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Center for Curriculum and Transfer Articulation
Risk in an Evolving World
Course: INS241

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: Introduction to the risk management process and its role in identifying and managing exposure to loss. Process for establishing a framework for hazard identification and the use of analytical and technology tools to determine financial impact to business.



MCCCD Official Course Competencies
1. Explain the risk management profession in terms of its impact on the financial operations of the business. (I)
2. Discuss goals, objectives, and benefits of the risk management process. (I)
3. Evaluate the role of corporate governance and the social and ethical responsibilities of effectively managing risk. (I-V)
4. Discuss the role of big data in terms of sources of information and its role in the decision making process. (I-V)
5. Evaluate the role of business continuity management (BCM) risk management techniques on the overall management of risk for an enterprise. (I-V)
6. Describe different techniques of risk measurement and classification. (II)
7. Describe the role of risk management oversight for a business enterprise. (II-V)
8. Distinguish between operational and financial risk. (III)
9. Describe the use of risk management in effective deployment of economic capital in the decision making process. (III)
10. Discuss the various components of risktech (wearables, artificial intelligence) and how they assist the risk manager in managing exposures to loss. (III-IV)
11. Differentiate key performance indicators from key risk indicators and how both impact the overall treatment of risk. (III-IV)
12. Explain how an organization`s attitude towards risk is influenced by its culture. (III-V)
13. 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
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. Risktech
   C. Tools
      1. Quantitative
      2. Key performance indicators (KPI)
      3. Key risk indicators (KRI)
      4. Business process management
V. Capital investment
   A. Big data
      1. Definition
      2. Role
      3. Data management
      4. Data governance
   B. Predictive modeling
   C. Decision making
      1. Variables
      2. Calculations
      3. Social, legal, ethical implications
   D. Corporate governance
      1. Controls
      2. Audits
      3. Performance evaluations
 
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.