FAK 2602 Risk Management
Anybody responsible for, or participating in, an activity should have a conscious relation to both what risk factors this activity is exposed to and what risk factors the activity itself is creating towards its surroundings. There will be no objective aiming for no risk exposure , but to be conscious when examining the goals of an activity evaluated against the risk factors attached to it. To put this thought process into action this course will describe, systemize and discuss a Risk Management process.
The knowledge acquired in this course Risk Management is to be used among decision-makers and consultants in the insurance industry as well as users of insurance services both in public or private organizations.
During the course students shall:
- Obtain knowledge of three prosesses an organization should accomplish when exposed to an undesirable risk:
- To identify and evaluate risks
- Examine measures in order to reduce these risks for instance risk elimination
- Crisis management prosess.
After the course students will:
- Know how to use this knowledge by carry into effect a risk management prosess
- Be able to make plans how to accomplish risk elimination and carry out a crisis management prosess.
During the course, the students should have acquired a conscious attitude to the fact that their professional choices and advices first and foremost are of importance for other people than themselves.
- Definition phase
- Risk identification
- Risk evaluation
- Risk control
- Risk funding
- Leadership and decision-making
- Crisis management prosess
Organized as E-Learning based on self-tuition and 2 assignments (mandatory)(FAK 26022 and FAK 26023). Intensive seminars are organized and participation is mandatory (2+3 days)
Higher Education Entrance Qualification
|Exam category||Weight||Invigilation||Duration||Grouping||Comment exam|
Form of assessment:
Internal and external examiner
Examination when next scheduled course
|100||No||1 Semester(s)||Group/Individual (1 - 3)||The exam is a project assignment that can be solved individually or in groups of up to maximum 3 students. If used for Authorization the candidate must obtain at least grade C.|
|Form of assessment:||Written submission|
|Grouping (size):||Group/Individual (1-3)|
|Comment:||The exam is a project assignment that can be solved individually or in groups of up to maximum 3 students. If used for Authorization the candidate must obtain at least grade C.|
|Exam code:||FAK 26021|
|Resit:||Examination when next scheduled course|
|Workload activity||Duration||Type of duration||Comment student effort|
|Teaching||35||Hour(s)||Participation on the 5 seminar days|
|Submission(s)||30||Hour(s)||2 mandatory assignments|
|Self study||50||Hour(s)||Reading of curriculum|
|Comment:||Participation on the 5 seminar days|
|Comment:||2 mandatory assignments|
|Workload activity:||Self study|
|Comment:||Reading of curriculum|
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.