A two-hour unseen, closed-book examination (100%).

Learning
-The theory and practice of risk that impacts the effectiveness and efficiency of the core process of an organization

The purpose and core elements of the risk management process within an organisational context, including:
-Risk assessment
- Risk analysis and evaluation
- Risk response and Business continuity
- Risk Strategy, control and risk reporting- Managing uncertainty
- identifying risk appetite

Practice
Risk Management techniques and evaluation
-Approaches on risk response and business continuity.

-The role of Risk Governance, Leadership and Communication
Current trends in risk management such Enterprise Risk Management, Operational Risk Management will be covered through practice/problem-based case examples that takes account of reaction

1. Assess the nature, scope and impact of risk and uncertainty in the business context and show a keen appreciation for attitudes to risk and the consequences of loss in the modern world. (Knowledge and Understanding)

2. To demonstrate critical understanding of a) the meaning of risk: b) the different categories of risk; c) the role and purpose of risk management; d) the core elements of the risk management process; e) the attributes of communication and leadership within risk management (Learning)
3. Develop and apply the relevant evaluation to assess enterprise risk management and operational risk management and take appropriate action in the face of risk and uncertainty.
(Problem Solving)

4. Reflect upon the role of risk & uncertainty faced by management and leadership and appreciating the random nature of global events in the context of underpinning strategic agility and drive for results competencies (Reflection)

There will be a number of core lectures followed-up by a corresponding number of tutorial and face-to-face sessions utilising problem/practice-based case examples. There will case studies and indicative worked examples on a problem-solving basis to augment the in-class teaching resources as well as videos and on-line materials.

This module requires a commitment in the region of 150 teaching & learning hours:

Approximately 39 hours of face-to-face class support comprising 12 lecture hours and 24 seminar and workshop hours plus approximately 111 hours of independent and self-motivated study for the MBA FT and PT.
For the SLDMA and MBA (Blended Learning; BL), there will be 9 hours of face-to-face class support comprising 3 lecture hours and 6 seminar and workshop hours plus 10 x 1-hour webinars plus approximately 131 hours of independent and self-motivated study for the MBA FT and PT.
Furthermore, this will include participation in peer group discussions and relevant independent study on the basis of themed topics.

BL is defined as the thoughtful integration of each of the following in order to maximise student flexibility:
- Independent study (student reading/research and assessment preparation);
- Guided independent study (homework, group tasks and e-support in Blackboard);
- Online scheduled contact time (at least 10% of total contact time is online lessons where the tutor is present) and
- Classroom contact time.
Learning activities may include (this list is not exclusive):
- Presentation activities;
- Structured discussion activities;
- Group work activities;
- Reflection activities;
- Formative and summative assessment activities;
- Problem-based learning activities.

-Virtual Learning Environment (VLE) teaching and other support material to aid independent and self-motivated learning
-Module handbook and weekly tutorial problem-solving sheets including key reading lists
-Briefing papers written by the team delivering the module to tailor the content to the class
-Specified textbooks and web-sites containing key data and up-to-date information
-Directed reading from current affairs taking into rapidly changing news events especially on financial markets.
-Problem/practice based case examples.

Renn, O., 2017. Risk governance: coping with uncertainty in a complex world. Routledge.
Bourrier, M. and Bieder, C. eds., 2018. Risk Communication for the Future: Towards Smart Risk Governance and Safety Management. Springer.
Taylor-Gooby, P. and Zinn, J.O. eds., 2006. Risk in social science. Oxford University Press.
Dorfman, M. and Cather, D. Introduction to Risk Management and Insurance Tenth Edition (2015). Prentice Hall
Dorfman, M. and Cather, D. Introduction to Risk Management and Insurance Tenth Edition (2015). Prentice Hall

Malkeil, B. A random walk down Wall Street Latest Edition (2015). W. W. Norton and Company

Taleb, N. N. The Black Swan: The impact of the Highly Improbable (2007). Penguin
Hopkin, P., 2018. Fundamentals of risk management: understanding, evaluating and implementing effective risk management. Kogan Page Publishers.

An innovative module that covers the core principles of risk and uncertainty in a business context. These concepts are applied to the main ways to manage risk such as insurance and hedging within financial markets. The aim of the module is to provide clear strategies for decision-makers to deal with risk and uncertainty despite a rapidly changing and unpredictable economic environment.