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Center for Curriculum and Transfer Articulation
Risk Assessment and Treatment
Course: INS242

First Term: 2019 Fall
 Lecture   3.0 Credit(s)   3.0 Period(s)   3.0 Load  
Subject Type: Occupational
Load Formula: S- Standard


Description: Examination of various risk identification and assessment techniques implemented by business to control potential loss exposures. Emphasis on understanding the impact of operational decisions and employee actions on losses and steps used to mitigate financial consequences. Detailed analysis of property, liability, management liability, environmental, crime, cyber, and automobile loss exposures as well as use of data analytics to manage risk assessment and control.



MCCCD Official Course Competencies
1. Identify various risk identification and risk assessment techniques used to help manage an organization`s exposures to loss. (I)
2. Describe different accident analysis theories and apply them to various loss scenarios. (I)
3. Discuss loss control methods to avoid, eliminate, or reduce the financial consequences of a loss. (I)
4. Describe root cause analysis and steps in the root cause analysis process. (I)
5. Explain the importance of the business continuity process for a business. (I)
6. Demonstrate supply chain risk management strategies used to minimize potential losses. (I)
7. Apply concepts of construction, occupancy, protection, and exposure to the risk assessment process. (I)
8. Explain different loss valuation methods used by insurers to settle property claims. (I)
9. Identify different types of property exposed to a loss. (I, II)
10. Describe sources of intellectual property risks and risk management techniques used to manage these exposures. (II)
11. Evaluate advantages of developing a systemic process for managing reputational risk. (II)
12. Explain the basis for legal liability in terms of crimes, torts, and contracts. (II)
13. List various consequences associated with a liability loss and the financial impact of damages, defense costs, and indirect loss payments. (II)
14. Identify liability loss exposures faced by a commercial enterprise. (II)
15. Describe liability loss exposures of a corporation`s directors and officers. (II)
16. Identify risk management techniques implemented to manage directors and officers, employment practices, fiduciary, and personnel loss exposures. (II)
17. Discuss legal foundations for environmental liability and federal and state environmental statutes that apply to a business. (II)
18. List and explain risk management steps implemented to mitigate environmental losses. (II)
19. Describe risk factors and characteristics of common classes of crimes committed against a business. (II)
20. Apply various risk management methods to manage and control crime losses. (II)
21. Identify elements of cyber risk exposures for an organization. (II)
22. Compare and contrast different control aspects for managing cyber loss exposures. (II)
23. Analyze components of transportation exposures associated with operating a fleet of automobiles or trucks by a business enterprise. (II)
24. Describe risk control measures implemented to reduce or avoid automobile accidents. (II)
25. Demonstrate application of smart products to risk management and data analytics. (III)
26. Explain the use of smart product data to enable risk assessment and control. (III)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.
 
MCCCD Official Course Outline
I. Risk assessment and treatment
   A. Risk identification
      1. Types
      2. Techniques
   B. Analysis theories
      1. Types
      2. Application
   C. Loss control
      1. Types of loss
      2. Methods
      3. Use
   D. Root cause analysis
      1. Definition
      2. Processes
   E. Business continuity
      1. Definition
      2. Management
      3. Process
   F. Supply chain management
      1. Definition
      2. Strategies
   G. Claims
      1. Types
      2. Procedures
II. Risk
   A. Intellectual property
      1. Definition
      2. Source
      3. Management
   B. Reputational
      1. Definition
      2. Processes
   C. Legal/regulatory
      1. Liability
      2. Contracts
   D. Management/human resources
      1. Liability
      2. Employment practices
      3. Damages
      4. Cost
      5. Management techniques
   E. Environmental
      1. Definition
      2. Statutes
      3. Management
   F. Crime
      1. Risk factors
      2. Classes of
      3. Management
   G. Cyber
      1. Types
      2. Management
   H. Transportation
      1. Types
      2. Fleet
      3. Management
III. Smart products
   A. Types
   B. Use
      1. Risk management
      2. Data analytics
      3. Risk assessment
      4. Control
 
MCCCD Governing Board Approval Date: June 25, 2019

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.