Course Description

A multidisciplinary perspective of risk assessment, modeling, and management. Topics include: concepts of personal accountability versus governance and policy; how organizations define and measure risk and loss; and plan for contingencies.



Professor of Record

Michelle Kaarst-Brown


Graduate students. 

Learning Objectives

  1. Learn and apply different theoretical frameworks that underlay individual and organizational perception of risk and their impact on risk management or contingency planning. This will enable you to better participate and develop risk management programs, strategies, and practices.
  2. Analyze what influences how risk, opportunity, loss, and benefit are defined and measured in the context of a variety of case studies and industries.
  3. Evaluate the process, challenges, and benefits of transitioning to an enterprise-wide risk approach in a variety of organizational contexts.
  4. Discern risks in different organizational contexts.
  5. Analyze and synthesize forces supporting or inhibiting organizational identification of risk or development of contingency activities.
  6. Learn and apply different qualitative and quantitative risk measurement approaches to be able to recommend appropriate methods for measuring and monitoring types of risk.
  7. Analyze, synthesize, and evaluate cases involving a wide range of risks to business continuity, including environmental disasters, accidental loss, deliberate human intervention, legislative, social, political, financial, and procedural risks. This will enable you to discern more effectively the broad range of enterprise-wide risks facing different types of firms.
  8. Research, synthesize, and evaluate risk management practices at real organizations in order to add to your practical experiences and understanding of enterprise-wide risk management.
  9. Learn and apply the common risk management vocabulary so that you may more effectively participate in discussions about enterprise-wide risk management.

Course Syllabus

IST 625 Spring 2021 Syllabus- Michelle Kaarst-Brown

IST 625 Spring 2021 Syllabus - Michael Larche

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