Read this document to learn essential details about your unit. It will
also help you to get started with your studies.
Risk Management
Semester 2, 2015
Taught by:
Dr Gail Ridley
CRICOS Provider Code: 00586B
BFA522, Risk Management
Contact Details ........................................................................................................................................ 2
Unit Description ...................................................................................................................................... 3
Prior Knowledge &/or Skills OR Pre-Requisite Unit(s) ............................................................................ 3
Enrolment in the Unit ............................................................................................................................. 4
When does the unit commence? ............................................................................................................ 4
University of Tasmania Graduate Quality Statement ............................................................................. 4
Intended Learning Outcomes for BFA522............................................................................................... 5
Learning Expectations and Teaching Strategies/Approach .................................................................... 6
Learning Resources ................................................................................................................................. 8
Student Feedback via eVALUate ........................................................................................................... 11
Details of Teaching Arrangements ........................................................................................................ 11
Assessment ........................................................................................................................................... 13
Submission of Assessment Items .......................................................................................................... 18
Review of Assessment and Results ....................................................................................................... 19
Further Support and Assistance ............................................................................................................ 20
Academic Misconduct and Plagiarism .................................................................................................. 21
Study Schedule ...................................................................................................................................... 22
Contact Details
Unit Coordinator
Dr Gail Ridley
Room Number:
322, Centenary Building East
[email protected]
+61 3 62262313
Consult the News announcements, BFA522 Unit Outline and Q&A selfhelp board on MyLO to identify whether your question has already been
answered. If not, make a post to the Q&A self-help board. If your question
is of a personal nature, please email Dr Ridley.
BFA522, Risk Management
Unit Description
Risk Management of organisations is about minimising adversity and maximising the probability that
business can continue to operate in periods of unavoidable adversity. This unit will provide an
introduction to the principles and processes involved in risk management, and explore issues
relevant to corporate governance and business continuity. Study is framed around concepts set out
in important benchmarks, including Australian/International Standards, regulatory obligations and
lessons highlighted by past incidents and disasters. Specific areas of study include, but are not
limited to, organisations' technology, human resources, environment and emergency management.
The principles introduced in the unit can be applied enterprise wide and in many diverse industries.
Prior Knowledge &/or Skills OR Pre-Requisite Unit(s)
It is important that your expectations of BFA522, and online teaching and learning in particular, are
realistic. Your expectations will be sought and discussed at the start of the Semester.
BFA522 staff members are learning facilitators who will assist you in your learning, for example by
pointing you to learning resources. However, we are not responsible for your learning - you are. An
important attitude you will need to bring to BFA522 to be successful is willingness to take
responsibility for your own learning, progress and performance.
BFA522 assumes basic competence in computer systems and the Microsoft Office applications,
Word and Excel. If this is not the case you will need to acquire or review these skills by the end of
Week 2 using training resources available to you. Resources include Microsoft Online Training,
accessed through a link on the left of the webpage at: http://www.utas.edu.au/service-desk/a-zlisting, and other diverse resources accessed via: http://www.utas.edu.au/service-desk.
Time management, organisational and other self-study skills are critical in an online teaching
environment. For assistance in this area refer to the resources
at: http://www.utas.edu.au/orientation/academic-success/managing-your-time .
This Unit requires use of the Harvard referencing style. Refer to the resources pointed to later in this
You will need an understanding of plagiarism and how to avoid it. Please refer to the statement later
in this document about plagiarism, and to: http://www.utas.edu.au/plagiarism/. During this Unit you
will be asked to complete sub-modules on paraphrasing, referencing and citing.
You will also need Functional competence in speaking, listening, reading and writing English
appropriate for a graduate program.
Library skills
For further assistance refer to the resources at:
You need to be able to access the information on, and use the tools associated with, MyLO. For
assistance refer to: http://www.utas.edu.au/learning-teaching-online/student-support/studentmylo-resources
Advise the Unit Coordinator by the end of Week 2 if you have not acquired the prior knowledge and
or skills listed above.
BFA522, Risk Management
BFA522 has no pre-requisite units. Mutual exclusion applies for BFA722.
Enrolment in the Unit
Unless there are exceptional circumstances, students should not enrol in this unit after the end of
week two of semester, as the Tasmanian School of Business and Economics (TSBE) cannot guarantee
any extra assistance will be provided by the teaching team in respect of work covered in the
period prior to enrolment; and
penalties will not be applied for late submission of any piece or pieces of assessment that were
due during this period.
When does the unit commence?
The unit’s teaching schedule commences in the week beginning 13 July 2015.
University of Tasmania Graduate Quality Statement
The units in your course, including this unit, have been designed to cumulatively develop the
graduate qualities outlined in the University’s Graduate Quality Statement:
Our graduates are equipped and inspired to shape and respond to the opportunities and
challenges of the future as accomplished communicators, highly regarded professionals and
culturally competent citizens in local, national, and global society. Graduates acquire subject and
multidisciplinary knowledge and skills and develop critical and creative literacies and skills of
inquiry. Our graduates recognise and critically evaluate issues of social responsibility, ethical
conduct and sustainability.
