Unit code: T/507/1618 : Risk Management and Organisations

Unit Aims

This unit will involve the Learner developing risk profiles and identifying risk management strategies for selected case studies. These will be available on-line as used as a means to illustrate the different ways organisations approach change. The course material will be closely linked with creativity and innovation.

Teaching and Learning Strategy

This unit will involve the student working to develop risk profile and risk minimisation strategies for selected case studies. These will be available on-line as used as a means to illustrate the different ways organisations approach change. The course material will be closely linked with creativity and innovation.

The unit tutors will provide initial support sessions in a workshop and will be available for subsequent support.

Learning Outcomes and Assessment Criteria

Learning Outcomes

When awarded credit for this unit, a learner will:

Assessment Criteria

Assessment of this learning outcome will require a learner to demonstrate that they can:

1. Review organisations risk tolerance in different environments.

1.1 Identify and evaluate different business environments and the likely risks of those environments.

1.2 Provide examples of organisation’s tolerance to risk taking and evaluate how organisations can measure tolerance.

2. Develop skills to identify and assess the risk profiles of organisations.

2.1 Produce a risk profile for an organisation.

2.2 Review and comment on risk profiles of organisations in different industries.

2.3 Discuss enterprise wide risk and the benefits and drawbacks of such an approach.

3. Investigate how innovation can be used to reduce risk aversion in growing organisations.

3.1 Analyse the possible risks of innovation in an organisation.

3.2. Produce examples of how to manage innovation risk so that innovation can be used to create advantage.

Teaching and Learning Strategy