BFA722 Risk Management Semester Two, 2009 Unit Outline School of Accounting and Corporate Governance Faculty of Business Kerri O’Donnell CRICOS Provider Code: 00586B Contact Details Unit Coordinator Kerri O’Donnell Campus Hobart E-mail [email protected] Postal Address School of Accounting & Corporate Governance University of Tasmania Private Bag 86 Hobart, TAS 7001 Consultation Hours Any time via MyLO email, with 24 hour turnaround during business hours (Mon-Fri 9.00am5.00pm) The University of Tasmania 2009 1 Contents 1. Unit Description .................................................................................... 3 2. Learning Outcomes ............................................................................... 3 3. Learning Resources Required ............................................................... 4 4. MyLO .................................................................................................... 6 5. Details of Teaching Arrangements ........................................................ 8 6. Learning Expectations and Strategies ................................................... 9 7. Assessment .......................................................................................... 11 8. How Your Final Result is Determined................................................ 16 9. Penalties............................................................................................... 16 10. Requests for Extensions ...................................................................... 17 11. SETL ................................................................................................... 18 12. Academic Referencing ........................................................................ 18 13. Further Information and Assistance .................................................... 21 14. Unit Schedule ...................................................................................... 22 2 1. Unit Description This Unit will take you on a risk journey. We begin by exploring the building blocks of a risk model, which we will later refer to as Enterprise Risk Management. It is our intention to apply the Australia/New Zealand Risk Management Standard to our work. The Introductory Module places important risk concepts in the spotlight. Modules 15 ask questions such as: How is risk identified; how do different individuals perceive risk; how is risk measured; how is the relative importance of different risks assessed; and what are the dimensions of risk? The emphasis is on the importance of managing risk. Module 5.5 brings the first five modules together in an Enterprise Risk Framework. That is, a holistic and integrated approach to the management of risk within the firm. The ensuing Modules consider specific areas of risk – financial/political, social/environmental, human resource/people issues, and web/internet/technology. The final Module provides an overview of the Unit and looks toward the future of risk, and the issues that firms may need to deal with. The underlying tenet of the Unit is a focus on the importance of developing an Enterprise Risk Management Framework, and seeking to continually monitor and improve risk management in the light of the dynamic and changing world in which we live. 2. Learning Outcomes On completion of this Unit, you should be able to: 1. Explain the concept and nature of risk as it applies to organisations and their activities (links to the knowledge and communication skills graduate attributes). 2. Identify risk as a local, national and global phenomena and comment on the changing risk environment within which organisations operate (links to the knowledge graduate attribute). 3. Explain how risk influences decision-making (links to the knowledge and communication skills graduate attributes). 4. Apply recognised processes of risk management to organisations and their activities (links to the knowledge and problem solving skills graduate attributes). 5. Compare and contrast varying approaches to risk management (links to the knowledge, problem-solving and social responsibility graduate attributes); and 6. Provide advice in relation to risk and risk management (links to the knowledge, communication skills, and problem-solving and social responsibility graduate attributes). 3 Generic Graduate Attributes The University has defined a set of generic graduate attributes that can be expected of all graduates (see http://www.utas.edu.au/tl/orientation/generic-ga.html). By undertaking this unit you should make progress in attaining the following attributes. • Knowledge: Explain the nature and concepts of risk and risk management. You will learn to apply this knowledge using an enterprise risk management framework. • Communication Skills: Write coherently on risk and risk management, and present material on the web in a coherent and understandable format. • Problem Solving Skills: Interpret scenarios for organisations in risk management terms, identify risk and risk management issues and use knowledge of risk and risk management to justify an answer. • Social Responsibility: Acknowledge the social and ethical implications of risk management decisions. Learning Outcomes/Generic Graduate Attributes Matrix Generic Graduate Attributes Learning Outcomes Assessment items 3. Assessable Discussions Article Assignment Capstone Assignment Learning Outcome 1 9 9 9 Learning Outcome 2 9 9 9 Learning Outcome 3 9 9 9 Learning Outcome 4 9 9 9 Learning Outcome 5 9 9 Learning Outcome 6 9 9 9 Knowledge 9 9 9 Communication 9 9 9 Problem Solving 9 9 9 Social Responsibility 9 9 9 Learning Resources Required Required Reading There is no prescribed textbook for this Unit. Course materials will be provided on the Unit CDRom. 