BFA522, Risk Management
Intended Learning Outcomes for BFA522
Learning Outcome 1
To demonstrate a knowledge of
risk and approaches to manage
Learning Outcome 2
To identify and explain the risk
types applicable to different
industries and organisations,
and their activities.
Learning Outcome 3
To apply recognised processes
of risk management to specific
organisations and their
activities, including provide
advice, at times in a team
environment, using teamwork or
leadership skills.
Related Assessment Criteria or
Module Level Learning Objectives
Clearly define risks and potential
consequences, including through groupwork
Preparation activities
Group activity, Bonus
Identify, justify and evaluate mitigation,
avoidance and transfer strategies, and
conditions under which risks can be accepted
Preparation activities
Group activity, Bonus
Use risk terminology as defined by the
Preparation activities
Group activity, Bonus
Identify, apply and appropriately document
qualitative and quantitative means of
measuring the probability and potential
impacts of risks
Clearly define categories of risk applicable to
specific organisations, industries and activities
Preparation activities
Group activity, bonus
Identify and report on operational risks
applicable to specific organisations, industries
and activities, including through groupwork
Preparation activities
Group activity, Bonus
Undertake independent searches to identify a
range of operational risks applicable to a
given organisation
Preparation activities
Group activity, Bonus
Conduct independent searches to identify
qualitative and quantitative methods to
measure the probability and potential impact
of specific risks identified for a given
Apply measurement methods selected and
justify the choice using appropriate means
Preparation activities
Group activity, Bonus
Work as a team to construct risk management
records consistent with the procedures and
style indicated in the standards and guidelines
Preparation activities
Group activity, Bonus
Clearly and concisely communicate risk issues
and make justified recommendations for
proposed treatments.
Preparation activities
Group activity, Bonus
Preparation activities
Group activity
Preparation activities
Group activity, Bonus
Successful completion of this unit supports your development of course learning
outcomes, which describe what a graduate of a course knows, understands and is
able to do. Course learning outcomes are available from the Course Coordinator.
Course learning outcomes are developed with reference to national discipline
standards, Australian Qualifications Framework (AQF), any professional
accreditation requirements and the University of Tasmania’s Graduate Quality
BFA522, Risk Management
Learning Expectations and Teaching Strategies/Approach
The University is committed to a high standard 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 students have as they pursue their studies within the
special environment the University offers. The University’s Code of Conduct for Teaching and
Learning states:
Students are expected to participate actively and positively in the teaching/learning
environment. They must attend classes when and as required, strive to maintain steady
progress within the subject or unit framework, comply with workload expectations, and
submit required work on time.
Note that some online activities will be untaken in conjunction with students enrolled in the
different but related unit, BFA310. This arrangement will offer synergies to benefit both student
cohorts. Advantages include opportunities to learn with others who have different levels of
experience with risk, and to practise and/or observe leadership and other workplace skills. As
managing risk in the workplace often necessitates working with others to enhance their risk
awareness and understanding, these experiences are directly relevant for BFA522 students.
These are some of the expectations we have of you as a student enrolled in this unit:
Emails to the BFA522 Unit Coordinator will be checked once each work day. Additional information
relating to sending emails to staff and receiving replies is outlined elsewhere in this document.
Where an email seeks information that has already been made available, or if you have a query of a
general nature, you will be asked to make a post to the combined BFA310-BFA522 Q&A/Self help
board on MyLO instead, where all students will have access to a response. While this Q&A/Self help
board will be monitored once each work day by the Unit Coordinator, all students are invited to
respond to a query that appears there.
Some of you may work in an environment where a sophisticated risk management culture exists,
such as in the financial services or health industries. The emphasis of this Unit is to develop your
understanding of risk management processes for application in any environment. This
understanding is more readily acquired in contexts that have a less sophisticated risk management
culture. Therefore, BFA522 assessment will focus on small organisations, rather than on large
organisations in health or other industries where highly refined risk management processes are
already in place. However the knowledge and skills you learn will be transferable to large, highly riskaverse industries and organisations. This approach to settings used for BFA522 assessment is also
more equitable given the diverse BFA522 student cohort.
It is expected that students will submit assessment for the Unit by the specified dates and times,
unless alternative arrangements have been approved. It is further expected that assessments will be
submitted in the stipulated format.
Completing the readings and online activities associated with the relevant modules is essential to
progress in this Unit. As an example, the major assessment for this Unit draws upon prior readings
and online activities, and cannot be answered from your general knowledge. In particular the risk
assessment methods presented in the first five modules will be applied during the remainder of the
Unit. It is not realistic to expect to complete the major assessment successfully without being very
familiar with, and apply, the methods and content from the first five modules.
BFA522, Risk Management
Outcomes sought from the Unit are defined more broadly than success in the assessments.
Outcomes include the attainment of generic graduate attributes through your engagement and
contribution. In addition to the development of content-related skills, you will also be challenged to
develop or enhance generic graduate skills sought by employers.
On-line interaction provides opportunity to deepen your understanding of the concepts covered in
the Unit. Completion of online activities, engaging with your classmates and preparing for these
activities parallel the requirements for face-to-face students who prepare for and attend tutorials,
and engage in learning activities while there.
In order to pass the unit you must achieve an overall mark of at least 50%, and complete all
assessment components.
