Course detail

Risk management

FP-IrmanPAcad. year: 2025/2026

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.

Guarantor

prof. Ing. Karel Rais, CSc., MBA, dr. h. c.

Department

Institute of Informatics (ÚI)

Entry knowledge

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.

Rules for evaluation and completion of the course

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.
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.

Aims

The primary goal of the course is for students to acquire the theoretical foundations and methodological procedures necessary for the identification, analysis, and assessment of risk in corporate processes. Special attention is given to methods for reducing the risk of failure in the implementation of organizational change processes. Based on an understanding of classical change models (such as Lewin's model), a methodology for executing corporate strategy changes while considering risk processes is presented. Methods for the proactive elimination of the causes of risk situations and for mitigating the adverse consequences of these situations are demonstrated through specific examples. Basic principles of forecasting are introduced as tools for reducing uncertainty about the future and mitigating emerging risks, including their fundamental advantages and disadvantages.

Students will be familiarized with the basic procedures for measuring corporate risk and will master traditional methodological approaches to practical risk reduction in businesses. They will learn classic principles of modeling organizational change processes, taking risk into account, enabling them to actively manage standard corporate change processes while considering risk factors. Students will also be equipped to manage standard change processes for strategies (both business and functional) within individual strategic business units (SBUs) of the company.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

MERNA, T. Risk management: řízení rizika ve firmě / Tony Merna, Faisal F. Al-Thani. 1. vyd., Brno: Computer Press, 2007, 194 s., ISBN 978-80-251-1547-3.
RAIS, K., DOSKOČIL, R.: Risk management. 1.vyd., CERM s.r.o, Brno, 2007, 152 s., ISBN 978-80-214-3510-0.
SMEJKAL, V. RAIS, K.: Řízení rizik ve firmách a jiných organizacích. 2. aktual. vyd., Praha: Grada Publishing, a.s., 2006, 296 s., ISBN 80-247-1667-4.
TICHÝ, M. Ovládání rizika: analýza a management, 1.vyd. Praha: C.H.Beck, 2006, 396 s., ISBN 80-7179-415-5.

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR-IM Master's 1 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. Ing. Karel Rais, CSc., MBA, dr. h. c.

Syllabus

The main aim of the course is for students to acquire the theoretical foundations and methodological procedures necessary for identifying, analyzing, and evaluating risks in business processes.

The basic thematic content of the lectures is as follows:

  1. Introduction – basic overview of the subject, linkage to other study courses.
  2. Representation of a company's life cycle (from small to multinational) – "7 S" framework.
  3. Successful company, successful manager.
  4. Decision-making regarding changes in the company.
  5. Types and analysis of risks.
  6. Methods for risk reduction in company management.
  7. Data, information, and knowledge.
  8. Basics of investment mathematics and investment decision-making methodology.
  9. Cyber risks.
  10. Risk reduction and investment evaluation in personal or corporate investing.
  11. Risk associated with changing company strategy.
  12. Forecasting – a tool for reducing risk in the economic life of the company.
  13. Crisis management of the company.

The content of the exercises includes practicing the lecture topics and working on case studies (both individually and in groups).

Exercise

13 hod., compulsory

Teacher / Lecturer

prof. Ing. Karel Rais, CSc., MBA, dr. h. c.

Syllabus

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