Module ETB-3204:
Corporate Risk Management
Corporate Risk Management 2023-24
ETB-3204
2023-24
Bangor Business School
Module - Semester 1
10 credits
Module Organiser:
Bruce Vanstone
Overview
The module includes
The nature of risk management (Traditional vs. Enterprise risk management); Risk identification (Techniques for identifying 'what could go wrong'); The firm's loss exposures (Asset, Personnel, Liability and Consequential loss risks); Risk measurement and probability distributions (Numerical techniques for measuring risks); Risk control tools (Risk Avoidance, Separation, Combination,Transfer and Loss Control); Risk financing (Techniques for retaining and transferring risk financing); Insurance and the alternatives (Optimum use of insurance in relation to other risk management tools); Legal aspects of insurance and insurance contracts (Laws relating to Insurance suppliers and purchasers); Dealing with insurers (Good practice for insurance purchasers when arranging cover).
Learning Outcomes
- Analyse and evaluate uses and limitations of probability concepts and statistics for making risk management decisions.
- Critically evaluate different methods for dealing with pure risk effectively.
- Critically evaluate the nature and effectiveness of alternative risk management strategies.
- Evaluate the effectiveness of alternative risk management techniques in order to create an optimal risk anagement strategy.
- Evaluate the uses and limitations of insurance as a risk management device.
- Understand risk control and risk financing techniques.
Assessment type
Summative
Description
Essay
Weighting
25%
Assessment type
Summative
Description
Formal Examination
Weighting
75%