In order to meet these expectations, you will need to take responsibility for your own motivation,
participation and progress.
A substantial amount of self-study is required for this unit. The expectation is that you will spend
ten hours each week on BFA522 during the semester, including doing the readings and participating
in online activities. You will not be able to make an effective contribution to the online activities, and
progress in the Unit, unless this self-study is undertaken on an ongoing, weekly basis. In previous
deliveries of BFA522, students who attempted to leave the assessment preparation and study until
the last weeks of Semester were not successful.
Note that latter parts of the Unit develop themes from, and require an understanding of methods
from, the previous modules. Therefore access to a module requires completion of the previous
module. The modules and the assessment are sequential, and are designed to be undertaken in the
order presented.
Your work is flexible in that you are free to manage your weekly study timetable as you choose. But
as submission deadlines apply to assessable items, you will need to plan your time to meet the
submission deadlines for assessable tasks. To help you achieve this, target completion dates are
provided in the Unit Schedule on the last page of this Unit Outline.
With the exception of the Standards (described below in the Text section), all the unit materials and
tasks are provided to you within MyLO, or you will be pointed towards other online resources.
You are required to work your way through all the documents, activities and links within each of the
modules in turn. Do not skip any modules or attempt to complete modules out of order because the
materials are cumulative - that is, each one contributes to knowledge you will need to succeed in
the next.
Although there may be minor differences, each module will generally involve:
a) An introductory presentation and slide handouts. The presentation will describe the objectives
of the module, introduce the relevant concepts and provide guidance on how to proceed
through the other materials and tasks. You should use the slide handouts as a framework for
your notes, and fill out the notes further as you proceed through the remaining tasks for each
b) Reading parts of the Standards and/or materials provided, or pointed to, on MyLO;
c) Reflecting on the concepts and issues you have encountered (independent note taking, MyLO
discussions, etc);
d) Interacting with other students;
e) Completing other activities shown in the Module folder; and
BFA522, Risk Management
Independently exploring issues arising from the topic to consolidate learning, or that you feel
might be useful for your assessable work.
Work, Health and Safety (WH&S)
The University is committed to providing a safe and secure teaching and learning environment. In
addition to specific requirements of this unit, you should refer to the University’s policy at:
Learning Resources
Prescribed Text/Software
A prescribed text is a resource that you must have access to for the purposes of studying this unit.
There is no prescribed textbook for this Unit. However, you are required to read the following
standards and handbooks, which together meet the objectives of a best-practice text for the
purposes of this Unit:
1. AS/NZS 5050:2010 Business Continuity - Managing disruption-related risk
2. AS/NZS ISO 31000:2009 Risk Management - Principles and guidelines
3. SA/SNZ HB 436:2013 Risk management guidelines—Companion to AS/NZS ISO 31000:2009
4. SA/SNZ HB 89:2013 - Risk management - Guidelines on risk assessment techniques
The standard and handbooks listed above set out the approach and methods that will be followed in
BFA522. Within some of the modules we will also refer to other more specialised standards.
You may purchase printed copies of these documents from Standards Australia, or you have online
access to them through the UTAS library. You may prefer to print them yourself.
To purchase, visit: http://www.standards.org.au/DevelopingStandards/BuyingaStandard.aspx, from
where you will also find background information about Standards and their development.
To access the documents online
Access the Standards Australia database via the UTAS library:
1. At http://www.utas.edu.au/library, click `Databases' (you may be prompted to enter your
UTAS username and password to access the documents).
2. Click the link to 'S' and scroll down to Standards Online Premium.
3. Then search for each document by entering “31000”, “436” and so on, one at a time. Search
the results to find the precise document you need.
4. Click "view document", which will give you the choice of whether to view online, save or
While the standards may be saved or printed they are subject to copyright law. Once saved, the
documents will expire after several days. Although it is possible for you to print a copy of the
standards only for the purpose of undertaking your study in BFA522, it is not permitted to reproduce
or distribute the standards in any way for any other purpose. It is not possible for a BFA522 staff
member or fellow student to send you an electronic or printed copy of any of the standards for the
same reason.
BFA522, Risk Management
The licence permits only two viewers at any one time. It is possible that other users at the University
of Tasmania may be viewing one of the documents when you try to access it. If so, please access it at
a later time.
Recommended Texts/Software
A recommended text is a resource that you can use to broaden your understanding of the topics covered in this unit. You
may also find a recommended text helpful when conducting research for assignments.
You will be referred to other resources associated with the modules.
My Learning Online (MyLO)
Access to the MyLO online learning environment unit is required for this unit. While BFA522 has its
own MyLO website, this unit will also share an additional MyLO site with BFA310 for some common
activities. As explained earlier, this arrangement offers synergies for the students in both units.
To log into MyLO go to: http://www.utas.edu.au/mylo. To access this unit’s MyLO site, select
“BFA522”. The shared MyLO site is named “BFA310 BFA522 Risk Management Activities”.
For help using MyLO go to http://www.utas.edu.au/mylo.
Technical requirements for MyLO
MyLO can be accessed via Library computers and in computer labs on campus.
