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School of Computer & Information Sciences

ITS835 – Enterprise Risk Management

Course Description:

This course goes beyond looking at risk management from the confines of quantitative topics to cover the full spectrum of risks that may emerge in enterprises. It covers a more holistic approach that includes the decisions and actions of employees in an active enterprise. It uses case studies to demonstrate the issues and challenges in total risk management. Finally, the course explore techniques for balancing enterprise risk and reward to enable performance optimization.

Course Objectives/Learner Outcomes:

Course Objectives/Learner Outcomes:

Upon completion of this course, the student will:

• Design and implement an appropriate ERM framework and risk governance structure customized to any type of organization.
• Conduct qualitative risk assessments to identify/prioritize key risks from among all risk sources.
• Quantify all types of risks, including strategic, operational, financial, and insurance.
• Develop a clear definition of risk appetite (the aggregate enterprise-level risk limit).
• Enhance strategic planning, increasing the likelihood of achieving strategic plan goals.
• Provide a rigorous business case for both business and mitigation risk-reward decision-making.
• Assure the board of directors that key risks are well understood and managed.

Understand and satisfy ERM requirements from rating agencies, regulators, and shareholders.

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Books and Resources:

Required Text
Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons

Other articles and readings may be assigned by course professor.

Course Activities and Experiences:

Students are expected to:

• Review any assigned reading material, complementary materials, and weekly lectures and prepare responses to homework assigned.
• Actively participate in activities, assignments, and discussions.
• Evaluate and react to each other’s work in a supportive, constructive manner.
• Complete specific assignments and exams when specified and in a professional manner.
• Utilize learned technologies for class assignments.
• Connect content knowledge from core courses to practical training placement and activities.

Writing Expectations:

Learning outcomes for candidates’ writing competencies include clarity of thought, discernment in planning and organization, and integration of evidence and criteria.

• The instructor expects that students will have knowledge of appropriate forms of documentation and use it where appropriate. APA format is required and style of notation to credit all sources that are not your own.
• There is a craft to writing. Spelling, grammar, punctuation and diction (word usage) are all tools of that craft.  Writing at the collegiate level will show careful attention to these elements of craft.  Work that does not exhibit care with regard to these elements will be considered as inadequate for college writing and graded accordingly.

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All assignments, unless otherwise instructed, should be submitted in APA format.

Participation Policy:

Study after study has linked successful academic performance with good class participation.  Those who assume positions of responsibility must “show up” in order to be effective.  Therefore, students are expected to actively participate in intelligent discussion of assigned topics in all areas (Discussion Board Activities, Synchronous Sessions, Forums, Shared Papers, etc.) to help process course material and/or to demonstrate understanding of course content. Point adjustments will be taken for non-participation.

Tentative Course Expectations (specific due dates are listed in the course module)