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Center for Curriculum and Transfer Articulation
Holistically Assessing Risk
Course: INS242

First Term: 2020 Fall
 Lecture   3.0 Credit(s)   3.0 Period(s)   3.0 Load  
Subject Type: Occupational
Load Formula: S - Standard Load


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, cyber, and 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 risk analysis theories and apply them to various loss scenarios. (I)
3. Discuss risk 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. Demonstrate supply chain risk management strategies used to minimize potential losses. (I)
6. Apply concepts of construction, occupancy, protection, and exposure to the risk assessment process. (I)
7. Explain different loss valuation methods used by insurers to settle property claims. (I)
8. Identify different types of property exposed to a loss. (I, II)
9. Describe sources of intellectual property risks and risk management techniques used to manage these exposures. (II)
10. Evaluate advantages of developing a systemic process for managing reputational risk. (II)
11. Describe liability loss exposures of a corporation`s management and executive risk exposures. (II)
12. Identify risk management techniques implemented to manage directors and officers, employment practices, fiduciary, and personnel loss exposures. (II)
13. Identify elements of cyber risk and social media exposures for an organization. (II)
14. Compare and contrast different control aspects for managing cyber loss exposures. (II)
15. Identify sources of risk management information used to holistically manage exposures to loss. (III)
16. Differentiate between traditional risk management versus modern data analysis techniques. (III)
17. Explain various types of financial risk and their impacts on an organization if they go unrecognized. (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
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. Cyber
      1. Types
      2. Management
III. Risk management analysis
   A. Holistic approach
   B. Use
      1. Data sources
      2. Analysis techniques
 
MCCCD Governing Board Approval Date: June 23, 2020

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.