University of Technology Sydney

21064 Enterprise Risk Management

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2025 is available in the Archives.

UTS: Business
Credit points: 6 cp

Subject level: Undergraduate

Result type: Grade and marks

Requisite(s): 21597 Principles of Money and Finance
There are course requisites for this subject. See access conditions.

Description

This course covers the emerging discipline of enterprise risk management (ERM). It starts with essentials to manage enterprise risk and the role of a central risk function. It discusses risk identification and sharing using high-tech electronic platforms. It considers unexpected and unforeseen major crises and examines new technology to visualise risk relationships.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. Explain and apply enterprise risk management theories
2. Evaluate risks in strategic and tactical initiatives in organisational settings
3. Assess the sustainability of businesses by use of appropriate risk management tools
4. Describe the role of risk managers and their expected standards of performance in organisations

Course intended learning outcomes (CILOs)

This subject also contributes specifically to the following program learning objectives:

  • Communicate information verbally and in written form for a business audience (2.1)

Contribution to the development of graduate attributes

This subject aims to equip students with the theoretical underpinnings and practical tools necessary to assist students in acquiring capabilities in recognising risk and minimising losses in organisations. Specifically, students will learn about the multitudes of business risks that organisations are exposed to including hard-to-see risks such as weaknesses in strategy, subcultures that can inhibit achievement of goals, and life cycle risks for different lines of business and operating units. To this end, there will be a strong focus on experiential learning and team work to allow students to reflect on the challenges faced in real life business situations.

This subject contributes to developing the following graduate attribute:

  • Professional and technical competence

Teaching and learning strategies

The subject is presented in seminar format. Essential principles are presented and analysed and students are lead through practical application exercises.

Content (topics)

  • Principles of enterprise risk management
  • Types of risk (strategic, leadership, life cycle, horizon and financial)
  • ERM technology
  • Implementation of ERM

Assessment

Assessment task 1: Online quizzes (Individual)*

Objective(s):

This addresses subject learning objective(s):

1

Weight: 30%
Criteria:

*Note: Late submission of the assessment task will not be marked and awarded a mark of zero.

Assessment task 2: Assessment (Group)

Objective(s):

This addresses subject learning objective(s):

1, 2, 3 and 4

Weight: 30%
Length:

maximum 2000 words, Excluding executive summary, appendices and references

Assessment task 3: Project report plus Presentation (Individual)*

Objective(s):

This addresses subject learning objective(s):

1, 2, 3 and 4

This addresses program learning objectives(s):

2.1

Weight: 40%
Length:

Report: maximum 1500 words, Excluding abstract, appendices and references
Criteria:

*Note: Late submission of the assessment task will not be marked and awarded a mark of zero.

Minimum requirements

Students must achieve at least 50% of the subject’s total marks.

Recommended texts

Hampton, J.J., (2014). Fundamentals of enterprise risk management (Second Edition), Amacom: NewYork, ISBN: 9780814449035.

Paul, S.K., Agarwal, R., Sarker, R., and Rahman, T., (2023). Supply Chain Risk and Disruption Management: Latest Tools, Techniques and Management Approaches, Springer. https://link.springer.com/book/10.1007/978-981-99-2629-9

Reading materials will also be provided.

References

Journals as an additional resource:

  1. International Journal of Risk Assessment and Management (Inderscience publishers).
  2. Risk Management (Palgrave Macmillan).
  3. Journal of Risk Management in Financial Institutions (Henry Stewart Publications).
  4. Journal of Risk Research (Taylor & Francis)