Review Submission History: Practical Connection Assignment

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ITS835Syllabus2019SummerMain.docx

Course Summary

Course Number and Name

ITS 835 – Enterprise Risk Management

Course Term and Delivery

2019 Summer Main

Hybrid Course

Course Instructor

Jennifer Merritt, PhD, Professor

Email: [email protected]

Office Hours: By Appointment

Course Description

This course goes beyond looking at risk management from the confines of quantitative topics to cover the full spectrum of risks that may emerge in enterprises. It covers a more holistic approach that includes the decisions and actions of employees in an active enterprise. It uses case studies to demonstrate the issues and challenges in total risk management. Finally, the course explores techniques for balancing enterprise risk and reward to enable performance optimization.

Course Objectives

Upon completion of the course, students will be able to:

· Design and implement an appropriate ERM framework and risk governance structure customized to any type of organization.

· Conduct qualitative risk assessments to identify/prioritize key risks from among all risk sources.

· Quantify all types of risks, including strategic, operational, financial, and insurance.

· Develop a clear definition of risk appetite (the aggregate enterprise-level risk limit).

· Enhance strategic planning, increasing the likelihood of achieving strategic plan goals.

· Provide a rigorous business case for both business and mitigation risk-reward decision-making.

· Assure the board of directors that key risks are well understood and managed.

· Understand and satisfy ERM requirements from rating agencies, regulators, and shareholders.

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ITS835 – Enterprise Risk Management

Course Structure

· Watch weekly lecture

· Participate in class discussion via iLearn forums

· Reading assigned texts

· Complete quizzes based on assigned reading and lecture

· Complete cases based upon a given scenario

· Complete homework assignments from the text and other sources

Learning Materials and References

Required Resources

· Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.

Evaluation and Grading

Course Assignments and Evaluation Criteria

Grading will be based on accumulated points of each graded requirement in the course distributed as described in the table below:

Required Assignments*

Assignment

Description

Weight

Discussions (10)

Students will be required to create 1 new thread, and provide

substantive comments on at least 3 threads created by other students.

10%

Homework (7)

Each student will answer the assigned questions for the week and submit the answers to iLearn.

10%

Research Paper (1)

Topic to be assigned.

20%

Residency Weekend

June 14 – June 16, 2019. Research projected completed during the residency weekend and submitted in iLearn on June 16, 2019 before departing. Students will be randomly grouped in iLearn. Each group will submit their research project as a group with all students earning the group score. Students need to bring their laptops to conduct research, write research paper (SafeAssign reviewed), create PowerPoint presentation, and present their project orally before the class. Students must attend the residency weekend to earn a grade, there are no exceptions to this rule. Students not attending will earn zero points and a 0% as a grade.

60%

TOTAL

100%

· Assignments may change at the discretion of the professor and changes in the assignments will be announced in class. Students are responsible for noting and completing any changes in assignments.

Grade Conversion

The final grades will be calculated from the percentages earned in the course, as follows:

Grade

Percentage

A

90–100%

B

80–89.5%

C

70–79.5%

F

<69.5%

Course Expectations

Class Participation

Students are expected to:

1. Be fully prepared for each class session by studying the assigned reading material and preparation of the material assigned.

2. Participate in group discussions, assignments, and panel discussions.

3. Complete specific assignments when due and in a professional manner.

4. Take exams when specified on the attached course schedule

Academic Integrity

At a Christian liberal arts University committed to the pursuit of truth and understanding, any act of academic dishonesty is especially distressing and cannot be tolerated. In general, academic dishonesty involves the abuse and misuse of information or people to gain an undeserved academic advantage or evaluation. The common forms of academic dishonesty include:

a. cheating - using deception in the taking of tests or the preparation of written work, using unauthorized materials, copying another person’s work with or without consent, or assisting another in such activities

b. lying—falsifying, fabricating, or forging information in either written, spoken, or video presentations

c. plagiarism—using the published writings, data, interpretations, or ideas of another without proper documentation

Episodes of academic dishonesty are reported to the Vice President for Academic Affairs. The potential penalty for academic dishonesty includes a failing grade on a particular assignment, a failing grade for the entire course, or charges against the student with the appropriate disciplinary body.