See: http://www.utas.edu.au/it/computing-distributed-systems/computer-labs-facilities-andlocations
For further technical information and help, contact the UTAS Service Desk on 6226 1818 or
at http://www.utas.edu.au/service-desk during business hours.
Learning to use MyLO
When you log into MyLO, you will see a unit called Getting Started with MyLO. Enter this unit to
learn more about MyLO, and to practise using its features.
MyLO Expectations
Students are expected to maintain the highest standards of conduct across all modes of
communication, either with staff or with other students. Penalties may be imposed if the Unit
Coordinator believes that, in any instance or mode of communication, your language or
content is inappropriate or offensive. MyLO is a public forum. Due levels of respect,
professionalism and high ethical standards are expected of students at all times.
Submission of assessment tasks via MyLO presumes that students have read, understood and
abide by the requirements relating to academic conduct, and in particular, those requirements
relating to plagiarism. All work submitted electronically is presumed to be “signed-off” by the
student submitting as their own work. Any breach of this requirement will lead to student
misconduct processes.
BFA522, Risk Management
MyLO is an Internet service for teaching and learning provided by the University. It is
expected that you check your units in MyLO for updates at least once a day.
Using MyLO for BFA522
IMPORTANT!: Before you are provided with access to your unit’s MyLO resources, you must
complete the Student Agreement form. To do this:
1. Access the unit’s MyLO site.
2. Locate the Begin Here folder and click on it to open it. You can find the Begin Here folder by
scrolling down until you see Content Browser OR by clicking on the Content button.
3. Once you have opened the Begin Here folder, click on the Student Agreement file.
4. Read the terms, then check the I agree box. You should now be able to access all available
unit content on MyLO. You only need to do this once in each MyLO unit.
Other important resources on MyLO
Students are expected to regularly check on MyLO for any updates in relation to the unit. Essentially,
MyLO has been incorporated into the delivery of this unit to enhance students’ learning experience,
by providing access to up-to-date course materials, and allowing for online discussion. In addition to
the lecture slides which are uploaded on MyLO on a weekly basis, other unit-related materials such
as supplementary readings and assessment guides can also be accessed on MyLO. Further, students
are also expected to engage in an active discussion about issues related to the unit through the
discussion forums or chat rooms that are available on MyLO: this is particularly helpful for distance
students who may utilise the facilities available on MyLO to contact their fellow distance students
and form groups to complete any group assessment tasks for this unit. In this regard, MyLO should
be treated as the unit's critical platform for learning and communication.
BFA522, Risk Management
Student Feedback via eVALUate
At the conclusion of each unit, students will be asked to provide online responses to a number of
matters relating to the learning and teaching within that unit. All students are asked to respond
honestly to these questions, as all information received is used to enhance the delivery of future
Changes to this Unit Based on Previous Student Feedback
Some students in 2014 requested smaller online groups which for that delivery had up to 12
members. Fewer students will be allocated to each small group in 2015.
Details of Teaching Arrangements
Distance Mode
BFA522, Risk Management, is a resource-dependent, web-dependent flexible Unit. This means that
no face-to-face classes or meetings are scheduled for this Unit, and you will need reliable, regular
use of a computer and an internet connection to access materials and to interact with your
classmates and Unit Coordinator.
All interaction is online. You MUST maintain regular contact. The Unit Coordinator takes the role of
learning facilitator, and will monitor MyLO closely throughout semester, but you are responsible for
ensuring you participate and meet the requirements set out in this Unit Outline.
Your work is flexible in that you are free to manage your daily study timetable as you choose within
the arrangements specified for this Unit. However, you will need to plan your time to meet the
submission deadlines set out later in this document, which include regular contributions from
Week 1 and other assessment submissions. See the Unit Schedule on the last page of this Unit
Working through the information resources (and completing the required readings) is the equivalent
of preparing for, and attending, a weekly double lecture, as is usual in a face-to-face unit. It is
anticipated that this work will take you around 4 hours of your weekly 10-hour time commitment to
this Unit, assuming you have the appropriate English language skills.
Working through the online activities, making posts associated with them, interacting with other
students relating to those activities, and preparing for that work, is the equivalent of attending a
one-hour tutorial each week in a face-to-face delivery mode, and preparing for those tutorials. It is
anticipated that this work will take you around 2 hours of your weekly 10-hour time commitment to
this Unit, assuming you have the appropriate English language skills.
Online audio-conferences will be held at key points, including near the start of the Semester, to
introduce the Unit, and also later to discuss assessment items. The number of these audioconferences, as well as their days and times, will be decided jointly by students. These conferences
will be recorded.
Online Activities (Online details)
Apart from the six hours you will need to spend each week for BFA522 in preparing and undertaking
the equivalent of lectures and tutorials, an additional four-hours a week will be needed to be
BFA522, Risk Management
successful at this Unit. That additional time will be needed for reviewing BFA522 material after your
first exposure to it, undertaking wider independent searches and reading, taking part in audioconferences with your classmates, interacting with other students online, completing assessable
work and other activities.
Many of your activities for BFA522 will undertaken in online groups. On-line activities provide you
an opportunity for deep, meaningful and reflective consideration of issues, through shared learning.
