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
- derive analytical and numerical simulation solutions in business performance management within the software package “R/Rstudio”
- do group working
