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330.239 Enterprise Risk Management (Fundamentals)
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2025S, VU, 2.0h, 3.0EC

Properties

Semester hours: 2.0
Credits: 3.0
Type: VU Lecture and Exercise
Format: Presence

Learning outcomes

After successful completion of the course, students are able to:

understand the meaning of the broad risk management definition given by the Committee of Sponsoring Organizations of the Treadway Commission
make adequate conceptual models for risk management systems (in form of management activity diagrams) and to apply the holistic modeling approach in different management domains
investigate the scientific ERM literature by performing an in-depth literature review study
do group working

Subject of course

Enterprise Risk Management (ERM): COSO vs. ISO
Integration of different risk types into different management systems
Assessing the maturity of ERM: ERMMA-Project
Implementation of ERM in practice
Assessing the effectiveness of ERM
ERM literature workshops: Students` presentations

Teaching methods

Constructivist teaching methodology

Mode of examination

Immanent

Lecturers

Schwaiger, Walter

Institute

E330 Institute of Management Science

Course dates

Day	Time	Date	Location	Description
Wed	08:00 - 12:00	05.03.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	12.03.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	19.03.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	26.03.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	02.04.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	09.04.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	16.04.2025	Theresianumgasse HS 1 - MWB	No Lecture in SS 2025
Wed	08:00 - 12:00	23.04.2025	Theresianumgasse HS 1 - MWB	No Lecture in SS 2025
Wed	08:00 - 12:00	30.04.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	07.05.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	14.05.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	21.05.2025	Theresianumgasse HS 1 - MWB	Lecture
Wed	08:00 - 12:00	28.05.2025	Theresianumgasse HS 1 - MWB	Endterm

Examination modalities

Final exam with calculation & case examples and multiple-choice questions
Preparation for the lecture via reading assignments and homeworks
Project work
Case presentations and discussions in the lecture

Course registration

Begin	End	Deregistration end
30.01.2025 08:00	04.03.2025 23:59	04.03.2025 23:59

Curricula

Study Code	Obligation	Precon.
045 006 Digital Skills	Mandatory elective	Course requires the completion of the introductory and orientation phase
066 482 Mechanical Engineering - Management	Mandatory elective	Course requires the completion of the introductory and orientation phase
066 926 Business Informatics	Mandatory elective
066 937 Software Engineering & Internet Computing	Mandatory elective	Course requires the completion of the introductory and orientation phase

Literature

Institute of Management Accountants [IMA-ERM11]: Enterprise Risk Management: Frameworks, Elements, and Integration, http://www.imanet.org/PDFs/Public/Research/SMA/SMA_ERM2012.pdf

Institute of Management Accountants [IMA-ERM07]: Enterprise Risk Management:: Tools and Techniques for effective Implementation, http ://www.imanet.org/PDFs/Public/Research/SMA/SMA_ERM2012.pdf

Institute of Internal Auditors [IIA13]: The three lines of defense in effective risk management and control, IIA position paper, January 2013, https://na.theiia.org/news/Pages/The-Three-Lines-of-Defense-in-Effective-Risk-Management-and-Control-Is-Your-Organization-Positioned-for-Success.aspx

Miscellaneous

Attendance Required!

Language

English