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DRPS : Course Catalogue : Business School : Business Studies

Undergraduate Course: Risk Management (BUST10036)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 10 (Year 3 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThe course provides students with an appreciation of the issues, techniques and concepts in risk management. Risk management is the ability to identify, analyse, evaluate and absorb risk which allows the individual or organisation to manage risk in their activities or their organisations.

Course description The course is divided into two main parts: Theory and Practice. The theory is divided into four main subsections: Identification, Analysis, Evaluation and Absorption. The practice part is divided into Health and Safety, Industrial Risk, Medical Risk, Financial and Insurance Risk and Transport Risk.


Introduction, General Concepts and Overview
Evaluation of Risk
Absorption and Ethics
Finance and Insurance
Health and Safety
Engineering/Industrial and Transport

Student Learning Experience

The lecture programme provides details of the approaches to risk management including, identification, analysis, evaluation and absorption, and of application of the approaches in a wide range of management contexts. The seminars will be used to discuss issues arising from the course and will specifically tackle issues associated with requirements for assessment such as preparation for the project and examinations.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements Years 3 & 4. Business Studies Honours entry
Information for Visiting Students
Pre-requisitesVisiting students should have at least 3 Business Studies courses at grade B or above (or be predicted to obtain this). We will only consider University/College level courses.
High Demand Course? Yes
Course Delivery Information
Not being delivered
Learning Outcomes
On completion of this course, the student will be able to:
  1. Describe the approaches taken in risk management
  2. Critically review the approaches used in risk management.
  3. Apply the approaches to specific context, which includes the selection and implementation.
Reading List
John Adams, "Risk", University College Press.

Ansell & Wharton, "Risk - Analysis, Assessment and Management", John Wiley and Sons
Additional Information
Graduate Attributes and Skills Cognitive Skills

On completion of the course students will be able to demonstrate:
a) they can describe the approaches to risk management;
b) they can critically review the techniques used in risk management
c) to apply risk management techniques to specific context.

Key Skills

On completion of the course the students will be able to:
a) demonstrate their ability to plan and implement risk management approaches to a real world activity or organisation which includes selection and evaluation of the approach;
b) demonstrate they can present findings of their risk analysis of an activity or organisation in a written form.

Subject Specific Skills

On completion of the course the students will be able to:
a) develop their critical and evaluatory skills in dealing with application of risk management to real-world activities or organisation.
Additional Class Delivery Information 1 lecture every week
Available to 3rd & 4th year students.
Course organiserProf Jake Ansell
Tel: (0131 6)50 3806
Course secretaryMiss Anastasia Fliatoura
Tel: (0131 6)50 3826
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