Risk Management (5 cr)

Evaluation scale

H-5

Objective

The student has an overall understanding of risks, risk management and corporate security and their meaning in business. He/she recognises internal, external and international risks.
The student is able to identify and assess risks and is able to apply risk management tools.
The student recognises risk management as a crucial part of business management.
He/she knows regulations and ethical principles governing the safety of business and risk management.

Competences: Law and Risk Management Competence

Content

- risk management

- corporate security

- different types of risks

- risk assessment

- risk management plan

- risk management tools

- risk management regulation

Materials

Materials provided during study unit. 

Teaching methods

Lectures, independent study, group assignment.

Employer connections

Group assignment is done for a real company.

Exam schedules

Exam in April.

Student workload

The scope of the course is 5 ECTS, which means about 130 hours of work. Group work will make up a significant part of this study unit.

Assessment criteria, satisfactory (1)

Level 1
Risk Management:
The student recognises the basic terms and concepts of risks and risk management and corporate security and is able to identify business risks and risk management tools.
He/she recognises risk management as a crucial part of business management.
He/she knows some regulations governing risk management and corporate safety.

Level 2
Risk Management:
The student understands independently terms and concepts of risks and risk management and corporate security and knows business risks and risk management tools.
The student can use some of tools in basic level.
Under her/his guidance he/she understands guided management as a crucial part of business management.
He/she knows regulations governing risk management and corporate safety

Assessment criteria, good (3)

Level 3
Risk Management:
The student is able to make a risk assessment and choose risk management tools and use them accordingly.
He/she understands risk management as a crucial part of business management.
He/she understands risk management and corporate security terms and regulation.

Level 4
Risk Management:
The student is able to make a risk assessment and risk management plan and assess them.
He/she understands well risk management as a crucial part of business management.
He/she understands risk management and corporate security terms and regulation.

Assessment criteria, excellent (5)

Level 5
Risk Management:
The student is able to make a risk assessment and risk management plan and assess them critically.
The student has a command of the risk management and corporate security terms and regulation.
He/she understands risk management as a success factor in business ensuring a company’s operations.

Qualifications

NULL