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.

2022S, VU, 2.0h, 3.0EC
TUWELQuinn ECTS survey


  • 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
  • derive solutions to management challenges by adequately specifying project related key risks and evaluating future project performances
  • 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
  • Solving a management challenge case study
  • Specifying project related key risks
  • Evaluating future project performances
  • ERM literature workshops: Students` presentations

Teaching methods

Constructivist teaching methodology

Mode of examination




Course dates

Wed08:30 - 10:0002.03.2022 Distance Learning (LIVE)Introduction and Group Building
Wed08:30 - 12:0009.03.2022 Distance Learning (LIVE)Lecture/Group Work/Discussion
Wed08:30 - 12:0016.03.2022 Distance Learning (LIVE)Lecture/Group Work/Discussion
Wed08:30 - 12:0023.03.2022 Distance Learning (LIVE)Lecture/Group Work/Discussion
Wed08:30 - 12:0030.03.2022 Distance Learning (LIVE)ERM-Workshop I/Students' Presentations
Wed08:30 - 12:0006.04.2022 Distance Learning (LIVE)ERM-Workshop I/Students' Presentations
Wed08:00 - 12:0027.04.2022 Distance Learning (LIVE)Case Study Presentation
Wed08:00 - 12:0004.05.2022 Distance Learning (LIVE)Case Study Presentation
Wed08:30 - 10:0018.05.2022 Distance Learning (LIVE)Exam

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
09.02.2022 08:00 08.03.2022 23:59 08.03.2022 23:59


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  • Attendance Required!