Study Guide

Objective

Students will be conversant with the concept of risk management and the risk management process. They will be able to identify, assess and manage business risks. Students will complete a risk management plan of a real or fictitious company according to the instructions given on the course pages.

Content

Risk management, the risk management process. Identification, assessment and management of business risks.

Evaluation scale

0 - 5

Assessment criteria, excellent (5)

The students are able to analyze, compare and critically assess the implementation and various options of the risk management plan based on independently acquired knowledge. They are able to analyze the plan’s level of goal-orientation and productive results.

Assessment criteria, good (3)

The students can describe and justify the different parts of the risk management plan, are able to work independently to achieve objectives with acquired knowledge and some guidelines, and can apply the methods and models of the risk management plan. They can work independently to achieve their objectives and justify their actions according to professional ethical standards.

Assessment criteria, satisfactory (1)

The students are able to define and use the basic concepts associated with a risk management plan according to professional ethical standards. Their plan will contain enough information for a company to implement its risk management.