Please note - Swinburne University of Technology

R~sk control: concepts and definitions; organisational and risk
management objectives. Overview of risk management
models: process model, assets, vulnerabilities, exposure and
threats model, functions and activities model; risk control
pr~nciples and practice; decision making. Insurance: the history
and role of insurance, principles of insurance: contents, claims
estimates, premium determination, types of premiums, reinsurance,
the role of brokers; liability insurance concerning
products, employers, employees and the public. Professional
indemnity: contract types and administration catastrophic loss
insurance: contract types and administration; captive insurance
organisations, self insurers, bank guarantees.
Reference
De Jonghe, F! Readings m Risk Management, Risk Transfer & Insurance.
Melbourne, Swinburne University of Technology, 1983
~ ~ 7 1Risk 4 Analysis
No. of hours per week: two hours
Instruction: lectures and tutorials
Subject aims and description
This subject aims to further develop principles and techniques
of risk assessment, analysis and control.
Historical overview of health and safety within society; prescientific
attitudes to causation and early scientific approaches
to risk analysis.
Risk analysis and use of modelling: application of risk
estimation, psychological, energy damage and generalised
time sequence models.
Risk diagrams and analysis of risk related data; recording of
data.
Occurrence investigation: the objectives and training
requirements.
Information systems: classification, analysis and use of data.
References
Selected readings and course notes
Rowe, W.D. An Anatomy of Risk. Repr. Manabar, R.E. Krieger, 1988
Viner, D.Accident Analysis and Risk Control. Carlton South. VJR Delphi,
1991
~ ~ 7 1 Risk 5 Engineering
No. of hours per week: two hours
Instruction: lectures and tutorials
Subiea aims and descri~tion
This subiect aims to provide stbdents with further experience in
the application of risk estimation and analytical techniques.
Risk estimation and loss rate concept.
Risk diagrams and risk modelling prhciples.
Risk modellina usina comauter simulations.
Outcome andysis and event trees.
Fault tree analysis: techniques and applications.
Failure modes and effects analvsis and methodoloav.
Sources of risk data - probabfiity, failure and relidlity.
Hazard and operability studies.
References
Rowe. W.D. An Anatomy of Risk. Repr. Malabar, R.E. Krieger, 1988
Viner, D. Accident Analysis and Risk Control. Carlton South, VJR Delphi,
1991
~ ~ 7 1Risk 6 Evaluation Principles
No. of hours per week: two hours
Instruction: lectures and tutorials
Subject aims and description
The aim of this subject is for students to understand the
application of risk evaluation and decision making within
human social structures and the implications for human
organisation activities.
Risk evaluation and the role of decision making: problem
solving and decision making; case studies; personal and small
group risk evaluation principles; the balance between risk
benefits and costs (including disbenefits); acceptability of risk;
basis upon which people respond to risk situations;
controllability of risk; control techniques and trend analysis.
Human social organisations: fundamentals of human social
organisation; nature and operation of groups; nature and
experience of risk within groups; organisational behaviour in
situations of change.
References
Eunson, B. Behaving: Managing Yourself and Others. Sydney,
McGraw-Hill, 1987
Fischhoff, B. et al. Acceptable Risk. Cambridge, New York, Cambridge
University Press, 1985
Mooney, G.H. The Valuation of Human Life. London, Macmillan Press,
1977
~&cher, N. Risk: A Philosophical Introduction to the Theory of Risk
Evaluation & Management. Washington D.C., University Press of
America, 1983
Schwing, R.C. and Albers, W.A. Jr. (ed) Societal Risk Assessment. How
Safe is Safe Enough?. New York, Plenum Press, 1980
Tyson, T. Working with Groups. South Melbourne, Macmillan, 1989
~ ~ 7 1Financial 8 Risk Management
No. of hours per week: two hours
Instruction: lectures and tutorials
Subject aims and description
This subject aims to further develop a practical understanding
of how risk may be effectively managed, and how this relates
to the various financial structures within the country.
Risk manaqement systems: organisational and national
structures,-crisis managemenfsystems, and assessment of
oraanisation effectiveness: tvaes of financial risk: financial
instruments and their useit6e timing of financial risk; tax
effects associated with financial risk: cost benefit analysis
principles and techniques; forecasting techniques; project
financing.
Reference
Carew, E. Fast Money 3. North Sydney, Allen & Unwin, 1991