Module Code: H7ARM
Long Title Advanced Risk Management
Title Advanced Risk Management
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: Philip Shanahan
Module Author: David McCarthy
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Identify and analyse risks using risk identification techniques.
LO2 Describewhat risk perception is, and how personal biases can influence risk management.
LO3 Align risk management with an organisations business strategy.
LO4 Understand where risk management fits within corporate governance.
LO5 Conduct both qualitative and quantitative risk analysis.
LO6 Assess how well risk management is performing in an organisation.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Risk Management & Corporate Governance
•Corporate governance models •OECD principles •Stakeholder expectations •Risk management •Internal audit
Aligning Risk Management with the Organisation’s Strategy
•Role of risk management in developingstrategy •Analysis of the organisation’s business model •Risk evaluation & decision-making
Risk Management Framework
•Risk architecture –roles & responsibilities, reporting, controls etc. •Risk management strategy –embedding riskmanagement in the organisation •Risk management protocols –classification, documentation, procedures etc.
Types & Sources of Risk Information
•Finding relevant risk-related information •Internal & external causes of risk •ISO 31000 –context
Risk Perception
•Attitudes on risk perception •Individual v group attitudes •Influence of perception on risk analysis
Risk Identification Techniques
•Different risk identification techniques •Selecting which techniques are most suitable for the organisation •Risk identification workshops •Opportunities and threats
Qualitative & Quantitative Risk Analysis
•Determining relevant impact and likelihood scales •Needto be objective and consistent •Use of the organisation’s financial information•Use of modelling techniques •Prioritising risks
Risk Evaluation & Treatment
•Organisation’s risk appetite•Risk controls •Treatment approaches (the 4Ts) •Reporting
Risk Culture & Business Ethics
•Aspects of risk culture •Changing risk culture •Tone from the top •Corporate social responsibility •Importance ofreputation •Managing reputation risks •Ethical trading
Assessing the Performance of Risk Management in an Organisation
•Evaluating performance of the risk management function •Relevant KPIs •Reporting performance
Managing Crises
•Drivers of crisis management •Contingency planning and preparedness •Business continuity planning •Building resilience •Learning from past experiences
Assessment Breakdown%
Coursework100.00%

Assessments

Full Time

Coursework
Assessment Type: Assignment % of total: 100
Assessment Date: n/a Outcome addressed: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
n/a
No End of Module Assessment
No Workplace Assessment
Reassessment Requirement
Repeat failed items
The student must repeat any item failed
Reassessment Description
Specifically, where a learner fails to achieve a pass on this module, he/she will initially be provided with feedback from the lecturer and then asked to re-evaluate the research done and resubmit based on new research and the feedback received. An appropriate timescale will be provided. A second failure will mean the learner will be given a new assignment and will be given appropriate time to complete and submit. A third failure will mean that the learner must repeat the module. Further information can be found in Section 5.10.1of this document.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 14 Per Semester 1.17
Tutorial No Description 10 Per Semester 0.83
Independent Learning No Description 105 Per Semester 8.75
Total Weekly Contact Hours 2.00
 

Module Resources

This module does not have any book resources
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: