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BUS5800 Risk Analysis Models for Business (DISESTABLISHED FB 05/07)

Chief Examiner

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Unit Code, Name, Abbreviation

BUS5800 Risk Analysis Models for Business (DISESTABLISHED FB 05/07) (11 Dec 2007, 4:51pm) [Risk Models ]

Reasons for Introduction

Obsolete Reasons for Introduction

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.Reason for Change: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. 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 Masters of Business Systems degree 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.

Reasons for Change (29 Jul 2004, 5:03pm)

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

Prerequisite Units (15 Jan 2007, 2:47pm)

FIT9004 Computer programming for business

OR

BUS9520 and BUS9530

Frequency of Offering (29 Jul 2004, 5:04pm)

Offered twice a year, S1 and summer.

Faculty Information

Proposer

D R Mather

Approvals

School: 11 Dec 2007 (Julianna Dawidowicz)
Faculty Education Committee: 11 Dec 2007 (Julianna Dawidowicz)
Faculty Board: 11 Dec 2007 (Julianna Dawidowicz)
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 Masters of Business Systems degree 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.
12 Apr 2002 Caitlin Slattery edit prerequisites
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 Masters of Business Systems degree 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.
29 Apr 2002 John Hurst FEC SC recommendations, minor edits, need to fix Workload and Prerequisites
08 Nov 2002 Caitlin Slattery Update prohibitions (added ETX9520)
08 Nov 2002 John Betts Updated prohibitions. Approved School of Business Systems e-meeting 6/11/02
27 Feb 2003 John Betts Updated probhibitions approved School of Business Systems meeting 24/2/2003
29 Jul 2004 Caitlin Slattery modified ReasonsForIntroduction/RChange; modified Frequency
29 Jul 2004 Caitlin Slattery
29 Jul 2004 John Betts BUS School Approval, Approved School of Business Systems Education Committee 28 - 07 - 2004
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
15 Jan 2007 Ai Yeo modified Prerequisites/PreReqUnits
08 Feb 2007 Geraldine DCosta BUS School Approval, Approved GPG Mtg 1/07
08 Feb 2007 Geraldine DCosta FEC Approval
08 Feb 2007 Geraldine DCosta FacultyBoard Approval - The Graduate Postgraduate Programs Committee now has authority to formally approve minor unit amendments. GPG Mtg 1/07 has approved this version. Faculty Board approval has been added to aid administration in Monatar.
11 Dec 2007 Julianna Dawidowicz modified UnitName
11 Dec 2007 Julianna Dawidowicz BUS5800 Chief Examiner Approval, ( proxy school approval )
11 Dec 2007 Julianna Dawidowicz FEC Approval
11 Dec 2007 Julianna Dawidowicz FacultyBoard Approval - Faculty Board approved the disestablishment of this unit at 05/07 meeting

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