Students with Disabilities

Students who may have a disability meriting an academic accommodation should contact Mr. Nate Clouse, the Disabilities Services Coordinator, in the Student Services Office. For accommodations to be awarded, a student must complete an Accommodations Application and provide documentation of the disability to the Disability Services Coordinator. Any accommodations for disabilities must be re‑certified each semester by the Disability Services Coordinator before course adjustments are made by individual instructors. Additional information on disability accommodations may be found in the Undergraduate Catalog or the Student Handbook.

Student Responsibilities

1. Students are expected to login several times per week to participate in class discussions.

2. Students are expected to find out if any changes have been made in the class or assignment schedule.

3. Students are expected to be self-motivating in an online, asynchronous course.

4. Submit all assignments, quizzes, and exams before the due date or receive zero points.

Tentative Course Outline*

Note: Assignments, quizzes, and exams are posted in the Content section. Due dates are also posted as well as listed below.

Week

Weekly Lecture

Reading

Due Dates*

Week 1

May 6 – May 12

Introduction

Introduce Yourself

Week 2

May 13 – May 19

Enterprise Risk Management

Overview of ERM

Chapters 1 & 2

Get Textbooks

Begin Reading the chapters

Week 3

May 20 – May 26

ERM Implementation

Value and Risks

Chapter 3 & 4

Discussion – Due 5/26

Homework – Due 5/26

Week 4

May 27 – June 2

ERM in Practice

Strategic Risk Management

Chapters 5 & 6

Homework – Due 6/2

Week 5

June 3 – June 9

ERM Evolution

Case study in ERM

Chapters 7 & 8

Discussion – Due 6/9

Homework – Due 6/9

Week 6

June 10 – June 16

Residency Weekend

June 14 – June 16th

Prep for

Weekend

Assignment

Residency Weekend

Deliverable: Project To be

assigned

Week 7

June 17 – June 23

ERM in University Setting

Accountability in Risk Management

Chapter 9 & 10

Week 8

June 24 – June 30

Evolution of ERM

Measuring Performance

Chapter 11 & 12

Discussion – Due 6/30

Homework – Due 6/30

Week 9

July 1 – July 7

TD Bank Case Study

Zurich Insurance Study

Chapters 13 & 14

Discussion – Due 7/7

Homework – Due 7/7

Week 10

July 8 – July 14

Embedding ERM

Leveraging ERM

Chapters 15 & 16

Discussion – Due 7/14

Homework – Due 7/14

Week 11

July 15 – July 22

Developing a Risk Plan

Blue Wood Chocolates Study

Chapter 17 & 18

Discussion – Due 7/22

Homework – Due 7/22

Week 12

July 23 – July 28

Kilgore Case Study

Risk Management

Chapters 19 & 20

Discussion – Due 7/28

Homework – Due 7/28

Week 13

July 29 – Aug. 4

ERM in Public Safety

Creating Value

Chapter 21 & 22

Begin Research Paper

Due: 8/18

Week 14

Aug. 5 – Aug. 11

Control Complacency

Role of VaR

Chapter 23 & 24

Discussion – Due 8/11

Week 15

Aug. 12 – Aug. 18

Analysis of Strategic Risk Management

Chapter 25

Discussion – Due 8/18

Week 16

Aug. 19 – Aug.20

Research Paper and

Course Evaluation

All Assignments Due by 8/18

Note: ALL ASSIGNMENTS AND DUE DATES ARE SUBJECT TO CHANGE

*All assignments, quizzes, and exams are posted in iLearn under the Content Section and are due no later than 11:59 pm EST on the due date. Final grades will be posted no later than August 21, 2019.

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