Online activities parallel the style of learning that is likely to take place in the workplace, where
employees learn incrementally, with and from each other. Online activities are also designed to
develop your generic skills for the workplace. Moreover, working in online groups and developing a
sense of community enables sharing of expertise from the work experiences and past training of
your classmates, and counters isolation.
Communication, Consultation and Appointments
Check the MyLO News tool at least every day. The unit News will appear when you first enter our
unit’s MyLO site. Alternatively, click on the News button (towards the top of the MyLO screen) at
any time.
Other students may have the same question that you have. Please go to the combined BFA310
BFA522 Q&A Forum on the combined MyLO site. Check the posts that are already there – someone
may have answered your question already. Otherwise, add your question as a new topic. Students
are encouraged to support each other using this forum – if you can answer someone’s question,
please do. We will attempt to respond to questions within 48 business hours. If your question is
related to a personal issue or your performance in the unit, please contact the appropriate teaching
staff member by email instead.
If you have a personal question related to your studies or your grades, please contact teaching staff
by email.
For general questions about the unit, please add them to the Q&A/Self help forum on the combined
MyLO site. This way, other students can also benefit from the answers.
You are expected to check your UTAS email (WebMail) on a regular basis – at least three times per
week. To access your WebMail account, login using your UTAS username and password
at https://webmail.utas.edu.au/.
You are strongly advised not to forward your UTAS emails to an external email service (such as gmail
or Hotmail). In the past, there have been significant issues where this has occurred, resulting in UTAS
being blacklisted by these email providers for a period of up to one month. To keep informed, please
use your UTAS email as often as possible.
We receive a lot of emails. Be realistic about how long it might take for us to respond. Allow at least
TWO (2) business days to reply. Staff are not required to respond to emails where students do not
BFA522, Risk Management
directly identify themselves, are threatening or offensive, or that come from external (non-UTAS)
email accounts.
When you write an email, you must include the following information. This helps teaching staff to
determine who you are and which unit you refer to.
Family name;
Given name (as on your enrolment);
Preferred name;
Student ID;
Unit code (i.e. BFA522)
If your question is about an assessment task, please include the assessment task
number or name.
How Your Final Result Is Determined
In order to pass this unit you must achieve an overall mark of at least 50% of the total available
marks. Details of each assessment item are outlined below.
Assessment Schedule
Assessment Items
Due Date
Link to Learning
1: 10 online module
preparation activities
Most weeks
throughout Semester
from Week 2; see unit
total of 10%
Learning Outcome 1
Learning Outcome 2
Learning Outcome 3
2: Demonstrated
leadership of other
students in online
activities and nonexam assessments
Most weeks through
the Semester from
Week 3
Bonus marks of up to
Learning Outcome 3
2: Group activity added See the study schedule
to over several
modules, supporting
completion of
capstone assignment
Learning Outcome 1
Learning Outcome 2
Learning Outcome 3
3: Capstone
Learning Outcome 1
Learning Outcome 2
Learning Outcome 3
2pm, Friday
October 16, 2014
There is a compulsory hurdle requirement that is specific to this Unit, in addition to the
assessments shown above. It is submission of the Mutual Expectations Survey by 9am on Monday
20 July.
BFA522, Risk Management
NOTE: All submission times stated refer to Australian Eastern Standard Time or daylight saving time
current at any due date.
Assessment Item 1 10 module preparation submissions
Task Description:
All BFA552 students will submit ten assessable module preparation activities
during the Semester for Assessment Item 1. These online preparation
submissions are to be completed by each student within a set period
following a schedule that appears below. Each will have a start and finish
date and time. It will not be possible to submit before after the closing date
and time, or to “make up” for a missed submission, apart from in exceptional
circumstances supported by independent documentation, with agreement
from the Unit Coordinator.
The online submissions are designed to assist you to keep current with this
Unit, and to prepare you for the relevant module. They should be viewed as
being similar to preparation submitted for a face-to-face tutorial. To provide
feedback to assist you in your learning during the Semester, two exemplary
posts will be selected from BFA522 students (or BFA310 students where
relevant) after each online submission for Assessment 1 is due. You will be
able to review the appropriateness and quality of your own submission by
comparison against the exemplary submission/s.
The decision of BFA522 staff members regarding the mark allocated for
online preparation submissions will be final. These submissions will be made
to the software TurnItIn, and will be examined for originality.
Task Length
May vary, but usually around one-page.
Assessment Criteria:
Submissions of the assessable online preparation will be disregarded where
they do not meet the following requirements by being:
a) submitted or posted to an inappropriate place
b) not written in full by the student who submits them (with
appropriate use of paraphrasing, citations and references where
c) not submitted
d) emailed to a staff member, or
e) submitted after the due date.
Each submission will also need to meet minimum assessment criteria that
will be stated when each task is released. Details of the ten preparation
tasks will be provided separately. While a marking rubric will not be provided
for these activities, the marking is explained below.
The decision of BFA522 staff members regarding whether submissions meet
these criteria will be final.
At least two of the ten online preparation tasks will be marked at random
during the Semester using the following criteria:
0 marks > Does not meet all the minimum requirements stated
0.5 marks > Satisfies all the minimum requirements stated and is of an
BFA522, Risk Management
acceptable quality, but with some flaws
1 mark > Satisfies all the minimum requirements stated and is of excellent
quality,e.g. goes further in a way that is relevant.
