Course detail

Risk Management in Companies and Organizations

ÚSI-2SDFOAcad. year: 2011/2012

The course is focused on the following philosophy: the Success (company's, manager's) is conditioned on making changes inside of a company. With changed company's management is closely related the methods of risk decreasing.
The module is focused on the following fields: company's '7S' framework. A successful company, a successful manager. The decision making in a company. Types and analysis of risk. Methods of risks decreasing. Risk decreasing and investment evaluation in personal and company's invest. The risk connected with company's strategy change. Prognosis as instrument for decreasing company's risk.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Learning outcomes of the course unit

Students will know the traditional and modern procedures of risk measuring, including the most widely used methods of decreasing the company's risk.
Students will acquire the basic necessary skills needed for analyzing and evaluation the company's risk, including the proposal for changing strategy in company with respect to risk analyze.

Prerequisites

Knowledge of basic statistic and probability on the level of bachelor's study programme. The basic knowledge of decision-making in a company on the level of bachelor's study programme.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Conditions for awarding the course-unit credit:
1. Active participation in exercises will be controlled and assessed by the teacher - max. 100 points.
2. Successful completion of a credit test - max assessment: 100 points in due term, 80 points in first reparative test and 60 points in second reparative test.
3. Successful elaboration of semester work in pre-set deadline. Maximum 100 points for handing over in the deadline max 80 points for late handing over.
4. Total number of points for awarding the course-unit credit has to be higher than 150.

Conditions for passing an exam: Knowledge of taught topics and its practical application.
Form of examination: Combined - a written test and an oral examination if necessary.

Course curriculum

Topics of lectures are the following:

1. Introduction - the basic identification of the problems, the sequence on study modules
2. The display of company's life (from small to multinational) - the '7S' scheme
3. Successful company, successful manager
4. The decision-making of changes within a company
5. Types and analyse of risk.
6. Methods of risk decreasing in company's management
7. Data, information and knowledge
8. The basics of investment mathematics and the methodology of investment decision-making.
9. Risk decreasing and evaluation of investments in personal and company's decision-making.
10. Risk connected with company's strategy change.
11. Prognosis - the instrument of risk decreasing in economic company's life.

The seminars will be focused on practising the lectured topics and elaboration of case studies (both individually and in teams).

Work placements

Not applicable.

Aims

The main objective of this course is to provide students with the theoretical basis and methodological procedures needed for analysing and evaluation of company's risk. It is necessary to master the classical and modern procedures of measuring the company's risk. Managing traditional and modern methods of risk decreasing in company's business with the stress on application methods and instruments of artificial intelligence (expert's systems, genetics algorithms, and neural networks) is also significant. The students will proof their knowledge on many practical examples of personal and company's investment decision-making.

Specification of controlled education, way of implementation and compensation for absences

Control of results of independent work on assigned tasks. In case of excused absence from seminars, the teacher can set additional condition if appropriate, usually elaboration of partial written task.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

RAIS, K.,DRDLA, M. Řízení změn ve firmě. Computer Press. Praha 2001.
SMEJKAL,V., RAIS, K. Řízení rizik ve firmách a jiných organizacích, Grada, Publishing.,a.s. Grada, Praha, 2006.

Recommended reading

DOSTÁL, P, RAIS, K., SOJKA, Z. Pokročilé metody manažerského rozhodování, Grada, 2005

Classification of course in study plans

  • Programme MRzI Master's

    branch RFI , 2 year of study, summer semester, compulsory
    branch RCH , 2 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Exercise

26 hod., compulsory

Teacher / Lecturer