SYLLABUS

Ass. Petya Biolcheva, PhD

1. Nature of risk.
2. Aspects and classification of risk: main aspects, objectives of classification, , classification in terms of operations of a corporation, sources of risk, possible consequences, etc.
3. Major risks for corporation. Exposure to risk, risk spectrum, risk profile, risk field of corporation.
4. Risk management (RM) in business organization – classic approach. Object, aspects, objectives and tasks, functions, process of RM.
5. Corporate risk management (CRM) – a new paradigm of risk management. Nature, objectives, scope, components, regulation of CRM.
6. Design and implementation of framework for CRM.
7. Development of a program for integrated (corporation – wide) risk management.
8. Diagnostics of risks for corporation. Nature, tasks and types of diagnostics. Tools for diagnosing the risk. Risk mapping.
9. Analysis and assessing of risk – objectives, methods.
10. Risk treatment (Responses to risk). Techniques for risk acceptance, risk avoidance, risk sharing and risk reduction.
11. Organizing the implementation of the program for integrated (corporation – wide) risk management.
12. Monitoring of the program for integrated (corporation – wide) risk management.
13. Key lessons from the integrated risk management in big companies.
14. Risk in investment in real assets and securities.
15. Sensitivity analysis for risk description.
16. Measurement of risk by statistical indicators: mean quantity (expected return) and standard deviation.
17. Describing the risk by simulation (method Monte Carlo).
18. Method of break-even point for risk description.
19. Describing the risk by decision tree method.
20. Specific responses to risk in investment.
21. Risk management in corporation’s projects: approach and methodical scheme.
22. Risk management in innovation of products and technologies.
23. Risk management in projects for merger, acquisition and joint venture creation.
24. Risk management in projects for maintaining of sustainability of a corporation.

LITERATURE

1. Lectures on Corporate Risk Management, UNWE, 2016.
2. A Guide to the Project Management Body of Knowledge (PMBOK) – 4^th ed., Project Management Institute, 2008.
3. 3. Brown G., D. Chew (ed.), Corporate Risk& Strategies and Management, London, Risk Books, 1999.
4. Behrens, W., P.M. Hawranek, Manual for the Preparation of Industrial Feasibility Studies, UNIDO, 1995.
5. Chapman, Ch., St. Ward, Project Risk Management – Processes, Techniques and Insights, John Wiley & Sons, 1997.
6. Chapman, R., Simple Tools and Techniques for Enterprise Risk Management, John Wiley & Sons, 2006.
7. Cooper, D.F., St. Grey, G. Raymond, Ph. Walker, Project Risk Management Guidelines, John Wiley & Sons, 2005.
8. 8. DeLoach J.W., Enterprise – wide Risk Management: Strategies for Linking Risk and Opportunity, London, Financial Times, 2000.
9. 9. Enterprise Risk Management – Integrated Framework (Executive Summary), (Guide of COSO), 2004.
10. Harris, E., Strategic Project Risk Appraisal and Management, GOWER, 2010.
11. ISO 31000 International Risk Management Standard, 2009.
12. Norman, Th., Risk Analysis and Security Countermeasure Selection, CRC Press, 2010.
13. Tidd, J., J. Bessant, Managing Innovation, Wiley, 2013.

Corporate Risk Management Assignments 2017

1. Methods of expert assessments in risk analysis – brainstorming, method “Delphi”, interview.
2. Countering the risk by insuring the property and the personnel: selection of specific assets, selection of insurers, determining the preliminary budget for insurance, negotiating of concrete conditions of insurance.
3. Risk in the process of development of new products of the company: identification of risks at different stages (idea, concept, business analysis, commercialization, etc.), means to reduce risk at different stages.
4. Risk in creating a new venture (enterprise) to start in own business: sources of risk, main risks, counter-measures against risk.
5. Risk management in the selection of an appropriate capital structure (financial leverage) of the company.
6. Managing physical risk in commercial banks.
7. Identification of risk by Scenario method. Nature of the method, application, examples
8. Using of HAZOP training in risk situations. Nature of the method, application, examples.
9. Identification of risk by BPEST and PESTEL analysis. Nature of the method, application, examples.
10. Creating a business continuity plan for organizations.
11. Credit risk management. Nature and definitions, methods of management, examples
12. Risk management in high-risk manufacturing
13. Risk management related to potential leakage of information
14. Application of ISO 31000 in European companies. Advantages and disadvantages
15. Other themes by student’s proposition.