SESC4211 — Risk Management

COURSE COORDINATION

Coordinator :	Dr Daniela Leonte
Contact Details :	Tel : (+612)93854744   •   Fax : (+612)93856190   •   Email : d.leonte@unsw.edu.au

DELIVERY DETAILS		[ Current Schedules and Locations ]

Mode	Session	Type
On Campus	1	session
On Campus	1	session

COURSE DETAILS
Units of Credit :	6
Prerequisite Courses :	NONE -
Assumed Knowledge :	NONE -
Description :	In on campus mode, this course runs as lectures and web delivery. This course discusses risk management as a means of maximising opportunity and minimising loss and as an aid to making management decisions in a climate of uncertainty. The lectures follow the sequence of the steps of the risk management process as outlined in the Australian Standard for Risk Management (AS4360). Tools and techniques applicable to each step of the risk management process are applied to a range of issues and risks including, project management, introducing new technology, IT, outsourcing, liability, safety, and the environment. This course is relevant as part of a wide variety of programs and students from any program are accepted. Students select examples for exercises and a case study assignment to suit the industry and role in which they work or hope to work.
Objectives :	At the end of this course students should be able to:   Describe and explain the steps of the risk management process Discuss means of implementing a risk management culture and processes into an organisation. Apply the risk management process to specific decisions which must be made or to specific risks with which an organisation is faced. Describe briefly different tools which are used to identify and assess risks.
Reading :	AS/NZS4360 1999 Australian Standards Association Useful references Handbooks under AS4360 including risk management in public sector, outsourcing, environment, and healthcare. published by Australian Standards Owning the Future David Elms published by CAE Canterbury University NZ

ASSESSMENT
Details Due Date Weight Case study on risk management issue 00/00/2006 30% Risk data analysis 00/00/2006 20% Exam 00/00/2006 50%

COURSE SCHEDULE
Week 1 :	Introduction to Risk and Risk Management. Risk Communication
Week 2 :	Establishing the Context and Strategic Risk Management
Week 3 :	Identification of Risk
Week 4 :	Qualitative Risk Analysis
Week 5 :	Risk Analysis from Past Data
Week 6 :	Probability Distributions
Week 7 :	Risk Analysis using Financial and Engineeering models
Week 8 :	Fault Trees, Event Trees and Decision Trees
Week 9 :	Human Error and Risk
Week 10 :	Risk Evaluation and Decision Making
Week 11 :	Risk treatment and Risk Financing
Week 12 :	Business Continuity Management and Risk Recovery
Week 13 :	Implementation of Risk Management Monitoring and Review
Week 14 :	Case Studies

LEARNING RESOURCES
The University of New South Wales provides a range of resources to help students develop their skills and to realise their full potential. The Learning Centre, located at the entrance to the Library provides guidance material, which is also available on-line.
	The University also provides academic orientation programs called MyStart and ReStart for both new and returning students to help them in their transitions into academia..