4 You are required to read AS/NZS 4360:2004 Risk Management and HB 436:2004 Risk Management Guidelines: Companion to AS/NZS 4360:2004. To access these documents: • Access the Standards Australia database via the library's databases page at: http://www.utas.edu.au/library/info/dbase/index.html. • Click the link to 'S' and scroll down to Standards Online Premium. • Then do a search for '4360' and you should find both the handbook and the standard at the top of the list. (Ignore all items that mention 'buy' or 'purchase'.) • Click "view document", which will give you the choice of whether to view online or save. Saved documents will expire after a couple of days due to the licensing agreement, so you may prefer to print them out. You are also expected to research and to read additional material for the purpose of completing assignments. Recommended Reading Fleet, W, Summers & Smith, B. (2006), Communication Skills Handbook for Accounting, 2nd ed., John Wiley & Sons: Brisbane Learning Resources Extensive course materials will be provided to you through an interactive Unit CD and MyLO. The materials are in Modular format. That is: The Introductory Module and Modules 1-10. The course materials include PowerPoint presentations with audio narrations, PowerPoint slides (in PDF and Text format), and readings taken from books, journals, magazines, websites, reports and other sources. The readings are included on the Unit CD (in PDF format), which will be forwarded to you by post together with the Unit Outline. Students are encouraged to read more widely to develop an understanding of the Unit’s subject matter as well as a general understanding of business management, operations processes and types of risk exposures affecting business decisions. Independent reading to further your understanding and/or support your assessable work could include material you find in books, journals, magazines, websites, reports and other sources. You can also access journals via the E-journals web page contained on the university library website, along with databases such as Science Direct, Proquest and Emerald. PDF Files Many course materials made available on the Unit CD will be in Portable Document Format (PDF). These files can be viewed by you from within your web browser or separately by using a program called Adobe Acrobat Reader. This software is already installed on the computers in the University but can be downloaded free of charge from the Adobe site: http://www.adobe.com/prodindex/acrobat/readstep.html. Other Publications 5 Information in relation the School of Accounting & Corporate Governance, the Faculty of Business, the Faculty Guide for Students and Useful Links is available on the Unit CD under “Contact and Study Information”. Read this information carefully. Technical and Software Requirements The Unit CD will run on University lab computers and on private computers with a CDRom drive and Microsoft Windows software. If you have difficulties running your CD or other campus and off-campus IT facilities, please contact the Service Desk on 6226 1818 or [email protected] 4. MyLO MyLO will be used to make up-to-date unit materials available to you and to give you access to announcements and discussion groups. MyLO is an internet service that has been adopted by the University and will be used in this unit. MyLO may be accessed on computers in computing laboratories at the University or on your computer at home or at work. Information about accessing and using this service, required computer specifications, frequently asked questions, and about how to get help if you experience difficulties, is available at the following University website: http://www.utas.edu.au/coursesonline You are strongly advised to visit this site and become familiar with the features of MyLO, especially if you have not used it before. You will probably be using it in other units that you are studying as well. Here are some important points about accessing our web site. You are reminded that when using MyLO, the Information Technology Facilities Use Guidelines apply (http://www.utas.edu.au/itr/policies/), as per the Information Technology Facilities Use Agreement you signed when you registered as a student. Please ensure all electronic communications are courteous and constructive. Access to MyLO You can access your MyLO course from the Student Page on the University’s web site: Current Students ËLOGIN [email protected] or go directly to the web address noted above: • Enter your email POP account “Username” (for example, dsmith) and your “Password”. These are identical to the pop account/email username and password that you are given with your enrolment confirmation form. If you forget your pop account username, contact the Help Desk (see below under ‘getting assistance with MyLO). Both MyLO and e-mail passwords must remain the same. If you are going to change your password, change your e-mail password first. • When you enter your user name and password, click on OK and choose “BFA722” from the list of units (subjects) in which you are enrolled. Units will not appear on your list until your enrolment is processed. [NOTE: Another box may periodically appear when using the University network which asks you to 6 verify your user name & password, this is simply a security device – enter your password when asked & click OK]. o MyLO will automatically check that your browser is properly configured. If the MyLO ‘browser checker’ window appears – scroll down to make sure you have a tick in each area shown – then close the window. • From the Unit’s homepage click on the area you wish to access e.g. “Unit Information”. A table of contents will appear on your screen. Scroll through the list until you find what you want to access. Computer hardware & software To access MyLO from your own computer you will need the appropriate software, and hardware to run that software. See Learning Online at http://uconnect.utas.edu.au for computer software you will need. Note: Older computers may not have the hardware to run some of the required software applications. Contact your local IT support person or the Service Desk on 6226 1818 if you experience difficulties. For further information on using MyLO self help sheets can be accessed at: http://www.utas.edu.au/coursesonline/MyLO-Support.htm If you have difficulty in gaining access to or using MyLO you can contact the Service Desk Tel: (03) 62 26 1818 (1300 304 903 Freecall – Tasmanian Land Lines only) or send an e-mail message detailing your problem to: [email protected] MyLO Facilities Used for this Unit Announcements – MyLO offers an Announcements facility, which the Unit Coordinator will use to make announcements to you from time to time. Announcements will be visible when you first open MyLO