Modiwl HMB-3204:
Corporate Risk Management
Corporate Risk Management 2024-25
HMB-3204
2024-25
Ysgol Busnes Bangor
Module - Semester 1
10 credits
Module Organiser:
Debbie Gilliland
Overview
To examine the identification, measurement, control and financing of pure risks in business organisations.
The module includes:
The nature of risk management (Traditional vs. Enterprise risk management); Risk identification (Techniques for identifying 'what could go wrong'); The firm's loss exposures (Asset, Personnel, Liability and Consequential loss risks); Risk measurement and probability distributions (Numerical techniques for measuring risks); Risk control tools (Risk Avoidance, Separation, Combination, Transfer and Loss Control); Risk financing (Techniques for retaining and transferring risk financing); Insurance and the alternatives (Optimum use of insurance in relation to other risk management tools); Legal aspects of insurance and insurance contracts (Laws relating to Insurance suppliers and purchasers); Dealing with insurers (Good practice for insurance purchasers when arranging cover).
Assessment Strategy
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
-good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
-excellent -A- to A+ (70%+): Outstanding Performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
-another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
Learning Outcomes
- Analyse and evaluate uses and limitations of probability concepts and statistics for making risk management decisions.
- Critically evaluate different methods for dealing with pure risk effectively.
- Critically evaluate the nature and effectiveness of alternative risk management strategies.
- Evaluate the effectiveness of alternative risk management techniques in order to create an optimal risk management strategy.
- Evaluate the uses and limitations of insurance as a risk management device.
- Understand risk control and risk financing techniques.
Assessment method
Essay
Assessment type
Crynodol
Description
Write an essay chosen from a list of topics.
Weighting
25%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
A formal 1.5 hour exam in which students answer any two questions from five.
Weighting
75%