This project-based subject allows students to apply the knowledge, skills and tools from the pre-requisite subjects to produce a risk report based on risk management processes in their own workplace or another organisation of their choice.

 Learning outcomes

1. Critically evaluate material from the pre-requisite subjects and synthesise the learning into a coherent theoretical risk framework
2. Identify areas that risk management practices add value to organisations
3. Apply risk management theoretical frameworks, tools and techniques to a “real world” organisation and develop a risk management report that enhances the way that organisations treat risk
4. Develop the attributes of a critically thinking risk practitioner

 Indicative content

The subject comprises the following sessions:

Session 1 — Setting expectations

• Preparing the Risk Report Brief and Presentation
• Review of Principle 7 of the ASX Corporate Governance Principles and Recommendations
• Review of AS ISO 31000:2018 Risk management — Guidelines
• Review of financial services sector requirements
• Strategies for engaging with the workplace and key stakeholders

Session 2 — Reality check

• Risk Report Brief and Presentation discussion
• Discussion of successes and failures of workplace engagement
• Review of the audit function
• Review of the risk and compliance functions
• Review of organisational structures

Session 3 — Review

• Finalising the Risk Report Brief and recording of the Presentation
• Discussion and review of key areas from risk subjects previously studied in the course:
  • Risk management framework
  • Risk in context
  • Risk appetite and tolerance
  • Building a risk-aware culture
  • Case studies and subject review

Session 4 — Guidance

• Risk Report discussion
• Discussion and review of key content from risk subjects previously studied in the course:
  • Complexity and risk
  • Change risk
  • People risk
  • Risk from an enterprise-wide perspective

Session 5 — Reality check

• Review progress and discuss Risk Report
• Approaches to finalising the Risk Report

Session 6 — Conclusion

• Reviewing and editing the report: lessons learned
• Setting of outcomes

Required texts

As per pre-requisite subjects