Risk Management

Learning Outcomes

  1. To develop understanding of different business risk categories
  2. To be able to calculate risk exposure based on probability and impact
  3. To be able to identify and to describe company risks
  4. To be able to define risk matrix for a specific investment project
  5. To be able to calculate monetary value of the originally identified risks
  6. Learn to create a risk register and be able to analyze the acceptability of the contingency fund.
  7. Create risk management plan
  8. To assess feasibility of the invesment projects considering risks

Forms of Teaching

Lectures

Seminars and workshops

Independent assignments

Multimedia and the internet

Work with mentor

Week by Week Schedule

  1. Definitions and main concepts in risk managment
  2. Global risks, International standards in risk managment, Duality of risk managment
  3. Qualitative and quantitative techniques for risk assessment, Brainstorming techniques for risk assessment (Delphi, PESTLE, SWOT)
  4. Fault tree analysis (FTA) technique for risk assessment
  5. Seminar, The role of risk matrix and risk register
  6. Defining a risk breakdown structure (RBS), The role of priority lists in risk managment
  7. Seminar, Quantifiction of different impact and exposure values in risk register
  8. Midterm exam
  9. Defining a check list for performing quantitative risk analysis, Defining and creating a project timeline and budget
  10. Expected monetary value (EMV) of risk managment in projects
  11. Quantitative methods; probability distribution, Monte Carlo methods, Planning responses to risk occurance
  12. Seminar, Defining and clasifying responses (Avoid, Mitigate, Transfer, Accept)
  13. Expected monetary value (EMV) of risk managment in projects
  14. Decision making under uncertainty, Risk supervision and control
  15. Final exam

Study Programmes

University undergraduate
Computing (study)
Transversal Courses (4. semester) (6. semester)
Electrical Engineering and Information Technology (study)
Transversal Courses (4. semester) (6. semester)

Literature

(.), Danijela Miloš Sprčić: Upravljanje rizicima,
(.), Dale F. Cooper, Stephen Grey, Geoffrey Raymond, Phil Walker: Project Risk Management Guidelines: Managing Risk in Large Projects and Complex Procurements; 2004;John Wiley ,
(.), Predavanja dostupna na stranicama predmeta, zadatci, norme, izvještaji konzultantskih tvrtki (Ernst&Young) o procjeni globalnih rizika kroz godine,

General

ID 183444
  Summer semester
2 ECTS
L3 English Level
L1 e-Learning
30 Lectures
0 Exercises
0 Laboratory exercises
0 Project laboratory