Risk Management MSc module details

Block 1: Principles and Practice of Risk Management

Risk Management is often seen as a numerical analysis of the risks that companies undertake.  In this module, this is not quite the case. There is much more to the development of risk management than just number crunching. In this module, the learners are required to navigate not just the numbers but also the behavioural aspects of human psychology towards risky decisions.

This module offers both a practical and practitioners’ approach to Enterprise Risk Management and, where relevant, dovetails with the theoretical framework and leading academic research. The module has been written, mindful of the industry requirements that practitioners and professionals of risk management possess theoretical knowledge, balanced with practical solutions that offer pragmatic, achievable results.

Block 2: Governance, Assurance and Risk

This module is to provide students with a thorough grounding in a range of advanced topics in governance, CSR, assurance and risk. For governance and CSR, the students will be introduced and developed ability to critically evaluate a wide range of concepts, principles, theories, models, systems, mechanisms, reforms, regulations and research in governance and CSR.

Block 3: Business Continuity, Crisis and Project Management 

The module challenges the students to take a counter-intuitive to consider how organisations are exposed to, and deal with, crises and business interruptions. It also considers the scope and definition of a project, its significance as an instrument of change and roles and responsibilities of people within it. 

For business continuity and crisis management, it synthesises two essential components which are crisis management and business continuity management. The students will explore crisis and business continuity management theories and practice, and will have an opportunity to demonstrate knowledge and skills in critical, applied and real-time contexts.

Block 4: International Finance and Strategic Financial Decision Making

The module provides students with a broad exposure to the political, economic and technical dimensions of the international finance regime, and consider corporate strategic investment decisions and the underlying financial management issues relevant to these decisions. In this module, key financial inputs to strategic formulation and implementation will be explored. It will focus on the allocation of funds within the business and the financial appraisal techniques used in evaluating strategic options.

Block 5 & 6:  Dissertation in Risk Management

The dissertation requires students to develop understanding of a specialist area in risk management and undertake an independent and self-structured approach to their learning. The module will draw on the students’ learning over the course of the Programme. The dissertation is studied independently with the assistance of a supervisor and is a chance for the student to academically pursue an area of Risk Management of particular interest. It also allows them to apply both practical and theoretical knowledge gained in the programme by carrying out research into issues underpinning Risk Management.

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Block 5 & 6: Consultancy Project in Risk Management

This module offers the opportunity to critically apply knowledge gained throughout their study and has a real impact on a client organisation. The students can choose to work on a real-world project which is highlighted by an organization, a department within an existing organisation, or a future organisation (commercial, charity, governmental). Students will work directly with the client organisation during the term and can interact, question, debate and negotiate solutions with the client.