for this Unit (pop up). Only the Unit Coordinator can post to the Announcements facility. Discussions – This area is provided for on-line discussion between the Unit Coordinator and you, and between you and other students. Discussion is arranged into categories as follows: Module Discussion - The Unit Coordinator has opened topics for each of the ten Modules in which you can make postings in relation to your learning of module content. These threads are for non-assessable discussions only. For example, you may have questions to ask, or comments to make, that will help you develop your understanding of course concepts, or may be of interest to other students. Please post to the most relevant discussion thread to make it easier for everyone to find them. The Unit Coordinator will participate in Module Discussions on a regular basis, and will attempt to respond to queries within 24 hours. Assessable Discussion - Assessable Discussions are a part of this Unit’s assessment items (see later in this Outline). The Unit Coordinator has opened specific Assessable Discussion threads for this purpose. Note that these particular threads must be used for assessable discussions only. For more information, see the Assessable Discussion Task description, below. 7 News and Events - You can use this discussion board to communicate about current issues that are relevant to the unit. Risk management issues of one type or another are frequently in the media. To make this unit more interesting and useful, you should try to keep abreast of these developments by reading newspapers and magazines. You should also watch current affairs and business programs on TV and listen to such programs on the radio. When you see something interesting, make a posting to let other students know about it. Study Skills – This discussion board is provided as a forum for you to discuss issues related to managing your learning. Some information will be provided to start you off, such as a presentation on concept mapping and a compilation of hints and tips for developing effective skills, including links to a selection of UTas and external websites. As different techniques work for different people, you are encouraged to post your own ideas to this thread, and to respond to others’ questions. Further information about effective study for this unit is included in the Learning Expectations & Strategies section, below. You may also post generic questions about assessment requirements to this thread. Social Cafe – This discussion board is provided so that you can communicate with other students with a view to getting to know everyone in the Unit. Please introduce yourself at the beginning of semester, providing some information about yourself, such as which degree you are studying toward, what you hope to do after graduation, what your interest in risk is, and what you hope to gain from this Unit. You should use the Social Cafe to create an on-line community with other students. Mail – MyLO offers a Unit-specific email facility which the Unit Coordinator will use to send emails to you from time to time. If you wish to communicate with the Unit Coordinator privately, you can use this email facility. MyLO email will not transmit extremely large file attachments, so if you have difficulty submitting an assignment, you can email the Unit Coordinator at the address given on page 1. Students are encouraged to pose unit-related questions to the BFA722 discussion boards, rather than by e-mail to teaching staff, as this allows everybody in the unit to benefit from the discussion. 5. Details of Teaching Arrangements The Unit CD provides details of ten Modules for you to study independently in this Unit. For each Module there are narrated PowerPoint slides that introduce the key concepts for that Module. There are also Readings for each of the Modules, and questions posed for Assessable Discussion. There are also various non-assessable 8 activities. You will need to complete one Article Assignment and a Capstone Assignment. NO formal face-to-face classes or meetings are scheduled for this Unit. Your work is flexible in that you are free to manage your weekly study timetable as you choose, but submission deadlines apply to all assessment items, so you will need to plan your time to meet the completion dates set out in the Unit Schedule on the last page of this Unit Outline. In this flexible on-line unit, all interaction is online. You MUST maintain regular contact. The Unit Coordinator will monitor MyLO closely, but you are responsible for ensuring you participate and meet the requirements set out in this Unit Outline. 6. Learning Expectations and Strategies All aspects of your work are expected to be of a high standard, both in academic content and quality of presentation. You are required to comply with the requirements of this Unit Outline and to meet the University and School expectations of students. Expectations The School of Accounting & Corporate Governance is committed to high standards of professional conduct in all activities, and holds its commitment and responsibilities to its students as being of paramount importance. Likewise, it holds expectations about the responsibilities that students have as they pursue their studies. The University’s Code of Conduct for Teaching and Learning http://www.utas.edu.au/policy/subject.html#teaching states: Students are expected to participate actively and positively in the teaching/learning environment. They must strive to maintain steady progress within the subject or unit framework, comply with workload expectations, and submit required work on time. To undertake this flexible on-line unit you MUST strive to meet the expectations of the School and the University as stated. Studying and Learning Independently For an introduction to Flexible Learning, and an overview of the skills required, visit http://www.utas.edu.au/coursesonline/flexibleskills.htm To get the most from this Unit, you should adopt the following approach: • Track your progress through the Unit CD materials. • Locate the Module you are up to on the Unit CD. • Listen to the PowerPoint presentation(s). • Read the readings provided. • Reflect on the concepts and issues that have been encountered. • Discuss issues raised in non-assessable discussion threads, as appropriate. • Post your Assessable Discussions. • Do any other activities that are provided for each Module. 