BIK 3115 Sustainable Risk Managment
BIK 3115 Sustainable Risk Managment
Organizations are currently in a transformation phase where having a conscious approach to risk is crucial for adapting to changes from a sustainable perspective. This applies to both the risks a business is exposed to and the risks it creates for itself and its surroundings. Managing risks and hazards often involves partial analysis within a limited time frame, often associated with a high degree of uncertainty. This can lead to a paradoxical situation where risk management and the expanded use of risk analysis can hinder long-term sustainable development. A holistic approach to risk and sustainability will help the organization build resilience through systemic risk management and awareness of the issue. The overall goal of the course is to support the knowledge necessary to develop a risk management culture aligned with sustainability goals. The aim is to provide participants with a comprehensive understanding of risk management at multiple levels through:
A conceptual exploration of risk, with a focus on uncertainty
A methodical approach using various risk analysis tools
A strategic approach to strategic risk management.
After completing the program, participants should be able to apply sustainable risk management as a complex field of study by being able to:
- Distinguish between different approaches to risk understanding.
- Have in-depth knowledge of key topics in sustainability and risk management.
- Possess advanced knowledge of how sustainability is integrated into the risk management process and framework.
- Understand how current issues related to societal security affect businesses.
- Be aware of the hazards, problems, and risk challenges in various industries, making it suitable for considering risk and uncertainties in project analyses.
- Analyze the impact of changes in assumptions.
- Utilize various models for the risk management process, including both qualitative and quantitative methods.
- Understand the principles, processes, and frameworks for risk management (ISO 31000).
- Identify the success factors for sustainable risk management.
After completing the program, participants should be able to analyze current issues as follows:
- Conduct threat and risk assessments with sustainability goals as a starting point.
- Plan for risk monitoring and risk management during the execution phase.
- Utilize key risk analysis methods for the identification and analysis of risks and uncertainties, especially related to the United Nations' sustainability goals.
- Recognize, describe, and differentiate fundamental concepts, principles, and methods in risk analysis and risk management.
- Communicate the results of risk analyses and how these can be integrated into the management of the organization.
- Relate risk aspects to fundamental national and international laws and regulations.
Establishment of goals and strategy for risk management, with sustainability as a central element.
- Establishment of the risk management process.
- Establishment of the governance structure - clarification of roles and responsibilities.
- Implementation of support systems, methods, and tools.
- Communication and training - Development of a risk management culture (security culture).
- Leadership and decision-making.
- Crisis and emergency event management.
The course is conducted with two gatherings, each lasting two days, consisting of lectures, group work, and plenary discussions. The implementations emphasize discussions and knowledge sharing among the participants. The course requires self-study with reading materials, the ISO 31000 standard, assignments, and guidance.
Higher Education Entrance Qualification
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
Higher Education Entrance Qualification
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
| Assessments |
|---|
Exam category: Submission Form of assessment: Submission PDF Exam/hand-in semester: First Semester Weight: 100 Grouping: Individual Duration: 72 Hour(s) Exam code: BIK 31151 Grading scale: ECTS Resit: Examination when next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 28 Hour(s) | |
Student's own work with learning resources | 148 Hour(s) | |
Examination | 24 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.