You will not know which of your ten individual posts, or how many, will be
marked until the end of the Semester.
As an example, assuming two online submissions are marked as random, but
you have not made one of those submissions, your maximum possible
individual mark for the ten activities will be 50% of the total for Asessment 1.
Where you have not made a response for your second online activity chosen
at random, you will gain 0% for Assessment 1, even though you may have
submitted responses for the eight other activities that were not selected at
random to be marked. The total marks for each student for Assessment 1
will be calculated out of 10%.
The exemplary posts selected for illustration purposes will provide you with
feedback for each activity.
The approaches you learn or review from the submodules about how to
paraphrase, cite and reference are expected to be implemented for
Assessment Item 1.
Link to Unit’s
Learning Outcomes:
Learning Outcome 1
Learning Outcome 2
Learning Outcome 3
Due Date:
For most weeks throughout Semester from Week 2; see unit schedule
Total of 10%
Assessment Item 2 Demonstrated leadership of students in online activities and nonexam assessment
Task Description:
BFA522 students will be given opportunity to nominate, and be considered,
for leadership responsibilities for relevant combined BFA310 and BFA522 (or
BFA522) online activities, including application to the capstone assignment.
Those students who demonstrate, apply and model their leadership skills to
benefit other students, consistent with guidelines that will be provided, will
gain up to a maximum of six bonus marks for their additional effort.
The decision of BFA522 staff will be final in the allocation of the bonus marks
and in the selection of the leaders from those who nominate.
Task Length
Task will not be assessed by word length
Assessment Criteria:
Potential leaders will be required to nominate and be evaluated prior to
appointment to this role. The requirements and expectations will be
provided in a separate document. Leaders may be asked to relinquish the
role where necessary.
BFA522, Risk Management
Link to Unit’s
Learning Outcomes:
Learning Outcome 3
Assessment Item 3 Ongoing group activity added to over several modules, supporting
completion of capstone assignment
Task Description:
All BFA552 students will be allocated to a small online group, in which they
will undertake Assessment Item 3.
Assessment Item 3 will evaluate, in a small online group over several
modules, the application of risk knowledge. This assessment will support
completion of the future capstone assignment. Assessment 3 will evaluate
group function and implementation of core risk methods, knowledge and
other criteria that build towards the Capstone Assignment.
Note that while the knowledge and skills developed in Assessment 3 are
directly transferable to the Capstone Assignment, Assessment 3 will provide
opportunity to undertake risk assessment in a different context. As the Unit
aims to prepare you to carry out risk management in any context, the
assessment is designed to give you experience in more than just one context.
Preparation for Assessment 3 will be undertaken in capstone assignment
groups. The mark you receive for Assessment Item 3 will incorporate both a
group mark component, and an individual mark. Note that other group
members will be asked evaluate your contribution.
Task Length
2000 words
Assessment Criteria:
The assessment criteria for Assessment Item 3 will be set out in a separate
document. Your work will be marked in accordance with a criterionreferenced marking sheet that will be made available in that document.
Submission will be to the relevant drop box folder on the BFA 522 MyLO site
in Word or pdf format only. Submissions made in other formats will not be
marked. Assessment Item 3 submissions will be analysed using the plagiarism
detection software, TurnItIn, before being marked.
The word length specified with the assessment criteria must be adhered to.
Before marking, submissions will be examined for their word length. A
penalty of 10% will be applied to all overlength submissions, and the
overlength portion may not be marked.
All parts of the assignment are included in the word length, including title
page, references and appendices.
The approaches you learn or review from the submodules about how to
plagiarise, cite and reference will be used in Assessment Item 3.
Link to Unit’s
Learning Outcomes:
Learning Outcome 1
Learning Outcome 2
Learning Outcome 3
Due Date:
See the study schedule
Total of 30%
BFA522, Risk Management
Assessment Item 3 - Capstone assignment
Task Description:
This assignment will be undertaken in small groups. It will bring together risk
management issues in a report that will require you to demonstrate an
understanding of the risk issues discussed, and the preparation of a risk
management framework using methods consistent with the standards and
presented in BFA522. That is, you will be required to undertake a recognised
form of risk assessment for a specified context.
The capstone assignment will assess both an individual component
undertaken by each group member, as well as the collective quality of the
total output. Note that other group members will be asked to evaluate your
This form of assessment has been chosen deliberately to replicate the nature
of risk management as undertaken in industry, while still enabling individual
student effort and attainment to be evaluated.
The Capstone Assignment is an examination equivalent. Full details will be
provided in a separate document made available in mid-September. The
capstone assignment brings together risk management issues, some of which
will not have been considered in the Unit before that date. Note that
Assessment Item 3 has been designed to prepare students to complete the
Capstone Assignment.
You will be advised by the University of your overall result for BFA522 when
final results for the Semester are formally released by the University to all
students. You will not receive information about your Capstone Assignment
result until that date. Consistent with the Tasmanian School of Business and
Economics' policy for reviewing examination papers, the Capstone
Assignment marking and feedback will be available upon request.
