Fundamentals of Risk and Risk Management - RISK2001

Faculty: UNSW Business School

School: School of Risk and Actuarial Studies

Course Outline: RISK2001 Course Outline

Campus: Sydney

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 4

Enrolment Requirements:

Prerequisite: ACTL1101 and ACCT1501 and (MATH1241 or MATH1251)

Equivalent: COMM0032, RISK5001

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.


This course aims to introduce students to the complex and diverse range of risks that organizations must manage in today's fast-changing global environment, as well as the fundamental principles, frameworks and practices of risk management. The course discusses the complex nature of the words 'uncertainty' and 'risk', and how their many definitions and interpretations impact risk management. The course covers aspects of risk management including why organizations must manage risks; the identification, classification and measurement of risks; the fundamental principles and frameworks for risk management; the tools and techniques used in the risk management process; the important role of risk culture and communication in managing enterprise risks; and current issues in risk management.
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