9 The Unit is planned to enable you to work at your own pace. It is important, however, to work consistently through the course materials. If there is any area of work that you do not understand, you should immediately post a MyLO query, and make sure you do not progress to the next module without a thorough understanding of the previous one. Each part of the Unit develops themes from, and assumes an understanding of, the previous modules, so it is important that areas not be skipped. Encouraging you to study and learn independently is an important goal of university study. It is a feature of a reflective approach to learning in which you reflect on what it is you are learning and how you plan your learning strategy. It is not the aim of flexible delivery that you feel you must work through problems alone. You are encouraged to make good use of the MyLO facility, because the exchange of information and ideas is a very important part of learning development. You will gain most benefit by staying in close contact with other students and with the Unit Coordinator. Please ask questions or contribute ideas, even if only partly formed, as these can often form a basis for very constructive interaction. Remember that the MyLO discussions (assessable and non-assessable) will be as interesting and useful as you make them. You should do well in this Unit if you: • develop an interest in risk management and relevant media reports; • keep up-to-date with your coursework; • consolidate your understanding by making appropriate short notes and summaries; • give yourself plenty of time to complete your assignments and discussion postings; • prepare for and actively participate in assessable/non-assessable discussion (this is especially important as a medium for students from many disciplines to share their particular expertise); and • take responsibility for your own learning. Time Management The Unit Schedule on the final page of this Unit Outline sets out a general programme for studying the ten Modules covered in this Unit. You MUST allocate yourself SUFFICIENT TIME to work your way through all of the Modules, participate in the Assessable Discussion and, complete the assignments. It would be VERY unwise to leave insufficient time so that you have to complete a large amount of work in a short period. In particular, you will see in the Assessment section that you are not permitted to request and undertake the Capstone Assignment UNTIL you submit your Article assignment. For more information on managing your time and study, please refer to the Hints & Tips information on the MyLO Study Skills discussion board, the University’s Services & Support site: http://services.admin.utas.edu.au/index.asp and other resources freely available on the internet. 10 Study Skills If you are studying this Unit you must already have developed skills and strategies that have helped you to achieve success in previous undergraduate units. However, the subject matter of this Unit will probably be new to you. In addition to practical problem solving and application of risk management practices and principles, the Unit requires critical and abstract thinking and good communication skills. You should develop the ability to use your knowledge of best practice to address real life risk management issues that you hear about on TV and radio or read about in the media. It is highly recommended that you participate in the MyLO Study Skills discussion board. 7. Assessment Assessment Schedule Assessment Task Date Due Assessable Discussions 1. Introduction: 24 July Weighting 30 % 2. 1a: 31 July 3. 1b: 31 July 4. 1c: 7 August 5. 1d: 7 August 6. 2a: 14 August 7. 2b: 14 August 8. 3a: 21 August 9. 3b: 21 August 10. 3c: 21 August 11. 4a: 28 August 12. 4b: 28 August These dates are set one week after the completion date for the Modules to which they relate, consistent with the scheduling of tutorials in Units with face-to-face teaching arrangements. Research Article Assignment 3.00PM Friday 25 September 30% Capstone Assignment 3.00PM Friday 30 October 40% NOTE: 3.00 PM is Australian Eastern Standard Time. You are NOT permitted to request and receive your Capstone Assignment question UNTIL you have submitted your Research Article Assignment. 11 Task 1: Assessable Discussions - 30% There are twelve Assessable Discussions in this Unit. You must post your discussion contributions to all twelve discussion boards by the due dates. Discussion question details are provided on the Unit CD. • Do not attempt to post to Assessable Discussion boards without first completing the relevant learning modules. The modules will prompt you to complete assessable discussions at the appropriate stages. • Do not wait for your peers to post first, because you will not be able to see other students’ work until you have posted your own. An overview of discussion topics and pre-requisite tasks is: Task Discussion Topic 1 2 3 4 5 6 7 8 9 10 11 12 Risk Management Intro 1a 1b 1c 1d 2a 2b 3a 3b 3c 4a 4b Relevant Module Introduction Module Module 1 Module 2 Module 3 Module 4 Module 5 Module 5.5 Task Length: No set length. Discussions should be concise, but with views supported by examples, and major assertions supported by references and/or rigorous explanation. Due Date: You must post your Assessable Discussions by 3:00pm on the dates set out in the Assessment Schedule. Discussion boards will be automatically locked at 3:01pm on the due dates, and late assessable posts will not be accepted. (See late penalties, below). Assessment Criteria: Your participation in Assessable Discussion will be assessed in accordance with the following criteria: • • • • Clearly addresses all parts of the question Reflects thorough preparation and reflection Well substantiated and persuasive: o Personal views are supported by examples o Major assertions are supported by references and/or rigorous explanation Referencing technique* 12 • Constructive contribution to discussion with peers* (New ideas and/or analysis, as opposed to summary or restatement of others’ work.) * The same referencing rules apply to posts as to any