Risk Management (3 cr)

Objective

Students will form a comprehensive view of business, human resource and accident risks associated with business operations. They will know risk management methods and be able to compile a risk management plan. They will understand the financial significance of taking controlled risks.

Content

Comprehensive risk survey and management of an SME as part of the enterprise's strategic planning and operative implementation.

Assessment criteria, satisfactory (1)

The students compile a risk management plan for an organisation in which they survey and partially control the organisation's risks. There may be problems or errors in the report.

If the report is compiled with another student, the assessment criteria will be more demanding.

Assessment criteria, good (3)

The students examine the minimum risk maps mentioned in the instructions and compile a risk management plan. The students have surveyed, assessed and controlled the risks of their chosen organisations using minimum risk maps mentioned in the instructions. The report must be compiled according to given instructions.

Assessment criteria, excellent (5)

The students examine the minimum risk maps mentioned in the instructions and also use other risk maps mentioned in the instructions and linked websites. The student's plan is creative and they have surveyed, assessed and controlled their chosen organisation's risks using the risk maps included in the instructions. Additionally they are required to write a report about a real company or to visit the company or interview a representative of the organisation or to critically and analytically comment on selected risk management methods. The report must be compiled according to given instructions.