Task Length
3000 words
Assessment Criteria:
Your work will be marked in accordance with a criterion-referenced marking
sheet that will be made available on MyLO at the time that details of
Assessment Task 3 are released.
Your group's Capstone Assignment must be uploaded by one group member
only to the Capstone Assignment Submission dropbox folder on the Unit's
MyLO Assessment Folder by the due date and time. Note that all capstone
assignments, including the individual and collective components for each
group, will be evaluated by plagiarism detection software, TurnItIn, before
marking begins. Submissions made in formats other than Word or pdf will
not be marked.
The word length specified with the assessment criteria must be adhered to.
Before marking submissions will be examined for their word length. A
penalty of 10% will be applied to all overlength submissions, and the
overlength portion may not be marked.
All parts of the assignment are included in the word length, including title
pages, reference lists and appendices.
Team members will be required to document all major interactions
BFA522, Risk Management
conducted when preparing the common components of the assignment, the
planned work contribution and the work completed by each member.
The approaches you learn from the submodules about how to cite and
reference will be used in Assessment Item 3.
Link to Unit’s
Learning Outcomes:
Learning Outcome 1
Learning Outcome 2
Learning Outcome 3
Due Date:
2pm, Friday October 16th, 2015
Submission of Assessment Items
Lodging Assessment Items
Assignments must be submitted electronically through the relevant assignment drop box in MyLO.
Students must ensure that their name, student ID, unit code and assessment group (if applicable)
are clearly marked on the first page. If this information is missing, the assignment will not be
accepted and, therefore, will not be marked.
Please remember that you are responsible for lodging your assessment items on or before the due
date and time. We suggest you keep a copy. Even in ‘perfect’ systems, items sometimes go astray.
Late Assessment and Extension Policy
In this Policy:
(a) ‘day’ or ‘days’ includes all calendar days, including weekends and public holidays;
(b) ‘late’ means after the due date and time; and
(c) ‘assessment items’ includes all internal non-examination based forms of assessment
This Policy applies to all students enrolled in TSBE Units at whatever Campus or geographical
Students are expected to submit assessment items on or before the due date and time specified
in the relevant Unit Outline. The onus is on the student to prove the date and time of
Students who have a medical condition or special circumstances may apply for an extension.
Requests for extensions should, where possible, be made in writing to the Unit Coordinator on
or before the due date. Students will need to provide independent supporting documentation
to substantiate their claims.
Late submission of assessment items will incur a penalty of 10% of the total marks possible for
that piece of assessment for each day the assessment item is late unless an extension had been
granted on or before the relevant due date.
Assessment items submitted more than five (5) days late will not be accepted.
Academic staff do NOT have the discretion to waive a late penalty, subject to clause 4 above.
BFA522, Risk Management
Academic Referencing and Style Guide
Before starting their assignments, students are advised to familiarise themselves with the following
electronic resources.
The first is the Harvard Referencing System Style Guide, which can be accessed from the UTAS
library: http://utas.libguides.com/content.php?pid=27520&sid=199808. The Harvard style is the
appropriate referencing style for this unit and the guide provides information on presentation of
assignments, including referencing styles. In your written work you will need to support your ideas
by referring to scholarly literature, works of art and/or inventions. It is important that you
understand how to correctly refer to the work of others and maintain academic integrity.
Failure to appropriately acknowledge the ideas of others constitutes academic dishonesty
(plagiarism), a matter considered by the University of Tasmania as a serious offence.
The second is the Tasmanian School of Business and Economics’ Writing Assignments: A Guide,
which can be accessed at: http://www.utas.edu.au/business-and-economics/student-resources .
This guide provides students with useful information about the structure and style of assignments in
the TSBE.
Review of Assessment and Results
Review of Internal Assessment
It is expected that students will adhere to the following policy for a review of any piece of
continuous/internal assessment. The term continuous/internal assessment includes any assessment
task undertaken across the teaching phase of any unit (such as an assignment, a tutorial
presentation, and online discussion, and the like), as well as any capstone assignment or take-home
Within five (5) days of release of the assessment result a student may request a meeting with the
assessor for the purpose of an informal review of the result (in accordance with Academic
Assessment Rule No. 2 Clause 22 – www.utas.edu.au/academic-governance/academicsenate/academic-senate-rules . During the meeting, the student should be prepared to discuss
specifically the marks for the section(s) of the marking criteria they are disputing and why they
consider their mark(s) is/are incorrect. The assessor will provide a response to the request for
review within five (5) days of the meeting.
If the student is dissatisfied with the response they may request a formal review of internal
assessment by the Head of School, with the request being lodged within five (5) days of the informal
review being completed. A Review of Internal Assessment Form is available at the following
link: http://www.utas.edu.au/business-and-economics/student-resources/forms. The form must be
submitted to the TSBE Office.
Review of Final Exam/Result
In units with an invigilated exam students may request a review of their final exam result. You may
request to see your exam script after results have been released by completing the Access to Exam
Script Form, which is available from the TSBE Office, or at the following link –
http://www.utas.edu.au/business-and-economics/student-resources/forms. Your unit coordinator
BFA522, Risk Management
will then contact you by email within five (5) working days of receipt of this form to go through your
exam script.
