Enterprise Risk Management

The subject allows students to develop an enhanced knowledge of enterprise risk management practices to assist the board, or other governing body to determine its strategic responsibility for risk-taking; demonstrate an understanding of how different risks operate within the context of existing enterprise management frameworks; formulate the organisation’s attitude and policy to risk appetite; tolerance for key individual risks and ensure clear lines of accountability.

 Learning outcomes

  1. Understand and apply the foundations, concepts, frameworks and principles of enterprise risk management
  2. Quantify and explain the intersections between enterprise risk management, governance and corporate social responsibility
  3. Critically apply methods for the development, enhancement and sustainment of robust risk culture supported by enterprise risk management
  4. Manage, critically appraise and report to relevant stakeholders, the organisation’s exposure to and treatment of risk and the key risks that could undermine its people, assets, operations, strategy, reputation or long-term viability

Indicative content

  • Enterprise Risk Concepts
  • Risk Types and Categories
  • Risk Policy and Leadership
  • Risk Disciplines and Perspectives
  • ERM in Practice
  • ERM, Governance and Reputation
  • ERM: Social and Organisational Context
  • The Benefits of ERM
  • Emergent Risks
  • ERM Documentation and Reporting
  • ERM: Current Issues
  • ERM: Key Themes and Revision

Required texts

ISO 31000:2018 – Risk Management: Guidelines

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