Part A: Course Overview

Course Title: Risk Analysis and Assessment

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
BUSM1734	City Campus	Postgraduate	620H Business IT and Logistics	Face-to-Face	Sem 2 2010, Sem 2 2011, Sem 2 2012, Sem 2 2014, Sem 2 2015, Sem 1 2017, Sem 2 2017, Sem 2 2018, Sem 2 2019, Sem 1 2021
BUSM1734	City Campus	Postgraduate	630H Management	Face-to-Face	Sem 2 2006, Sem 2 2007, Sem 2 2008, Sem 2 2009
BUSM1734	City Campus	Postgraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Sem 1 2022, Sem 1 2023, Sem 1 2024, Sem 1 2025

Course Coordinator: Professor Booi Kam

Course Coordinator Phone: +61 3 9925 1326

Course Coordinator Email: booi.kam@rmit.edu.au

Course Coordinator Location: Building 80 Level 8

Course Coordinator Availability: via appointment

Pre-requisite Courses and Assumed Knowledge and Capabilities

There are no pre-requisite for this course. Knowledge of probability concepts, though not critical, would be useful.

Course Description

This course introduces the notion of risk in logistics management and strategic decision making. It is designed to develop an understanding of the fundamentals of risk management and to introduce classical as well as state-of-the-art risk analysis techniques. The potential of system thinking as a risk management tool will be emphasised.

 

Objectives/Learning Outcomes/Capability Development

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On successful completion of this course you will be able to:

CLO1. Apply advanced system concepts to investigate complex risk problems in different business contexts. CLO2. Utilize professional judgement to design, implement and execute risk management processes within different business environments. CLO3. Apply critical analysis and reflection to develop cost-effective risk management measures to deal with risk problems. CLO4. Demonstrate an advanced and integrated understanding of the merits and limitations of popular risk management techniques used in practice to make informed decisions. CLO5. Independently synthesize a combination of popular risk analysis techniques innovatively to examine complex business risk problems.

Overview of Learning Activities

Learning will occur through the use of the Study Guide as an indicator of learning direction, including on-line library articles and wed-sites. This activity is to complement the Intensive Workshop Session, during which the Instructor will expand on the principles introduced in the Study Guide and illustrate the application of the key constructs to logistics and supply chain operations.

Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period. 

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 50%
Linked CLOs: 1, 2, 3

Assessment Task 2: 50%
Linked CLOs: 3, 4, 5


Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.