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Risk Management
Paper Code:
BCP-613
Credits:
3
Contact Hours:
45.00
Max. Marks:
100.00
Objective:
Course Objectives:
- To gain knowledge and an insight into the spectrum of risks faced by businesses and to learn techniques of managing risks.
- To build capability for applying such learning to address risk related issues in real business scenarios.
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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BCP-613 |
Risk Management |
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments
Learning activities for the students: Self learning assignments, Effective questions, Simulation, Seminar presentation
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
9.00
Unit I:
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- Introduction to risk: The Concept of Risk, Risk and Uncertainty: Distinction, Classification of Risks, Dynamic Nature of Risks, Types of Risk, including, Strategic and Operational Risks, Business Risk, Financial Risk, Information Risk, Liquidity Risk
- Source and evaluation of risks: Identification and Sources of Risk, Quantification of Risk and various methodologies, Impact of Business Risk, Identify and assess the impact upon the stakeholder involved in Business Risk, Role of Risk Manager and Risk Committee in identifying Risk
9.00
Unit II:
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- Risk management: Concept of Risk Management, Course Objectives: and Process of Risk Management, Importance of Risk Management, Risk Management techniques
9.00
Unit III:
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- Evaluation of Risk Management Strategies: Risk Management Strategy alignment with Business Strategy (ii) Internal Control environment and linkages with Risk Management (iii) Risk Culture and attitudes to risk management (iv) Integrated Risk Reporting and Stakeholder responsibilities (v) IT Risk Management – Disaster Recovery
- Risk model: VAR, Stress Testing, Scenario Analysis, Country and Sovereign Risk Models and Management
9.00
Unit IV:
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- Credit risk measurement and management: Understanding the component of credit risk, Evaluating credit risk, Mitigating Credit risk, Qualitative and Quantitative techniques to manage risk, Credit scoring models
9.00
Unit V:
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- Risk associated with corporate governance: Evaluation of Risk Associated with Governance, Description and evaluation of framework for Board level consideration of risk, OECD Guidelines for Corporate Governance
- Enterprise Risk Management: Definition, Scope and Techniques
- Operational Risk Management: Definition, Scope and Techniques
References:
Study Material Published by ICAI
Academic Year:
