This course aims to develop expertise in several aspects of Enterprise Risk Management including a thorough understanding of:
• the concept of ERM
• the drivers behind ERM - governance, regulation, improvements in understanding of risk and techniques for measuring and managing risk, enterprise value protection and creation etc
• practical aspects of ERM, including all elements of a robust risk management framework (people, systems, processes) and its operation, and critical success factors
• standards and good practice in use around the world
• the different types of risk - financial (including liquidity, credit, equity market, interest rate), insurance (including catastrophe, mortality, product options), operational, and strategic
• the quantification of risk, including tools and techniques and supporting mathematics with particularly strong skills in the financial aspects of risk management.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
Upon successful completion of the requirements for this course, students will be able to:
- Implement the basic steps in the risk management process for any individual type of risk and in aggregate
- Recognize how corporate governance issues can affect risk management within an organization, including organization structure and compensation incentives to accept or control risk
- Utilize the standard methods for reporting risk to boards and senior management
For the risks currently developed enough to be modeled effectively:
- Independently develop reasonable models to quantify risk by type and in aggregate, including parameterisation, running and explaining the model and the results to a variety of audiences
For other types of risk that do not currently lend themselves to sophisticated modelling:
understand the key issues related to these risks and demonstrate current understanding of new developments in these areas.
Indicative Assessment
The following is a proposed indicative assessment. All assessment will be compulsory.
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Workload
Ten hours per week of combination of lectures, PC Lab sessions and/or tutorials plus private study time.
Prescribed Texts
TBA
- The readings will be based on a mix of publicly available documents which can be accessed via the Wattle site, and text/s which will likely be chosen from the list proposed by the CERA Global Treaty.
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 2
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 1994-2003 | $3084 | |
| 2014 | $3246 | |
| 2013 | $3090 | |
| 2012 | $3090 | |
| 2011 | $3090 | |
| 2010 | $3090 | |
| 2009 | $3090 | |
| 2008 | $3090 | |
| 2007 | $3090 | |
| 2006 | $3090 | |
| 2005 | $3084 | |
| 2004 | $3084 |
- International fee paying students
| Year | Fee |
|---|---|
| 1994-2003 | $3084 |
| 2014 | $3942 |
| 2013 | $3762 |
| 2012 | $3756 |
| 2011 | $3756 |
| 2010 | $3756 |
| 2009 | $3450 |
| 2008 | $3450 |
| 2007 | $3450 |
| 2006 | $3366 |
| 2005 | $3084 |
| 2004 | $3084 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 3229 | 16 Feb 2015 | 06 Mar 2015 | 31 Mar 2015 | 29 May 2015 | In Person | N/A |
