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Course Catalog 2010-2011
TUR-2206 Risk Management, 4 cr |
Person responsible
Jouni Kivistö-Rahnasto
Lessons
Study type | P1 | P2 | P3 | P4 | Summer | Implementations | Lecture times and places |
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Requirements
Lectures, study reports, a seminar, exam.
Completion parts must belong to the same implementation
Principles and baselines related to teaching and learning
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Learning outcomes
The student can: -explain and define the fundamental terms, concepts and theories of risk and risk management -identify and categorise risks associated with enterprises, production, products and services -estimate the severity, the probability and the variance of the risks -evaluate the meaning and of the importance of the risks -make conclusions about the tolerability or the acceptability of the risks -explain the most common approaches to manage the risks -plan and implement the enterprise risk management system (ERM) -explain the role of risk management in the enterprise management.
Content
Content | Core content | Complementary knowledge | Specialist knowledge |
1. | Concepts of threat, opportunity, risk, uncertainty, risk assessment and risk management. Strategic and operative risks. Static and dynamic risks. Subjective and objective risks. | ||
2. | Enterprise risk management (ERM) and different types of risks (business risks, financial risks, project risks, health- and safety risks, environmental risks, etc.) | ||
3. | Risk analysis methods (vulnerability analysis, various methods for risk estimation and evaluation, decision-tree analysis, SWOT, Monte-Carlo simulation, etc.) | ||
4. | Integrating risk management into daily management procedures. |
Prerequisite relations (Requires logging in to POP)
Correspondence of content
Course | Corresponds course | Description |
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More precise information per implementation
Implementation | Description | Methods of instruction | Implementation |