Course Title: Manage business risk

Part B: Course Detail

Teaching Period: Term1 2023

Course Code: BUSM6530C

Course Title: Manage business risk

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities.

To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.

Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.

Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus

 

Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.

School: 530T Built Environment and Sustainability

Campus: City Campus

Program: C5415 - Diploma of Building and Construction (Building)

Course Contact: Matthew Sweeney

Course Contact Phone: +61 3 9925 4105

Course Contact Email: matthew.sweeney@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

In this course you will develop the skills and knowledge required to manage business risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting.

The course applies to individuals who are working in positions of authority and who are approved to implement change across the organisation, business unit, program or project area. They may or may not have responsibility for directly supervising others.

 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBOPS504 Manage business risk

Element:

1. Establish risk context

Performance Criteria:

1.1 Evaluate organisational processes, procedures and requirements and determine scope for risk management process

1.2 Review strengths and weaknesses of existing arrangements

1.3 Document critical success factors, goals and objectives for area included in scope

1.4 Communicate risk management process to relevant stakeholders

Element:

2. Identify risks

Performance Criteria:

2.1 Invite stakeholders to assist in the identification of risks

2.2 Research risks that may apply to scope

2.3 Document risks that apply to the scope, in consultation with relevant parties

Element:

3. Analyse risks

Performance Criteria:

3.1 Assess likelihood of risks occurring

3.2 Assess impact or consequence if risks occur

3.3 Evaluate and prioritise risks for treatment

Element:

4. Select and implement treatments

Performance Criteria:

4.1 Determine and select from options for treating risks

4.2 Develop action plan for implementing risk treatment

4.3 Communicate risk management processes to relevant parties

4.4 Implement action plan according to organisational policies and procedures

4.5 Monitor and evaluate risk management process

Learning Outcomes


On successful completion of this course you will have developed and applied the skills and knowledge required to demonstrate competency in the above elements. 


Details of Learning Activities

Interactive Online Lectures, In Class Activities, Independent Research and Roll Play. 


Teaching Schedule

Interactive Online Lectures, 2hrs. In Class Tutorials, 2hrs. 


Learning Resources

Prescribed Texts


References


Other Resources

AS 31000


Overview of Assessment

Assessment for this course is ongoing throughout the semester. Your knowledge and understanding of course content is assessed through participation in class exercises, oral presentations and through the application of learned skills and insights to your written tasks. Full assessment briefs will be provided and can be found on CANVAS. 


Assessment Tasks

Project Assessment.

Assessment 1 - Case Study, Risk Management Plan and Review

Assessment 2 - Knowledge Questions


Assessment Matrix

See attached.

Mapping Document BUSM6530C

Course Overview: Access Course Overview