347-395.
Gleißner, W. (2011). Grundlagen des Risikomanagements in Unternehmen. 2. Auflage, Vahlen, München, Deutschland.
Gleißner, W./Romeike, F. (2005). Risikomanagement - Umsetzung, Werkzeuge, Risikobewertung, Haufe-Lexxware, Freiburg, Deutschland.
Institut für interne Revision Austria (2015). Das unternehmensweite Risikomanagementsystem aus der Sicht der internen Revision, 2nd edition, Linde Verlag, Vienna, Austria.
Institute of Risk Management (2002). A risk management standard, URL: https://www.theirm.org/media/886059/ARMS_2002_IRM.pdf
International Federation of Accountants (1999). Enhancing Shareholder Wealth by Better Managing Business Risk, Price-Waterhouse-Coopers, New York, USA.
Klipper, S. (2015). Information security risk management, 2nd edition, Springer-Vieweg, Wiesbaden, Germany.
Link to further information
www.aau.at/csu
Examination information
Examination methodology
presentations, written exam
Examination topic(s)
the topics discussed in the course
Assessment criteria / Standards of assessment for examinations
- Attendance (75% at least: )mandatory
- Active participation (oral, feedback): 20%
- Presentation: 30%
- In-class assignments (case studies): 30%
- Final written exam: 20%
- Positive assessment of all parts in order to pass the class
Grading scheme
Grade / Grade grading schemePosition in the curriculum
- Masterstudium Information and Communications Engineering (ICE)
(SKZ: 488, Version: 15W.1)
-
Subject: Management and Economics: Advanced (WI)
(Compulsory elective)
-
Controlling und strategische Unternehmensführung (
0.0h VK, VO, KU / 10.0 ECTS)
- 700.902 Risk Management (1.0h VC / 2.0 ECTS)
-
Controlling und strategische Unternehmensführung (
0.0h VK, VO, KU / 10.0 ECTS)
-
Subject: Management and Economics: Advanced (WI)
(Compulsory elective)
Equivalent courses for counting the examination attempts
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Wintersemester 2023/24
- 700.902 VC Risk Management (1.0h / 2.0ECTS)
-
Wintersemester 2022/23
- 700.902 VC Risk Management (1.0h / 2.0ECTS)
-
Wintersemester 2021/22
- 700.902 VC Risk Management (1.0h / 2.0ECTS)
-
Wintersemester 2020/21
- 700.902 VC Risk Management (1.0h / 2.0ECTS)
-
Wintersemester 2019/20
- 700.902 VC Risk Management (1.0h / 2.0ECTS)
-
Wintersemester 2018/19
- 700.902 VC Risk Management (1.0h / 2.0ECTS)
-
Wintersemester 2016/17
- 700.902 VC Risk Management (1.0h / 2.0ECTS)