CSE052 Risk Management

School: School of Engineering and technology
Department Department of Computer Science and Engineering

Program: B. tech
Branch: CSE Semester:
1 Course Code CSE052
2 Course Title Risk Management
3 Credits 3
4 Contact 3-0-0
Hours
(L-T-P)
Course Status Core /Elective/Open Elective
5 Course The objective of this course is to provide an insight to fundamentals of
Objective risk management in which business and society make an assessment of,
control, regulation of risk management and transfer risk.
6 Course On successful completion of this module students will be able to:

Outcomes
CO1: define the basic concept of risk, types, uncertainty, managing,
evaluation and prediction of risk.
CO2: illustrate the key stages, component, framework, standards,
architecture, strategy policies, and protocols process of the risk
management.
CO3: identify various risk, score them, control and opportunity risk
CO4: apply approach/technique of risk assessment for strategy, projects
and operations, and make use of risk matrix
CO5: analyze uncertainty and risk in projects and apply measurement
CO6: Explain, compare and apply risk management concept and
techniques in projects to the success of the organization.
7 Course This course is to provide students with the concepts and fundamentals
Description of risk management, a study of risk assessment and management
techniques, methods, and models used in industry to minimize, control
and communicate risks.
8 Outline syllabus CO
Mapping
Unit 1 Introduction
A The Concept of Risk, Risk and Uncertainty: Distinction, CO1, CO6
Classification of Risks
B Managing Risk, Sources and Measurement of Risk CO1, CO6
C Risk Evaluation and Prediction, Types of Risk CO1, CO6
Unit 2 Principles and aims of risk management
A Principles of risk management, Importance of risk CO2, CO6
management, Risk management activities, Perspectives
of risk management
B Scope of risk management standards:- Risk management CO2, CO6
process, Risk management framework
C Risk architecture, strategy Policies and protocols CO2, CO6
Unit 3 Risk classification Systems
A Short, Medium and long term Risk CO3, CO6
B FIRM risk scorecard, PESTLE risk classification system CO3, CO6
C Hazard, control and opportunity risk CO3, CO6
Unit 4 Risk Assessment
A Importance of risk assessment, Approaches to risk CO4, CO6
assessment, risk assessment techniques
B Risk Matrix, Risk Perception, Risk appetite CO4, CO6
C Application of risk matrix, inherent and current level of CO4, CO6
risk, 4T’s of risk response
Unit 5 Risk Management
A Importance of risk appetite – Risk tolerance, treatment, CO5, CO6
termination
B Introduction to Project Risk Management, uncertainty in CO5, CO6
projects , project lifecycle, Project risk analysis and
management
C Operational risk management- definition, measurement, CO5, CO6
difficulties of measurement
Mode of Theory
examination
Weightage CA MTE ETE
Distribution 30% 20% 50%
Text book/s* 1. Paul Hopkin,”Fundamental of Risk Management-
Understanding evaluating and implementing
effective risk management”, KoganPage London
Philadelphia New Delhi.
Other 1. Internet
References
CO and PO Mapping
Program Outcomes (PO)
S.
Course Outcome & Program Specific
No.
Outcomes (PSO)
CO1: define the basic concept of risk, types, uncertainty, PO1, PO2, PO7, P12,
1.
managing, evaluation and prediction of risk. PSO1
CO2: illustrate the key stages, component, framework, PO1, PO4, PO5, PO8,
PO9, PO10, PO11, PO12
2. standards, architecture, strategy policies, and protocols
PSO3
process of the risk management.
CO3: identify various risk, score them, control and PO1, PO2, PO4, PO9,
3.
opportunity risk P12, PSO1
CO4: apply approach/technique of risk assessment for
PO1, PO3, PO5, PO6,
4. strategy, projects and operations, and make use of risk
PO9, P11, PSO3
matrix
CO5: analyze uncertainty and risk in projects and apply PO1, PO2, PO4, PO5,
5.
measurement PO7, PO9, PSO3
CO6: explain, compare and apply risk management
PO1, PO3, PO5, PO7,
6. concept and techniques in projects to the success of the
PO9, P11, P12, PSO2
organization.
PO and PSO mapping with level of strength for Course Name Risk Management
(Course Code CSE052 )
Cos PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PO11 PO12 PSO1 PSO2 PSO3
CO1 3 - - - - - 1 - - - - 1 2 - -
CSE052 _ CO2 2 2 - 3 2 - - 1 2 1 1 1 - - 2
Risk
CO3 2 - - - - - - - 2 - - 1 1 - -
Managemen
t CO4 1 - 2 - 3 - - - 2 2 2 - - - 1
CO5 2 2 - 2 1 - 1 - 2 1 1 - - - 1
CO6 2 2 2 - - - 1 - 2 1 1 1 - 1 -
Average of non-zeros entry in following table (should be auto calculated).
Course Course PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO PO PO PSO 1 PSO PSO 3
Code Name 10 11 12 2
CSE052 Risk 2 2 2 2.5 2 - 1 1 2 1.25 1.25 1 1.5 1 1.33
Manage
ment
Strength of Correlation
1. Addressed to Slight (Low=1) extent 2. Addressed to Moderate (Medium=2) extent

3. Addressed to Substantial (High=3) extent

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CSE052 Risk Management

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School: School of Engineering and technology

Department Department of Computer Science and Engineering

6 Course On successful completion of this module students will be able to:

Average of non-zeros entry in following table (should be auto calculated).

1. Addressed to Slight (Low=1) extent 2. Addressed to Moderate (Medium=2) extent

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