Units

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Sample subject outline - Semester 1 2012

Note: Subject outlines often change before the semester begins. Below is a sample outline.

Rationale

In the field of risk management the processes of identification, analysis and evaluation are inexorably linked. Many of the techniques used to identify risk also allow the risk manager to evaluate the degree of risk posed. The risk identification process needs to be well structured and systematic to ensure that no potential risk is excluded from analysis. The risk manager must have a range of tools available that will allow the critical evaluation of the risks and their possible causes. This Unit expands on the material covered in PUN001 and explores a range of risk assessment techniques to enable the risk manager to choose those most appropriate for use in the situations they will face as professionals.

Aims

This unit aims to introduce you to the range of tools that may be used to identify and assess business risks.

Objectives

On successful completion of this unit you will be able to:

1. identify and use appropriate risk identification approaches
2. identify sources of information on the likelihood and consequences which might result from exposure to certain risks
3. choose appropriate tools to analyse risks
4. appreciate the strengths and limitations of these tools
5. use a variety of risk analysis tools appropriate to the risk being considered

Content

The unit will introduce you to a variety of risk identification techniques including checklists, judgements based on experience and records, flow charts, brainstorming, systems analysis, and systems engineering techniques. Sources of data suitable for use in risk analysis will be investigated. Various techniques such as HAZOP, FMEA, hazard indices, fault trees, event trees, reliability analysis, statistical analysis, probability calculations suitable for risk identification and analysis will be investigated. The use of these techniques will be discussed in association with the major perils, their background and causes. Major perils considered include: fire, explosion, earthquake, flood, pollution, consequential losses, burglary, motor vehicle, engineering, construction fidelity guarantee, and marine.

Specific skill and graduate capabilities you will develop include:
knowledge and skills pertinent to risk assessment
critical, creative and analytical thinking, and effective problem-solving
the ability to work independently and collaboratively
social and ethical responsibility with respect to your own actions and those of the organisation

Approaches to Teaching and Learning

This unit will be available in internal and external mode. All students will be able to access online notes and recordings of any lectures provided for internal students. The notes include tutorial exercises and questions to enable students to evaluate their progress through the course material. Communication with lecturers and other students will be available through an online discussion group

Assessment

There are two assessments to be completed throughout the semester.Assessment will be spaced throughout the semester to provide the opportunity for feedback on your learning at key points. You will be provided with feedback on the essay detailing the strengths and weaknesses. In addition to the feedback you will receive with respect to assessment items, further feedback is available on any issues or difficulties you may experience with respect to the study material through the online forums.

Assessment name: Essay
Description: You will be required to complete a written assignment of 2500 words based on the strengths and weaknesses of a selection of risk assessment tools and their application.
Relates to objectives: 3,4,5
Weight: 50%
Internal or external: Both
Group or individual: Individual
Due date: Week 8

Assessment name: Examination (written)
Description: This will comprise a series of objective questions drawn form the Unit.
Relates to objectives: 1,2,3,4,5
Weight: 50%
Internal or external: Both
Group or individual: Individual
Due date: Examination Period

Academic Honesty

Academic honesty means that you are expected to exhibit honesty and act responsibly when undertaking assessment. Any action or practice on your part which would defeat the purposes of assessment is regarded as academic dishonesty. The penalties for academic dishonesty are provided in the Student Rules. For more information you should consult the QUT Library resources for avoiding plagiarism.

Resource materials

Standards Australia & Standards New Zealand, 2009 AS/NZS ISO 31000 Risk management: principles and guidelines. Homebush NSW: Standards Australia. (can be viewed online through the QUT library database)

Risk assessment statement

There are no out of the ordinary risks associated with this unit. Substantial computer based work will be required. You should ensure that your workstation is adjusted in accordance with workplace health and safety protocols and that regular rest breaks are taken. You should refer to the guidelines for safe work at VDUs contained in the School of Public Health Guidelines to Students.

Disclaimer - Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of semester.

Last modified: 30-Aug-2011