MNM3RMT: Risk Management

Module code: MNM3RMT

Module provider: Leadership, Organisations and Behaviour; Henley Business School

Credits: 10

Level: Postgraduate Masters

When you'll be taught: Full year

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Pre-requisite module(s):

Co-requisite module(s):

Pre-requisite or Co-requisite module(s):

Module(s) excluded:

Placement information: No placement specified

Academic year: 2024/5

Available to visiting students:

Talis reading list:

Last updated: 28 May 2024

Overview

Module aims and purpose

The Managing Risk module is designed for practicing managers and early career high potential employees who are likely to fast track into senior leadership positions, to enable them to: 

• Develop enhanced skills & capabilities for identifying management risks. 
• Prioritise different risks as embedded in managerial decision-making 
• Evaluate reporting and monitoring accountabilities of risks as performance  
• Synthesise the communication and engagement of risks for different stakeholders 

Managing risk requires connecting heightened awareness and governance processes for pro-actively identifying, assessing, building resilience, monitoring and engaging with key stakeholders. This enables minimising threats and maximising opportunities, as priority for successful outcomes. Recently, the range and intensity of emerging external/internal risks to organisational managerial contexts has evolved with impact of pandemic; digitalisation; financial shocks; competitive positioning; regulatory or environmental pressures; ethical concerns; reputational issues; top team behavioural dynamics; leadership agendas or politics. The Managing Risks elective examines risk as higher order preparedness in judgements for managing uncertainties, handling crisis and enabling sustainability. In doing so, it provides theoretical and practical insights towards enhancing skills & capabilities for managerial planning and execution of risks through problematic situations or innovative change.   

Module learning outcomes

On completion of the module, programme members will be able to demonstrate their ability to: 

• Explain risk as having consequences that can be favourable or unfavourable 
• Critically analyse risk management in contexts, using appropriate models & frameworks 
• Evaluate managerial risks as part of effective management decision making 
• Communicate & engage about risk with different stakeholders 

Additional outcomes: 

By the end of the module it is expected that programme members will be able to demonstrate their ability to:  

• Appreciate individual tolerance as aligning with organisational culture in risk management 
• Explain the dynamic link between managing risk and organisation strategy 
• Critically appraise risk root causes as more than just formal reporting, to include informal & unseen risks.  
• Formulate the risk management process for their organisation situation or management context 
• Positively manage risks as uncertainties   

Module content

Topics to be covered include: 

1. Identification, concept and assessment of risk in management decision making  
2. Building resilience in managing risk 
3. Risk reporting, disclosure, and managerial accountability  
4. Stakeholder engagement and communication of risk  

Structure

Teaching and learning methods

This is an elective module 

This is primarily a self-study module, comprising an online study guide with core and further readings, supported by webinars, practice application exercises, a discussion forum, and multi-media learning objects, including video. 

The contact hours are shown for one semester in the table below for illustrative purposes only. The actual timing will vary depending on your start date. 

Study hours

At least 4 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

50% pass mark - “Students need to achieve an overall module mark of 50% to pass this module.”   

Summative assessment

Penalties for late submission of summative assessment

This module is subject to the Penalties for late submission for Postgraduate Flexible programmes policy, which can be found at:

https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmissionpgflexible.pdf

The Module Convenor will apply the following penalties to work submitted late:

• where the piece of work is submitted up to one calendar month after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark; 
• where the piece of work is submitted more than one calendar month after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

The module includes a series of real-world risk related mini-case studies. Participants will have opportunities to analyse a case in each session and share their analysis in the chat/forum. Each participant can receive Q&A through tutor support/chat as part of online forum. 

Reassessment

Additional costs