Should you require a review of your final result a formal request must be made only after
completing the review of exam script process list above. To comply with UTAS policy, this request
must be made within ten (10) days from the release of the final results (in accordance with
Academic Assessment Rule No. 2 Clause 22 – www.utas.edu.au/academic-governance/academicsenate/academic-senate-rules . You will need to complete an Application for Review of Assessment
Form, which can be accessed from http://www.utas.edu.au/exams/exam-and-results-forms. Note
that if you have passed the unit you will be required to pay $50 for this review.
The TSBE reserves the right to refuse a student request to review final examination scripts should
this process not be followed.
Further Support and Assistance
If you are experiencing difficulties with your studies or assessment items, have personal or lifeplanning issues, disability or illness that may affect your study, then you are advised to raise these
with your lecturer or tutor in the first instance.
If you do not feel comfortable contacting one of these people, or you have had discussions with
them and are not satisfied, then you are encouraged to contact:
Name: Dr Rob Hecker
Room: 307, Centenary Building, Sandy Bay
Email: [email protected]
There is also a range of University-wide support services available to students, including Student
Centre Administration, Careers and Employment, Disability Services, International and Migrant
Support, and Student Learning and Academic Support. Please refer to the Current Students website
(available from www.utas.edu.au/students) for further information.
If you wish to pursue any matters further then a Student Advocate may be able to assist.
Information about the advocates can be accessed from www.utas.edu.au/governance-legal/studentcomplaints. The University also has formal policies, and you can find out details about those from
that link.
BFA522, Risk Management
Academic Misconduct and Plagiarism
Academic misconduct includes cheating, plagiarism, allowing another student to copy work for an
assignment or an examination, and any other conduct by which a student:
(a) seeks to gain, for themselves or for any other person, any academic advantage or advancement
to which they or that other person are not entitled; or
(b) improperly disadvantages any other student.
Students engaging in any form of academic misconduct may be dealt with under the Ordinance of
Student Discipline. This can include imposition of penalties that range from a deduction/cancellation
of marks to exclusion from a unit 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/university-council/university-governance/ordinances.
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; or
copying another student’s work.
It also means using one’s own work from previously submitted assessment items if repeating a unit.
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/academic-integrity/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.
The University and any persons authorised by the University may submit your assessable works to
a plagiarism checking service, to obtain a report on possible instances of plagiarism. Assessable
works may also be included in a reference database. It is a condition of this arrangement that the
original author’s permission is required before a work within the database can be viewed.
For further information on this statement and general referencing guidelines,
see www.utas.edu.au/plagiarism/ or follow the link under ‘Policy, Procedures and Feedback’ on the
Current Students homepage.
BFA522, Risk Management
Study Schedule
Start of Week
Topic/s and activities
Text Chapter/s
Monday 13 July
Methods Module 1:
Introduction to BFA522
Risk Management
Risk and corporate governance
See module notes
Monday 20 July
Methods Module 2:
Business continuity and
See module notes
Monday 27 July
Methods Module 3:
Characterising risk
See module notes
Monday 3 August
Methods Module 4:
Measuring risk
See module notes
Monday 10 August
Methods Module 5:
Managing risk – an ERM
See module notes
Monday 17 August
Risk Specialisation Module 1:
Technology & information
See module notes
Monday 24 August
Risk Specialisation Module 2:
Human resources
See module notes
Mid-Semester Break: 31 August – 4 September inclusive
Due Dates
Both TSBE student
agreement, and
Mutual Expectations
Survey hurdle
Monday 20 July
2015, 9am
Students will not be
able to access the
modules until both
have been submitted.
Assessment item 1,
Preparation for
9am Monday 20 July
Assessment item 1,
Preparation for
Module 3), by 9am
Monday 27 July 2015
Leadership bonus
marks considered
from Week 3.
Assessment item 1,
Preparation for
Module 4),
9am Monday 3
August 2015
Assessment item 1,
Preparation for
Module 5),
9am Monday 10
August 2015
Assessment item 1,
Preparation for
Module 6),
9am Monday 17
August 2015
Assessment item 1,
Preparation for
Module 7,
Monday 24 August
BFA522, Risk Management
Monday 7 September
Risk Specialisation Module 3:
Financial & political
See module notes
Monday 14 September Risk Specialisation Module 4:
Environmental & social
See module notes
Monday 21 September Risk Specialisation Module 5:
Disaster & emergency
Monday 28 September Integrative Risk Perspective:
Adaptive resilience
See module notes
Monday 5 October
Review module
See module notes
Monday 12 October
Independent and small group
See module notes
Examination Period: 24 October – 10 November 2015
Working towards
Assessment 3
Assessment item 1,
Preparation for
Module 8,
Monday 7
September 2015
Working towards
Assessment 3
Assessment item 1,
Preparation for
Module 9,
by 9am Monday 14
September 2015
Assessment item 3
due, by 9am Monday
21 September 2015
Assessment item 1,
Preparation for
Module 11,
by 9am Monday 28
September 2015
No assessment due,
but working on
Capstone assignment
Capstone assignment
due, 2pm Friday 16
October, 2015
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