other assessable assignment. In addition, if you refer to the work of your peers (e.g. to express agreement, disagreement or develop the ideas further), you must reference their posts using the following date variation on our standard format: WANG, Xiao, 18 July 3:16pm, Post 3 (1B). Submission Rules: All posts must be made to the correct discussion boards. Posts to incorrect discussion boards will be deemed unsubmitted, and will not be marked. To simplify peer referencing and identification of thread replies, first submission subject titles must show your name and the post number in the following format: WANG, Xiao – Post 3 (1B). When replying to a peer, do not change the RE: subject line. Assessable Discussion post 2 (1A) only may be posted as an attachment in Word or picture format. You may use software or scan a hand drawing. In any case, the submission must be viewable with standard Microsoft Office software and easily printable without reformatting or resizing. All other Assessable Discussions must be posted directly to the discussion board; not as an attachment. Attachments to these threads will not be marked. To avoid losing your work in case MyLO access times out, you can compile your post using Word and then copy and paste your work to the discussion box. To preserve formatting, select the ‘Enable HTML Creator’ box before pasting. However, you may (and are encouraged to) attach supporting documents, such as relevant articles or newspaper clippings, to your Assessable and non-assessable discussion posts. Such attachments will support your assertions and constructive contribution to discussion development. The Unit Coordinator will monitor the Assessable Discussion boards regularly, but will not engage in assessable discussions except to: • Remove any postings that are determined to be harmful to others (e.g., determined to be insulting, disparaging, defamatory, etc) or deemed otherwise unacceptable in view of the University’s Information Technology Facilities Use Guidelines. Students whose post is removed must resubmit in a more appropriate form, and may be subject to penalties as set out in the policy. • Post feedback directly to Assessable Discussion threads, as appropriate, to correct misconceptions and errors and to redirect discussions toward more successful achievement of learning objectives. 13 All students should use this feedback (regardless of which student’s thread it is posted to) to improve grades for subsequent assessable tasks. This means that you should read other students’ posts and stay up to date with discussion board developments. Alphanumeric grades (i.e. PP, DN, etc) will be released via the MyLO Grade Book for Discussions 3, 4 and 5 to provide early personal quantified feedback on the risk assessment skills that are particularly necessary for success in the unit. You should also refer to the qualitative feedback posted to various discussion threads (including other students’), and the assessment criteria (above), to identify means of improving your grades in subsequent assessable tasks. Your final mark for this task will be the sum of marks awarded to a selection of discussions (predetermined by and known only to staff, but the same discussions for all students). A total of 30 possible marks will be awarded. Therefore, if twelve discussions are assessed, for example, each would be worth 2.5 marks, and if five are assessed, each would be worth 6 marks. You should therefore aim to do your best in all discussions. The overall numeric mark will be released as soon after the last discussion deadline as possible, in the Unit Information section of MyLO. Task 2: Research Article Assignment - 30% Research is a very important part of the Risk Management process. The question paper for this activity is provided on MyLO in the Assessment folder. Task Length: 1,000 words Assessment Criteria: Your work will be marked in accordance with the criterionreferenced marking sheet posted to the Assessment folder in MyLO. • • • • Due Date: Clearly addresses the stated question requirements Appropriate evidence of research Referencing technique Prepared and submitted in accordance with requirements in the question and the Unit Outline the 3.00PM Friday 25 September 2009 The Article, in Word format, must be uploaded to the Assignment Submission box on the Unit’s MyLO Home Page by the due date and time. Article Assignments will be marked as quickly as possible after submission. Marks and individual feedback will be provided to you via MyLO email. Task 3: Capstone Assignment - 40% This assignment will bring together the various aspects of risk management in an assignment which will require you to demonstrate an understanding of the risk issues 14 discussed and the preparation of a risk management framework consistent with the Australia and New Zealand Risk Standard. The Capstone Assignment is an examination equivalent. To be eligible to receive the Capstone Assignment question, you MUST submit the Article Assignment. When you believe you have met this eligibility requirement, you must email your Unit Coordinator with a request to receive your Capstone question. The Unit Coordinator will check that your progress records confirm eligibility and then your question will be emailed to you via MyLO email. Task Length: 3,000 words Assessment Criteria: Your work will be marked according to the criterion referenced marking sheet posted in the Assessment folder on MyLO. Due Date: 3.00PM Friday 30 October 2009 The Capstone Assignment, in Word format, must be uploaded to the Assignment Submission box on the Unit’s MyLO Home Page by the due date and time. As you will not be eligible to receive the Capstone question until you have completed all other assessment tasks, you are strongly encouraged to plan and manage your time very carefully. You should act upon time management advice given in this Unit Outline as well as in your own and other sources. You will be advised by the University of your overall results when final results for Semester 1 units are formally released by the University to all students. You will not be entitled to receive information in relation to your Capstone Assignment until that date. As per the Faculty’s policy for reviewing examination papers, Capstone