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Risk Management Processes

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N13417

Semester: Spring

Convenor: Cormac Bryce

Credits & Level: 10 credits; Level 3

Pre-requisites: None.

Co-requisites: None.

Target Students: Available to all Part I and Part II students.

Delivery: 11 ninety minute weekly lectures plus 2 one-hour seminars.

Assessment: One 1.5 hour examination (75%); One 2,000 word essay (25%)

Exam Format:Answer TWO questions from a choice of SIX questions. All questions carry equal marks.

Summary of Content This module will discuss the processes utilised by corporate enterprises to manage the risk of fortuitous loss. Once corporate risks have been identified and their impact on the firm measured, risk management attempts to control the size and frequency of loss, and to finance those fortuitous losses which do occur.

Aims To provide a conceptual introduction to the various elements of the corporate risk management process. The main elements of this process are risk assessment, risk control and risk financing.

Key Words: Risk management, insurance, finance, economics, health and safety.

Learning Objectives & Outcomes Knowledge and understanding
This module develops a knowledge and understanding of:
  • The sources, uses and management of finance
  • The development of appropriate policies and strategies within a changing environment to meet stakeholder interests
  • The use of risk management techniques and business continuity planning to help maximise achievement of strategic objectives on the economic, social and environmental conditions of the future.
  • The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues
  • The design, development of organisations, including cross-cultural issues, change, diversity and values
Intellectual skills
This module develops:
  • The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
  • The ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making
  • Conceptual and critical thinking, analysis, synthesis and evaluation
Professional practical skills
This module develops:
  • Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty
Transferable (key) skills
This module develops:
  • Communication and listening including the ability to produce clear, structured business communications in a variety of media
  • Articulating and effectively explaining information
Knowledge and understanding (Industrial Economics)
This module develops a knowledge and understanding of:
  • The applications of economics to design, guide and interpret commercial, economic, social and environmental policy.
  • Economic principles and tools addressing the macroeconomic issue of financial and business cycles



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Nottingham University Business School

Jubilee Campus
Nottingham
NG8 1BB

telephone: +44 (0) 115 846 6602
fax: +44 (0) 115 846 6667
email: business-enquiries@nottingham.ac.uk