Enterprise Risk Management – 2024S2

Note: this subject is only available for students within the Phase 2 learning stage of the Graduate Diploma in Chartered Governance Professional qualifying program. Please check the subject outline for more information on this subject prior to enrolling.

Class timetable (AEST/AEDT)

Group 1
Lectures: Monday 5:30 PM / Discussion: Wednesday 1:30 PM

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:

1. Enterprise Risk Concepts
2. Risk Types and Categories
3. Risk Policy and Leadership
4. Risk Disciplines and Perspectives
5. ERM in Practice
6. ERM, Governance and Reputation
7. ERM: Social and Organisational Context
8. The Benefits of ERM
9. Emergent Risks
10. ERM Documentation and Reporting
11. ERM: Current Issues
12. ERM: Key Themes and Revision

Required texts:

ISO 31000:2018 – Risk Management: Guidelines