Browse Hierarchy BUS378: Risk Management

This module provides students who will be seeking general management roles with a foundation understanding risk which employers now expect. It introduces students to the distinctive features of risk classification, appreciation, assessment, control, management and governance in businesses. Core concepts of risk itself, probability, severity, uncertainty, anticipation, resilience, robustness and bias are explored. The module examines managerial varieties of bias in perception of risk among managers and regulators , assumptions underpinning approaches to assessment and contrasting approaches to the management of risk. The module will compare styles of risk management across a range of categories of risk including operational risk, project risk, physical asset risk, market risk, cybersecurity risk, safety and hazard risks, reputational and regulatory risks, political risks and climate change and pandemic related risks. Cases will be drawn from many different industries.