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Risk Management Project

Key subject details

Subject Risk Management Project
Description This project-based subject allows students to apply the knowledge, skills and tools from the pre-requisite subjects to produce a risk report (the Project Report) based on risk management processes in their own workplace or another organisation of their choice.
Year of delivery 2024
Award Graduate Diploma of Applied Corporate Governance and Risk Management
Chartered Governance Institute Qualifying Program Chartered Governance Professional
Core/Elective Elective
Australian Qualification Framework (AQF) level 8
Subject credit points 10
Total course credit points 60
Pre-requisites Risk and Compliance

Enterprise Risk Management

Students will not be permitted to undertake Risk Management Project until these pre-requisite subjects are successfully completed.

Assumed knowledge None
Mode of study Online
Part-time/Full-time Part-time over one semester
Teaching weeks 12
Student workload 164 hours comprising:

  • two (2) time-tabled hours per taught week
  • ten (10) personal study hours per taught week
  • twenty (20) personal study hours for exam preparation
Assessment task (Weighting) Project Brief and Presentation (30%)
Project Report (70%)
Key contacts Further information to assist you in your studies at Governance Institute can be requested from: education@governanceinstitute.com.au.

Subject 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

Subject aims

  • To equip students with the skills to critically evaluate the material from Risk and Compliance and Enterprise Risk Management and synthesise this learning into a coherent, theoretical risk management framework applied to the student’s own workplace or organisation of their choice.
  • To equip students with the skills to practically apply theoretical risk management frameworks, tools and techniques to the student’s chosen organisation, identify areas to which risk management approaches can add value to the organisation, and develop a risk management report that enhances the way the organisation treats risk.
  • To enable students to identify areas where risk management approaches can add value to their chosen organisation through the student’s interactions with stakeholders and other students.
  • To enable students to develop the skills of analysis and critique which are necessary attributes for a critical-thinking risk practitioner.
  • To allow in-depth engagement in real world issues in risk management, including evidence of wider reading of major themes and debates in risk management, demonstrating the ability to synthesise relevant material from a range of risk management-related sources and show independent learning.

Indicative content

Discussion Forum Session 1 — Setting expectations

  • Welcome and introduction
  • Preparing the Project Brief and Presentation — expectations and information to set you on your way
  • 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 your workplace and key stakeholders

Discussion Forum Session 2 — Reality check

  • Project Brief and Presentation discussion — overview of where everyone is at, timeline for submission, challenges and obstacles encountered
  • Discussion of successes and failures of workplace engagement
  • Review of the audit function
  • Review of the risk and compliance functions
  • Review of organisational structures

Discussion Forum Session 3 — Review and reminder

  • Finalising your Project Brief and recording your Presentation — final chance to ask questions
  • 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

Discussion Forum Session 4 — Guidance

  • Project Report discussion — expectations and information that will set you on your way
  • 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

Discussion Forum Session 5 — Reality check

  • Review progress and discuss Project Report — overview of where everyone is at, timeline for submission, challenges and obstacles encountered
  • Approaches to finalising the Project Report — direct and indirect structures

 

Discussion Forum Session 6 — Conclusion

  • Reviewing and editing your report: lessons learned
  • How have you set out your outcomes?

Required resources

As per pre-requisite subjects.