N_RR Risk Management

University of Finance and Administration
Summer 2018
Extent and Intensity
2/1/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. PhDr. Ing. Václav Kupec, Ph.D. (lecturer)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
doc. Ing. Endre Tóth, DrSc. (seminar tutor)
Guaranteed by
doc. PhDr. Ing. Václav Kupec, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Lenka Bažantová
Timetable of Seminar Groups
N_RR/cRPH: each even Tuesday 12:15–12:59 S14, each even Tuesday 13:00–13:45 S14, E. Tóth
N_RR/pRPH: Tue 10:30–11:14 S14, Tue 11:15–12:00 S14, V. Kupec, E. Tóth
N_RR/vRMO: Sat 24. 2. 14:00–15:30 M17, 15:45–17:15 M17, Sat 14. 4. 14:00–15:30 M17, 15:45–17:15 M17, J. Tichý
N_RR/vRPH: Fri 16. 2. 14:00–15:30 S13, 15:45–17:15 S13, Fri 2. 3. 14:00–15:30 S13, 15:45–17:15 S13, E. Tóth
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
Mastering the overall issue of risk management in the company, outline history and explanation of the broader context of risk. Clarification of risk management processes and their links to business processes particularly strategic and operational controlling. Internal and external risks (detailed analysis of key risks). Classification of risks. Analysis and risk assessment. Risk mitigation and its methods. Interpretation of the organization's risk management businesses (including the differences between small, medium and large enterprises). After completing the course the student will learn fundamental issues of risk management in the system, particularly the issue of identification, analysis, and implementation of risk management in the context of whole system of management
Learning outcomes
After completing the course the student will learn fundamental issues of risk management in the system, particularly the issue of identification, analysis, and implementation of risk management in the context of whole system of management
Syllabus
  • 1.Introduction to risks in business and management. Historical context and overall risk management with business management. 2.Process model management and its links to risk management. Control, management and control of risks. Links to controlling risk management (especially on strategic and operational controlling) . The system view on risk management. 3.The risk management process and its phases. Options structuring the process of risk management models used in the Czech Republic, in the corporate and public sectors. 4.The Internal risks in the enterprise. Risks owner, statutory and executive management. Strategic risks and operational risks. Risk of loss of image. Financial risks. Commercial risks. Risk information system, communication technology and competitive intelligence. Risks receivables, projects, natural and ecological risks. The risk of leakage of intellectual property. Risk of "tunneling" (asset stripping) . 5. The External (outsourced) risks. Bank of risk, insurance risk, market securities. Customer - supplier risk. Political risks. Risk of technological progress. Risks industry . Global risk. The risks of corruption. Resolution on the risks of so-called soft (marketing, human resources,innovation ),and hard risks (financial and business), their relationship to short-term and long-term plans and company operations. 6.Tte Systemic risk classification. The risk of a speculative business. Total and residual risk. Elementary and superstructure , fixed and variable risk. Dynamic, acceptable , voluntary risk. Holistic risk. Risks vis mayor, influenced and uninfluenced risk. Threats and vulnerabilities of the company. Chance and risk. 7.The Perception, recognition and identification of risks. List (register) risks. The empirical identification of risk. Questionnaire method. Delphi method . Process identification, risk models, and network diagrams. 8.The Causal analysis and risk management processes. Sense, methods and forms of recovery of causality. Causal models and risks. Interaction models. Feared consequences of risks and their relationship to strategy, controlling and surgery.Risk management standards (ISO 31000). 9. Tte Analysis and risk assessment. Drafts evaluation. Evaluation criteria ( probability / impact)and other criteria. Rating scale. Elementary and complex methods. Risk audit. 10.The Risk mitigation. Selection, retention, retardation, reduction, transfer and insurance, maintenance and diversification of risk. Provisions, and mitigate risks. 11.The Risk management organization in the enterprise. Risk Manager, its profile and activities. Organizational forms. Affiliation activities other position. Risk management as a staff department as a functional unit, risk manager as an executive director and other solutions. Holders of risk and responsibility. Risk management committees. Checking (supervision), monitoring and internal audit risks. Compliance risk, compliance and non-compliance, analysis and solutions. Compliance management processes. Fraud Risk Management. 12. The Differences in risk management in large and small enterprises. Measures to address risks. Ownership, corporate, executive and business decisions, orders, directives and other acts of registration and inspection. Expected effects of risk management.
Literature
    required literature
  • ČASTORÁL, Zdeněk. Management rizik v současných podmínkách. Praha: UJAK, 2017. ISBN 978-80-7452-132-4.
  • FOTR, Jiří a Jiří HNILICA. Aplikovaná analýza rizika ve finančním managementu a investičním rozhodování. 2. vyd. Praha: Grada, 2014. ISBN 978-80-247-5104-7.
  • HAVLÍČEK, Karel a Pavla BŘEČKOVÁ. Řízení exportních rizik malé a střední firmy. Praha: Eupress, 2015. ISBN 978-80-7408-113-2.
  • SMEJKAL, Vladimír a Karel RAIS. Řízení rizik ve firmách a jiných organizacích. 4. vyd. Praha: Grada, 2013. ISBN 978-80-247-4644-9.
  • VÁCHAL, Jan, Marek VOCHOZKA a kol. Podnikové řízení. Praha: Grada Publishing, 2013. ISBN 978-80-247-8682-7.
    recommended literature
  • CIPRA, Tomáš. Riziko ve financích a pojišťovnictví: Basel III a Solvency II. Praha: Ekopress, 2015. ISBN 978-80-87865-24-8.
  • JOHN, Vladimír. Podnikatelé versus podvodníci: 52 příběhů nejčastějších podvodů páchaných na seriózních podnikatelích : odhalená pravda o rizicích podnikání. Praha: Meriglobe Business Academy, 2016. ISBN 978-80-88189-01-5.
  • Krizová legislativa (soubor zákonů). Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2016. ISBN 978-80-7380-627-9.
  • LINDAUER, Roman. Modern risk management remarks. Prague: Oeconomica, 2017. ISBN 978-80-245-2206-7.
  • NEUGEBAUER, Tomáš. Vyhledání a vyhodnocení rizik v praxi. Praha: Wolters Kluwer, 2014. ISBN 978-80-7478-458-3.
    not specified
  • Auditor. Praha: KAČR. ISSN 1210-9096.
  • Interní auditor. Praha: ČIIA, ISSN 1213-8274.
  • Moderní řízení. Praha: Economia, ISSN 0026-8720.
Teaching methods
Teaching full-time study consists of lectures. In the combined studies students are taught in the form of managed group consultations. The teaching will be a complemented theory with practical examples which enable students make an idea of the role of audit in business management. The participation will require some degree of preparedness of students following the curriculum to allow informed debate on the topics discussed. The minimum mandatory attendance is for the full-time students 75% and for the part-time students 50%. Students who fail to meet the mandatory scope of participation may be given additional study obligations that would demonstrate knowledge of the issues and the acquisition of competencies necessary for successful completion of a course.
Assessment methods
The course ends with an examination which precedes the granting of credit. The condition for granting credit is an active participation in seminars min 80%. (The absence the student teacher may be stored develop additional essay.) Essay and papers by entering their presentations at the seminar. The exam consists of a written test, which is followed by an oral examination
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 8 hodin KS/semestr.
The course is also listed under the following terms Winter 2007, Summer 2010, Winter 2011, Winter 2012, Winter 2013, Winter 2014, Summer 2015, Summer 2016, Summer 2017, Summer 2019, Summer 2020, Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (Summer 2018, recent)
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