Corporate Risk Management
Risk terminology, the system of corporate risks, the legal basics of risk management, corporate governance codex, Basel II, the Sarbanes Oxley Act, risk identification (early warning systems, drop out effect analyses, risk workshops, standardised questionnaires, error tree analyses, business inspections, brainstorming etc.), risk assessment (expected value of damage, expert assessments, sensitivity analyses, value at risk, scoring models, correction procedure through risk premiums, regression and correlation analysis), risk aggregation (risk inventory, risk map, risk cube, risk portfolio), controlling risk and risk monitoring (risk strategy, risk avoidance, risk minimisation, risk diversification, risk precautions, risk limiting, early warning indicators, risk based indicator systems), risk reporting, risk management and controlling, anchoring structural risk management within the organisation.
European Economy & Business Management (Bachelor)
Language of instruction
On successful completion of this class, the students will be able to systematically identify, evaluate, manage and monitor significant risks to business.