marking and feedback will be provided only upon request. Presentation and Submission of Assignments Assignments are to be presented in accordance with the instructions in this Unit Outline and the assignment question papers, and also with the Guide for Students issued by the Faculty of Business (refer particularly to Appendix A). A web link is provided on the Unit’s MyLO site under Unit Information (scroll to the bottom of the web page). Note that signed cover sheets are not required for electronically submitted assessment items (see below). You must submit assignments, in Word format, to the Assignment Submission box located within the Unit’s MyLO Home Page. Submission to your Turnitin checking facility on your individual MyLO page does not equal receipt for the Unit’s assessment purpose. The Assignment Submission box will only accept one document submission per assignment. This means that any title pages, appendices, etc. can not be submitted separately, but must be incorporated into the main assignment document. 15 The Unit’s Assignment Submission box is facilitated by Turnitin software. By clicking the link to submit your work to the Assignment Submission box, you are deemed to agree that the work submitted is your own except where there is clear acknowledgement or reference to the work of others. This electronic agreement has the same effect as the signed Cover Sheet used for hardcopy assignment submissions. Your attention is particularly drawn to the University’s rules on Plagiarism (see page 19 of this Outline). 8. How Your Final Result is Determined Assessable tasks are: Assessable Discussions, the Article Assignment and the Capstone Assignment. The marks for each of the assessment tasks are added together to determine your final result. You must achieve an overall mark of at least 50% to pass the Unit. Awards are made on the following basis: 80% or more 70 – 79% 60 – 69% 50 – 59% < 50% High Distinction (HD) Distinction (DN) Credit (CR) Pass (PP) Fail (NN) The University’s Assessment Policy can be found at http://www.utas.edu.au/policy/subject.html#assessment 9. Penalties Over-Length Work Word counts are calculated automatically by the MyLO submission box software. The word limits given are the maximum. If you believe you can communicate your message as effectively using fewer words, you may do so. Assignments will be marked only up to the maximum word count. Students should take care not to exceed the word limits for the Article Assignment and Capstone Assignment because it could mean that valuable marks for communication of conclusions or recommendations are not awarded. Word limits are particularly important for this Unit because communication of risk management concepts must be particularly concise in order to: a) Communicate essential information to busy executives and/or bureaucrats who do not have time to read lengthy documents. They will want to decide quickly whether the costs of adopting ideas in your work are in appropriate balance with the potential benefits; and b) Counter resistance from readers whose personal risk profiles are intolerant. Some people do not want to know about risks, so your message must be 16 powerful enough to attract their attention whilst avoiding information overload. The aim in this instance is to encourage the reader to be more receptive to the concepts and process in future. In either case above, if you take too long to make your point, the reader will stop reading. Title pages, in-text references, headings, tables, figures, reference lists and appendices are not included in word counts. Late Submission Because this is a flexible unit, you are able to plan your weekly study schedule to suit your needs. However, all assignments and Assessable Discussion postings must be submitted prior to the stated deadlines. You should aim to avoid penalties that arise due to technical glitches or slow uploads by submitting well before the due time. Assessable Discussion boards will be locked at 3:01pm on the respective due dates. Pre-existing posts will remain viewable, but no further posts will be accepted after locking. Unposted Assessable Discussions will each be awarded 0 marks, which, given the structure of the Assessable Discussion marking system (see above), could significantly impact upon your overall result for this task. Therefore, please ensure you make all posts on time. Assignments will be deemed submitted at the time it is accepted by the MyLO submission box facility. Electronic receipt is automatically date- and time-stamped. This means that late submissions for this Unit will be penalised up until the exact date and time of submission, regardless of whether the submission is made on a week day or weekend. If assignments are not submitted on or before the due times on the due dates, the penalties for late submission are the deduction of 10% of the available mark for each day, or part thereof, that the assignment is late. Note that the deadline time is 3pm on the due date. Submissions on the due date, but after the due time, will be deemed received one day late. 10. Requests for Extensions Consistent with the Faculty’s policy on late submission, extensions of time will only be granted on medical or compassionate grounds. Note that in this context, the term ‘compassionate grounds’ relates to bereavement or similar serious crises and not to lecturer discretion generally. Extensions will not be granted because of work or other commitments. Requests for an extension must be made to the unit coordinator in writing on the School’s Application for Late Submission Form (available on MyLO and at http://www.utas.edu.au/accg/studentres.htm), and must be approved by the Lecturer at least three working days before the due date of the assignment. Original hard copy evidence, such as Medical certificates, must be attached to support the application, along with explanation that justifies the extension sought. 17 The only exception to pre-approved extension will be in cases of genuine unexpected emergency (e.g. sickness preventing submission). In these instances, a written statement explaining the circumstances, together with evidence, such as an original hard-copy medical certificate, must accompany late submission. 