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Course Outline Project Risk Management

I am a Ms student in business management

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15 views3 pages

Course Outline Project Risk Management

I am a Ms student in business management

Uploaded by

kibromkk
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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MICROLINK IT AND BUSINESS COLLEGE

POSTGRADUATE SCHOOL
MBA PROGRAM

Course: Project Risk Management Instructor: Dr. Mulu A

Course Discription

Risk affects every aspect of projects. The effects of risk are not confined within any predictable
boundaries; a single event can easily influence several areas of an organization at once,
producing consequences far beyond the immediate impact. The pervasiveness and complexity of
risk presents strong challenges to project managers, one of the most important being the
coordination of risk management across areas within the organization. It deals with: the nature
and management of risks; risk concepts, classification of risks, management of pure risks
through various risk handling tools, industrial safety, general principles of insurance and major
classes of insurance, reinsurance and development & regulation of the insurance.
Course Objective
After accomplishment of this course, students will be able to:-
 Know basic concepts of risk
 Explain the basic classification of risk
 Understand the principles of insurance
 Understand insurance Industry in Ethiopia
 Explain the nature and application of reinsurance
 Identify and measure business loss exposures.
 Discusses how to select among the major tools of risk management

CONTENTS
CHAPTER 1: RISK AND RELATED CONCEPTS
1.1. Definition of Risk / Meaning of risk
1.2 Risk versus uncertainty
1.3 Risk versus probability
1.4 Level of Risk
1.5 Risk, Peril and Hazard
1.6 Classification of risks
1.6.1 Financial and Non financial risks
1.6.2 Static and dynamic Risks
1.6.3 Fundamental and particular Risks.
1.6.4. Objective and subjective risks
1.6.5 Pure and Speculative Risks
1.7 Risks Related to Business Activities
1.7.1 Business Risk
1.7.2 Financial Risk
1.7.3 Interest Rate Risk
1.7.4 Purchasing Power Risk
1.7.5 Market Risk
1.8 Risk in International Business
1.8.1 Transaction Exposure (Risk)
1.8.2. Translation Exposure (Risk)
1.8.3 Economic Exposure
1.9 Self-Check Questions
CHAPTER TWO: RISK MANAGEMENT
2.1 What is Risk Management
2.2 Objectives of Risk Management
2.3 Steps in Risk Management Process
2.3.4 Risk Administration
2.4 Self Check Questions
CHAPTER 3: TOOLS OF RISK MANAGEMENT /HANDING/
3.1 Risk Control Tools
3.2 Risk Financing Tools
3.3 Self-Check Questions
CHAPTER 4: MANAGING PROJECT RISKS
4.1 Introduction
4.2 Major Aspects of Risk Management in a Project
4.3 Project management is Risk Management! What does it mean?
4.4 Self Check Questions
Assessment Policy
Article Review……………………………………………20%
Literature Review…………………………………….…20%
Participation (Online Discussion Forum)…………..10%
Final Exam……………………………………….…… 50%

REFERENCE
 C.Arthur Williamsjr. and Richard M. Heins. Risk Management and Insurance , 4 thed,
1981 McGraw-Hill
 George E. Rejda, principles of Risk Management and Insurance, 6 thed.1998,Addison-
wesley.
 Hailu Zeleke, Insurance in Ethiopia, AAU.
 Joel Bessis, Risk management in Banking, 2nd, 1998, wiley.

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