Please note - Swinburne University of Technology

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The role and standing of codes of practice and standards.
Legal implications of product guarantees, warranties and
usage information.
The role of an expert witness.
Companies Act requirements of directors and officers,
liabilities and consequences.
Introduction to the Building Code of Australia and Fire
Regulations.
References
Brooks, A. Guidebook to Australian Occupational Health and Safety
Laws 3rd ed, North Ryde, N.S.W. CCH Australia, 1988
Creighton, W.B. Understanding Occupational Health and Safely Law
in Wctoria. North Ryde, N.S.W.: CCH Australia. 1986
MM713 Risk Management Principles
No. of hours per week: two hours
Instruction: lectures and tutorials
A subject in the Graduate Diploma in Risk Management.
Subject aims and description
This subject aims to introduce fundamental principles related
to loss prevention and to develop a basic understanding of
how risk can be managed.
Risk control: concepts and definitions; organisational and risk
management objectives. Overview of risk management
models: process model, assets, vulnerabilities, exposure and
threats model, functions and activities model; risk control
principles and practice; decision making. Insurance: the
history and role of insurance, principles of insurance:
contents, claims estimates, premium determination, types of
premiums, re-insurance, the role of brokers; liability insurance
concerning products, employers, employees and the public.
Professional indemnity: contract types and administration
catastrophic loss insurance: contract types and
administration; captive insurance organisations, self insurers,
bank guarantees.
Reference
De Jonghe, P. Readings in Risk Management, Risk Transfer &
Insurance. Melbourne: Swinburne University of Technology, 1983
% MM714 Risk Analysis
E.
.2 'No. of hours per week: two hours
0 -."
Instruction: lectures and tutorials
rn A subject in the Graduate Diploma in Risk Management.
3
e. Subject aims and description
2 This subject aims to further develop principles and
. - techniques of risk assessment, analysis and control.
Historical overview of health and safety within society; prescientific
attitudes to causation and early scientific
approaches to risk analysis.
Risk analysis and use of modelling: application of risk
estimation, psychological, energy damage and generalised
time sequence models.
Risk diagrams and analysis of risk related data; recording of
data.
Occurrence investigation: the objectives and training
requirements.
Information systems: classification, analysis and use of data.
References
Selected readings and course notes
Rowe, W.D. An Anatomy of Risk. Repr. Manabar: R.E. Krieger, 1988
Viner, D. Accident Analysis and Risk Control. Carlton South: VJR
Delphi. 1991
MM715 Risk Engineering
No. of hours per week: two hours
Instruction: lectures and tutorials
A subject in the Graduate Diploma in Risk Management.
Subject aims and description
This subject aims to provide students with further experience
in the application of risk estimation and analytical
techniques.
Risk estimation and loss rate concept.
Risk diagrams and risk modelling principles.
Risk modelling using computer simulations.
Outcome analysis and event trees.
Fault tree analysis: techniques and applications.
Failure modes and effects analysis and methodology.
Sources of risk data - probability, failure and reliability.
Hazard and operability studies.
References
Rowe, W.D. An Anatomy of Risk. Repr. Malabar: R.E. Krieger, 1988
Viner. D. Accident Analysis and Risk Contml. Carlton South: VJR
Delphi. 1991
MM716 Risk Evaluation Principles
No. of hours per week: two hours
Instruction: lectures and tutorials
A subject in the Graduate Diploma in Risk Management.
Subject aims and description
The aim of this subject is for students to understand the
application of risk evaluation and decision making within
human social structures and the implications for human
organisation activities.
Risk evaluation and the role of decision making: problem
solving and decision making; case studies; personal and
small group risk evaluation principles; the balance between
risk benefits and costs (including disbenefits); acceptability of
risk; basis upon which people respond to risk situations;
controllability of risk; control techniques and trend analysis.
Human social organisations: fundamentals of human social
organisation; nature and operation of groups; nature and
experience of risk within groups; organisational behaviour in
situations of change.
References
Eunson, B. Behaving: Managing burself and Others. Sydney,
McGraw-Hill. 1987
Fischoff, 0. et al. Acceptable Risk. Cambridge, N.Y.: Cambridge
University Press, 1985
Mooney, G.H. The kluation of Human Life. London: Macmillan Press,
1977
Rescher, N. Risk: A Philosophical Introduction to the Theory of Risk
Evaluation & Management. Washington D.C.: University Press of
America, 1983
Schwing, R.C. and Albers, W.A. Jr. (Ed) Societal Risk Assessment. How
Safe is Safe Enough?. New York: Plenum Press, 1980
Tyson, 1. Wrking with Groups. South Melbourne: Macmillan, 1989
MM718 Financial Risk Management
No. of hours per week: two hours
Instruction: lectures and tutorials
A subject in the Graduate Diploma in Risk Management.
Subject aims and description
This subject aims to further develop a practical
understanding of how risk may be effectively managed, and
how this relates to the various financial structures within the
country.
Risk management systems: organisational and national
structures, crisis management systems, and assessment of
organisation effectiveness; types of financial risk; financial
instruments and their use; the timing of financial risk; tax