Risk Management Project

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

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