11. SETL SETL is the University’s Student Evaluation of Teaching and Learning program. SETL is a system for feedback from students to academic teaching staff to help in the formulation and development of unit organisation and teaching. This program serves as the main systematic way for students to tell the University what they think of units they study and the teaching they receive. Your feedback is important, and constructive suggestions will be carefully considered for possible integration in future semesters. SETL questionnaires will be posted to you towards the end of Semester and you are asked to complete and return them in the reply paid envelope provided. SETL feedback is anonymous, and completed forms will only be made available to your Unit Coordinator after final results are released. For further information about SETL see the University http://student.admin.utas.edu.au/setl/students/index.htm Web site at: 12. Academic Referencing Referencing is a signal that the assertions you make are reliable. All your assessable work must be appropriately referenced in the style described in the Faculty’s Guide For Students: Appendix A. It is important that you understand how to correctly refer to the work of others and maintain academic integrity. Generally, if you are stating someone else’s ideas, or any facts, or opinions formed on the basis of facts, even if they are common knowledge, it is very important to reference because: • It adds authoritative weight to your assertions, making them more reliable to others; • It becomes a good habit which almost eliminates the risk of academic misconduct accusations; and • It is an extremely easy way to get higher marks. Also, • In-text referencing and reference lists are not included when counting word limits. Referencing is extremely important for the risk management process to support that: a) the facts are correct and/or the estimates are correct (enough); and b) readers believe what they’re reading enough to cooperate. Otherwise risk planning is a waste of time, money and effort, and people/business will remain exposed to the risks. That, in turn, exposes businesses to potential liability. 18 Regulations and academic journal references, which are peer reviewed for scientific integrity, are the most credible sources. However, the time frame for getting those resources published can produce an information lag, so it may be appropriate to seek additional information from other relevant sources. When writing Assessable Discussions from your own subjective point of view, and you share the views in another student’s post, you should say so – which is a form of referencing (see the Assessable Discussion instructions, above). How to reference properly The appropriate referencing style for the Unit is explained, with examples, in Appendix A of the Faculty’s Guide for Students. A web link is provided on the Unit’s MyLO site under Unit Information (scroll to the bottom of the web page). Also note that: • If relevant, you may reference your own published/publicly accessible prior work; • You may not submit or reference unpublished workplace material, even if you wrote it; • You may not submit or reference your own unpublished work previously submitted to any educational institution; • Direct quotes must constitute no more than 10% of any assessable item; and • References are randomly checked for authenticity. Incomplete or untraceable references will be deemed unauthentic. A pre-submission reference checking facility has been provided on students’ MyLO main pages. This is the Turnitin program, which highlights matches with electronic sources so that you can review your referencing of external sources prior to formal submission. Note that this pre-check version of software does not cross-match with other students’ work, but the formal submission software does. For further information on presentation of assignments, including referencing styles see: http://www.utas.edu.au/library/assist/gpoa/gpoa.html Failure to appropriately acknowledge the ideas of others constitutes academic dishonesty (plagiarism), a matter considered by the University of Tasmania as a very serious offence (see below). Plagiarism Note that your Unit Coordinator will, consistent with the rules of the University, refer assessable work showing evidence (content or form) of unauthorised collaboration, copying or unacknowledged use of the ideas/data/work of others, to the Head of School with a written allegation of academic misconduct. Please ensure this is not necessary by assigning priority to understanding the rules of referencing and academic integrity. If you are uncertain how to apply referencing rules outlined in the Faculty’s Guide for Students, ask your lecturer, your Postgraduate Academic Advisor, or Student Services staff. Whilst you are encouraged to work together with other students and exchange information in this Unit, the submitted assignments must be your own work: 19 …unless the assignment is clearly designated as a group assignment. Thus, any collaboration or joint discussions must end when you actually begin to write the assignment that you intend to submit as your own work ... [Further,] ...never hand in an assignment which is the same as, or closely similar to, another student’s assignment. When two or more substantially similar assignments are received, the students concerned will be reported to the proper authority and the University’s procedures for academic misconduct will be implemented. Guide for Students (Faculty of Business, 2006, p8). The University has issued the following statement on plagiarism and academic integrity. Plagiarism is a form of cheating. It is taking and using someone else's thoughts, writings or inventions and representing them as your own; for example, using an author's words without putting them in quotation marks and citing the source, using an author's ideas without proper acknowledgment and citation, copying another student's work. If you have any doubts about how to refer to the work of others in your assignments, please consult your lecturer or tutor for relevant referencing guidelines, and the academic integrity resources on the web at http://www.utas.edu.au/plagiarism/. The intentional copying of someone else’s work as one’s own