Course: INS241 First Term: 2019 Fall
Final Term: Current
Final Term: 2020 Summer
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Lecture 3.0 Credit(s) 3.0 Period(s) 3.0 Load
Credit(s) Period(s)
Load
Subject Type: OccupationalLoad Formula: S- Standard |
MCCCD Official Course Competencies | |||
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1. Explain the evolution of the risk management profession in terms of the risk management environment and the use of technology. (I)
2. Discuss goals, objectives, and benefits of the risk management process. (I) 3. Describe different techniques of risk measurement and classification. (II) 4. Define enterprise risk management and its application to business operations. (II) 5. Identify different risk management standards and the framework used to manage risk. (II) 6. Discuss methods of hazard identification for a business enterprise. (II) 7. Explain the function of the risk management process in assisting businesses in analyzing property, liability, personnel, and net income exposures to loss. (II) 8. Distinguish between operational and financial risk. (III) 9. Evaluate the strategic risks affecting a business. (III) 10. Describe the use of risk management in effective deployment of economic capital in the decision making process. (III) 11. Describe the process used to model an enterprise risk management framework. (IV) 12. Compare and contrast enterprise risk management with traditional risk management processes. (IV) 13. Apply different risk identification processes and tools to analyze loss exposures faced by business. (IV) 14. Evaluate different quantitative and qualitative risk analysis tools and techniques. (IV) 15. Explain the importance of analyzing loss exposure frequency. (IV) 16. Use the risk management framework to define various risk treatment methods. (IV) 17. Discuss the role of big data in terms of sources of information and its role in the decision making process. (V) 18. Explain the use of predictive modeling to allocate business capital effectively. (V) 19. Evaluate capital decisions in terms of cash flow variables and present value calculations. (V) 20. Describe the role of risk management oversight for a business enterprise. (V) 21. Discuss the types of controls and audits used to evaluate performance of the risk management process. (V) | |||
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 management
A. Definition B. Evolution C. Goals/objectives D. Use E. Benefits II. Risk measurement A. Techniques 1. Types 2. Classification B. Standards C. Application 1. Operations 2. Hazard identification 3. Property 4. Personnel 5. Liability III. Risk A. Types 1. Operational 2. Financial 3. Strategic B. Identification C. Analysis D. Decision making IV. Framework A. Definition B. Processes 1. Traditional 2. Enterprise C. Tools 1. Quantitative 2. Qualitative D. Techniques 1. Probability analysis 2. Probability distribution V. Capital investment A. Big data 1. Definition 2. Role B. Predictive modeling C. Decision making 1. Variables 2. Calculations D. Oversight 1. Controls 2. Audits 3. Performance evaluations | |||
MCCCD Governing Board Approval Date: June 25, 2019 |