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.

2019S, VU, 2.0h, 3.0EC

Properties

  • Semester hours: 2.0
  • Credits: 3.0
  • Type: VU Lecture and Exercise

Aim of course

"Enterprise risk management is a process, effected by an entity's board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risks to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives." [COSO-ERM04, p. 4].

Practical implementations of enterprise risk management systems are shown by Accenture, Ernst and Young, Austrian Airlines and Ottakringer.

After finishing the course the students should be confident with the meaning of this broad risk management definition given by the Committee of Sponsoring Organizations of the Treadway Commission. Furthermore the students should be able to design and implement adequate risk management systems in different management domains.

These skills and competences are promoted by assignments covering the ERM maturity assessement of a specific enterprise, the implementation of a performance management simulation study in the software package 'R/Rstudio' and an in-depth ERM literature review.

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
  • R/Rstudio: Overview and simulation studies
  • Business performance management: Analytical study
  • Business performance management: Simulation study
  • ERM literature workshops: Students` presentations

Lecturers

Institute

Course dates

DayTimeDateLocationDescription
Wed08:30 - 12:0006.03.2019Bombardier Hörsaal Schwaiger
Wed08:30 - 12:0013.03.2019Bombardier Hörsaal Schwaiger
Wed08:30 - 12:0020.03.2019Bombardier Hörsaal Schwaiger
Wed08:30 - 12:0027.03.2019Bombardier Hörsaal no lecture in SS 2019
Wed08:30 - 12:0003.04.2019Bombardier Hörsaal Schwaiger
Wed08:30 - 12:0010.04.2019Bombardier Hörsaal Schwaiger
Wed08:30 - 12:0001.05.2019Bombardier Hörsaal no lecture in SS 2019
Wed08:30 - 12:0008.05.2019Bombardier Hörsaal Students presentations
Wed08:30 - 12:0015.05.2019Bombardier Hörsaal Students presentations
Wed08:30 - 12:0022.05.2019Bombardier Hörsaal Final

Examination modalities

  • Group-Assignments 40 % (01.06.2016 )
  • Presentation 20 % (27.04.2016)
  • Final Exam 40 % (18.05.2016)

Exams

DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Wed08:30 - 12:0020.05.2020Bombardier Hörsaal written29.03.2020 23:59 - 19.05.2020 23:59TISSFinal

Course registration

Begin End Deregistration end
06.02.2019 08:00 06.03.2019 12:00 06.03.2019 12:00

Curricula

Literature

Miscellaneous

  • Attendance Required!

Language

English