is a serious offence punishable by penalties that may range from a fine or deduction/cancellation of marks and, in the most serious of cases, to exclusion from a unit, a course or the University. Details of penalties that can be imposed are available in the Ordinance of Student Discipline – Part 3 Academic Misconduct, see http://www.utas.edu.au/universitycouncil/legislation/ The University reserves the right to submit assignments to plagiarism detection software, and might then retain a copy of the assignment on its database for the purpose of future plagiarism checking. SOURCE: UTas, 2008, University Statement on Plagiarism and Academic Integrity, http://www.utas.edu.au/plagiarism/, 26/3/09. For further information on this statement and general referencing guidelines, see http://www.utas.edu.au/plagiarism/ Useful resources on academic integrity, including what it is how to maintain it, are also available at: http://www.utas.edu.au/plagiarism/ If you require further clarification you should contact the Postgraduate Academic Advisor, Jan Counsell at [email protected] or your Unit Coordinator. 20 13. Further Information and Assistance If you are experiencing difficulties with your studies or assignments, have personal or life planning issues, disability or illness which may affect your course of study, you are advised to raise these with your lecturer in the first instance. There is a range of University-wide support services available to you including Teaching & Learning, Student Services, and International Services. Please refer to the Current Students homepage at: http://www.utas.edu.au/students/. Further information about services and support for students that is provided by the University may be obtained from the University website: http://services.admin.utas.edu.au/ The Faculty’s Postgraduate Student Academic Advisor, Janet Counsell (Room 320b, 62621939, [email protected]) can help postgraduate students understand study requirements. For administrative issues see your relevant Course Co-ordinator and/or the Faculty’s Postgraduate Course Advisor, Dr Lucy Mills ([email protected]; phone 6226 2009). Should you require assistance in accessing the Library visit their website for more information at http://www.utas.edu.au/library/ School Ombudsperson If you do not feel comfortable approaching your Unit Coordinator, or if you have a discussion with your Unit Coordinator and are not satisfied with the outcome, then you are encouraged to contact one of the Ombudspersons, who also teach in the School of Accounting & Corporate Governance. Mr Peter Collett Room: 502, Faculty of Business Building, Hobart Ph: (+61 3) 6226 2192 email: [email protected] Ms Sue Conway Room D111 Launceston Ph: (+61 3) 6324 3068 email: [email protected] Discussions with the ombudsperson will be kept in the strictest confidence. If you wish to pursue the matter further, they will provide advice as to how this can be done. The University also has formal policies, which can be accessed at: http://www.admin.utas.edu.au/ac_serv/complaints_info.html There area a number of avenues available to students who have not been able to resolve a concern to their satisfaction through informal means. You can obtain information about these processes from: http://www.admin.utas.edu.au/ac_serv/complaints_info.html 21 Students with Disabilities - University and Faculty Equity Plans Goal 1 of the University of Tasmania Equity Plan provides for: “An inclusive teaching and learning environment that values diversity, supports the pursuit of academic excellence and produces high quality education and employment results for all students and staff”. The University’s Equity Plan can be accessed at: http://services.admin.utas.edu.au/equity/Equity_Plan/Text/index.htm The Faculty of Business Equity Plan facilitates the University Plan at an operational level and has developed an ‘Action Plan’. The Action Plan for Goal 1 lays down procedures to ensure that all students, including those with disabilities, have equal access to lecture and course materials. The School of Accounting & Corporate Governance complies with these procedures. 14. Unit Schedule The schedule on the following page sets out the Modules, topics and assessment items that make up this Unit, and provides a structure for successful completion of the Unit. Suggested completion dates for each Module are set out in the third column in regular font. You may work ahead of this schedule, but should not get behind. The assessment completion deadlines in bold font are compulsory. Note that the submission time deadline is 3:00pm on the due dates. The prescribed Module readings and Assessable Discussion tasks for each topic are provided in the course materials on the Unit CD. 22 Topics Completion Dates Introduction to Risk and Corporate Governance Module 17 July 2009 Discussion task 1: Risk Management Introduction 24 July 2009 Module 1: Addressing Risk Discussion task 2: Topic 1a 31 July 2009 Discussion task 3: Topic 1b Module 2: Characterising Risk Discussion task 4: Topic 1c 7 August 2009 Discussion task 5: Topic 1d Module 3: Measuring Risk Discussion task 6: Topic 2a 14 August 2009 Discussion task 7: Topic 2b Module 4: Management of Risk Discussion task 8: Topic 3a 21 August 2009 Discussion task 9: Topic 3b Discussion task 10: Topic 3c Module 5: Bringing it all Together – Module 5.5: Using the ERM Framework Discussion task 11: Topic 4a 28 August 2009 Discussion task 12: Topic 4b Module 6: Financial and Political Risk* Mid-semester Break 31 Aug – 4 Sept Module 7: Risk in Using Technology* 11 September 2009 Module 8: Environmental and Social Risk* 18 September 2009 Research Article Assignment to be submitted by 3.00 PM Module 9: Risk when Managing Human Resources* 25 September 2009 Module 10: The future of Risk and its Management 2 October 2009 Capstone Assignment to be submitted by 3.00 PM 30 October 2009 * You may complete Modules 6, 7, 8 and 9 in a different order if you believe it will help you plan for your Article Assignment more effectively. However, do not skip any Modules, because they might contain information needed for your Capstone Assignment. 23
* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project
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