Part A: Introducing risk management
1.The emergence of risk
The origins of the risk discipline in OH&S, insurance, project management and financial derivatives. Influence of key writers such as Beck and Adams.
2.The corporate governance agenda
The influence of Cadbury, corporate failures at Enron and WorldCom, Sarbanes-Oxley, the King Report, audit and risk committees.
3.Corporate governance and risk management in the public and not-for-profit sectors
Part B: A strategic perspective on Enterprise Risk Management
4.Towards Enterprise Risk Management (ERM)
The traditional approach to risk management compared with ERM. Various models of risk management, e.g. COSO (US), the IRM (UK), the Australian risk standard, Basel, etc.
5.Risk and strategy: product/markets, supply chain, competitive position, brands, regulation, technology change, reputation, distribution channels. Risk and sustainable competitive advantage.
Types of risk and the advantages of categorisation
7.Techniques for identifying and assessing risks
Likelihood/consequences. Risk registers. Risk reviews.
8.The manager's role in risk management
Role of the risk manager. Risk management groups. Risk management software. Risk management policy
9.Risk and culture
Risk appetite. National, organisational and professional cultures. Embedding risk into the organisation.
Part C: Risk applications in the organisation
10.Risk and financial reporting
Reporting to shareholders, divisional performance measurement
11.Risk and financial decision making
Budgeting, profitability analysis, capital investment
12.Risk and information systems
Systems design, development an