Załącznik nr 2
do zarządzenia Rektora nr /12
COURSE DESCRIPTION CARD
NOTE: If the course consists of lectures and classes, the Course Description applies to both forms
of teaching
1. Course title:
ENTERPRISE RISK MANAGEMENT
in Polish:
Zintegrowane zarządzanie ryzykiem (ERM)
2. Course code ….
Number of ECTS credits
3
Course completion method Z
Course commenced / Year
2013/2014
3. Faculty: FINANCE AND INSURANCE
4. Field of Study: EUROCLASSES
5. Department of the Field of Study Coordinator: FINANCE
6. Name of tutor: Lectures dr MONIKA WIECZOREK-KOSMALA
Classes dr MONIKA WIECZOREK-KOSMALA… Lab classes …
Examiner …
7. Tutor’s department FINANCE
8. Number of contact hours with students:
Type of course Full time study Part time study
Lectures
15
Classes
Foreign language classes Lab classes Seminars Introductory Seminars Other Total hours
15
Examination (hours)9. Course timeframe (no. of semesters) 1
Course commencement / Year 2013/2014
Course commencement / Semester WINTER & SUMMER
10. Stage of tertiary education MASTER
11. Course status
Compulsory for the field of study …
Compulsory for the specialization …
X Optional
12. Requirements
Compulsory: ----
Recommended: FINANCE, CORPORATE FINANCE, INSURANCE
13. Course objectives:
The main objective of the course is to familiarise students with the idea and procedure of Enterprise Risk
Management which is recently growing on popularity. The course will explain the ERM procedure and the
meaning of its holistic approach, with special focus on connections with financial decision making process.
The core issues related to risk identification and assessment will be developed together with the problem
of proper choice of risk control techniques. Additionally, a practical approach will be embodied in the study
of core world-wide known ERM standards. In particular, the course aims at:
-
understanding the rationale and scope of risk management
-
training student’s skills to implement ERM procedure in practice
-
gaining extended knowledge in the field of risk analysis from a corporate finance perspective
-
providing the framework for a decision-making process in application of risk control techniques
(including physical risk control and risk financing techniques)
14. Teaching and learning methods:
A. Direct student/teacher contact hours:
Number of teaching hours No. Teaching methods Description
Full time study Part time study 1.
lectures with the use of multimedia academic and interactive lectures covering specific theoretical aspects of the subject 8 2. interactive lectures
group work: solution of applied tasks and examples during classes; solution of case studies 5 3. project presentations student’s presentations related to case study solution (last meeting)
2
Total AS: 15 AN:
B. Self-study hours:
Number of hours No. Learning methods Description
Full time study Part time study 1. analysis of textbook
and notes
preparation for lectures, group work and case studies
25
2. case studies solution individual and group work over case studies solutions – search of needed information
25
project presentation study subject to final assessment
…
Total BS: 60 BN:
Total AS+BS = 75
Total AN+BN = …….
Examination (E) = …….
Examination (E) =…….
Total AS+BS+E= …….
Total AN+BN+E = …….
15. Key words: Enterprise Risk Management, Risk Management, risk control, risk finance, risk
analysis, risk identification,
16. Course content:
1. Enterprise Risk Management in Context
- Traditional concept of risk management – rationale for managing risk, - A model process approach,
- The definition of ERM and the core features of ERM approach,
- ERM and corporate governance, ERM and internal control, ERM and corporate finance 2. The process of ERM
- risk analysis (risk identification and measurement), - risk reporting,
- risk control (planning)
- implementation and monitoring 3. ERM standards – an applicative approach
- A Risk Management Standard (by RIMS),
- Enterprise Risk Management – Integrated Framework (by COSO) - main features of other less known standards
4. Mastering Risk Analysis within ERM
- Useful risk identification techniques (checklists and prompt lists, gap analysis, risk taxonomy, PEST, SWOT, risk questionnaires, risk registers etc.),
- Risk assessment and evaluation
a)quantitative techniques (sensitivity and scenario analysis, Monte Carlo simulations) , b)qualitative methods – main barriers, R.Prouty approach
- A concept of risk matrix 5. Mastering Risk Control within ERM
- Traditional risk control tools (prevention, repression, retention, insurance and non-insurance risk transfer), - Alternative risk transfer (ART) mechanisms in risk financing
6. A study of exemplary risk management strategies (the business and the public sector cases)
17. Student learning outcome achieved in the course, as related to the outcome intended for the
field of study. Methods of outcome achievement evaluation.
Student learning outcome intended for the field of study
/ Symbols
Student learning outcome achieved in the course
Methods of assessing student learning outcome achieved in the course Documentation Knowledge K_W04 K_W06
1. Student possesses a wider and deeper knowledge
about mechanisms of decision making within risk management and knows advanced vocabulary within these issues
2. Student knows the advanced methods and tools
supporting enterprise risk management in companies and financial institutions
Use of knowledge and language skills in preparing projects for final assessment Assessment sheet of final projects (the rules of granting points) Case studies solutions (written form)
and final project presentations (either in electronic or printed form) Skills K_U01 K_U06 K_U09 K_U11
1. Student can in English interpret and explain
complex connections between entities involved in the process of risk management
2. Student is able to implement in practice the
knowledge about methods and tools supporting risk management in companies and financial institutions together with the assessment of their consequences
3. Student is able to prepare a wider written
works in English as related to the analysis and assessment of risk management issues
4. Student uses spoken and written English in
various professional situations, according to the requirements of B2+ level
Participation in presentations of final projects and case studies solutions Assessment sheet of final projects (the rules of granting points) Case studies solutions (written form) and final project presentations (either in electronic or printed form) Social skills K_K05 K_K06 K_K07
1. Student is able to communicate with others in
English while preparing the chosen project
2. Student is able to extent English vocabulary by
himself and is aware of the importance of active self-development of language skills in professional life
3. Student is able to prepare and fulfill tasks
related to the implementation of enterprise risk management in situations that require the use of English
The assessment of the quality of final presentations (including communication) Assessment sheet of final projects (the rules of granting points)
18. Methods of grading student performance:
No. Student performance assessment methods
and course completion requirements
Description Percentage of the final grade
1. Presentation Presentation of the final project – ERM for a
chosen company
(oral presentation with the use of multimedia techniques, in accordance to required elements (included in assessment criteria)
60%
2. Case study solution Project (2) – case study solution (the
correctness of answers related to included open questions/tasks)
40%
3.
