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BUS3800 Risk Analysis Models for Business

Chief Examiner

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Unit Code, Name, Abbreviation

BUS3800 Risk Analysis Models for Business [Risk Models ]

Reasons for Introduction

Obsolete Reasons for Introduction

This is an existing unit. The School of Business Systems requests approval to change the subject title and pre-requisites for this unit.This document differs from the previous version in two aspects:
  1. The unit title: The title of this unit was Risk Management Models for Business. It is now being called Risk Analysis Models for Business. This change was introduced to differentiate it from units offered through the Centre for Risk Management run by the Department of Accounting and Finance on the Caulfield Campus. At the time this subject was introduced in 1998, this centre was not in existence. There are now a number of units with Risk Management; in the title where the focus is the management of risk. The new title better describes the content of this subject where the focus is the analysis of risk.
  2. The Prerequisites: When this unit was introduced, it was assumed that students enrolling in it would be from the Bachelor of Business Systems and Bachelor of Commerce degrees and hence would have covered these pre-requisite areas. In recent semesters growing number of students from other degree programs have enrolled in this unit and found it difficult to cope with the content. Hence the need to state pre requisites.
In a market place that is globally competitive, organisations are constantly faced with rapid and unpredictable change. In order to succeed in this fiercely competitive business environment, organisations need to be able to immediately respond to and cope with such changes. Risk analysis techniques provide organisations with Management Science tools that have been developed to model and assess risk. Risk management is used extensively in the petroleum industry, security fraud, disaster recovery, transportation, project management, environmental management, mining and quality control. Risk management is an essential subject offering for students planning to join the business sector when they graduate.

Reasons for Change (29 Jul 2004, 4:59pm)

Change of semester of offering from semester 2 to semester 1. This is for staffing reasons.

Objectives

Unit Content

Teaching Methods

Assessment

Workloads

Resource Requirements

Software Requirements (21 Oct 2005, 1:04pm)

Software Title: @Risk32

Vendor: Palisade
Version: 3.5.2
OS: Windows
First Semester Week Required : week 1
License Details: (x)Licensed ( )Site License ( )Freeware
Nominated Staff for software testing:
Name: Lucky Effendi
Phone: x55218
Email: Lucky.Effendi@infotech.monash.edu.au
Additional Information / Functionality / Special Requirements:

Prerequisites

Frequency of Offering (29 Jul 2004, 5:00pm)

Offered twice a year, S1 and summer.

Enrolment (29 Jul 2004, 5:00pm)

30

Faculty Information

Proposer

D R Mather

Approvals

School: 29 Jul 2004 (John Betts)
Faculty Education Committee: 05 Aug 2004 (Ralph Gillon)
Faculty Board: 25 Aug 2004 (Ralph Gillon)
ADT:
Faculty Manager:
Dean's Advisory Council:
Other:

Version History

12 Apr 2002 Caitlin Slattery This document differs from the previous version in two aspects: 1. The unit title: The title of this unit was "Risk Management Models for Business". It is now being called "Risk Analysis Models for Business". This change was introduced to differentiate it from units offered through the Centre for Risk Management. At the time this subject was introduced in 1998, this centre was not in existence. There are now a number of units with "Risk Management" in the title where the focus is the management of risk. The new title better describes the content of this subject where the focus is the analysis of risk. 2. The Prerequisites: When this unit was introduced, it was assumed that students enrolling in it would be from the Bachelor of Business Systems and Bachelor of Commerce degrees and hence would have covered these pre-requisite areas. In recent semesters growing number of students from other degree programs have enrolled in this unit and found it difficult to cope with the content. Hence the need to state pre requisites.
16 Apr 2002 Caitlin Slattery Approved SEC 08/04/2002
19 Apr 2002 Caitlin Slattery This document differs from the previous version in two aspects: 1.The unit title: The title of this unit was Risk Management Models for Business. It is now being called Risk Analysis Models for Business. This change was introduced to differentiate it from units offered through the Centre for Risk Management. At the time this subject was introduced in 1998, this centre was not in existence. There are now a number of units with Risk Management; in the title where the focus is the management of risk. The new title better describes the content of this subject where the focus is the analysis of risk. 2.The Prerequisites: When this unit was introduced, it was assumed that students enrolling in it would be from the Bachelor of Business Systems and Bachelor of Commerce degrees and hence would have covered these pre-requisite areas. In recent semesters growing number of students from other degree programs have enrolled in this unit and found it difficult to cope with the content. Hence the need to state pre requisites.
02 May 2002 Caitlin Slattery Edited as per FEC Steering Committee recommendations
08 Nov 2002 Caitlin Slattery Updated prohibitions (added ETC3480, ETC3484, ETW3480, ETX3011)
08 Nov 2002 John Betts Updated prohibitions. Approved School of Business Systems e-meeting 6/11/02
29 Jul 2004 Caitlin Slattery modified ReasonsForIntroduction/RChange; modified Frequency; modified Enrolment
29 Jul 2004 John Betts BUS School Approval,
05 Aug 2004 Ralph Gillon FEC Approval
25 Aug 2004 Ralph Gillon FacultyBoard Approval
15 Nov 2004 Lucky Effendi modified ResourceReqs/SoftwareReqs
16 Nov 2004 Lucky Effendi modified ResourceReqs/SoftwareReqs
17 Oct 2005 David Sole Added Software requrirements template
21 Oct 2005 David Sole Updated requirements template to new format

This version: