level of course unit
first cycle, Bachelor
Learning outcomes of course unit
• are familiar with the legal fundamentals and framework conditions of risk management.
• are able to match tasks with the individual phases of a risk management cycle.
• are able to identify and classify different types of risk.
• are able to quantify and assess risks.
• are able to develop and interpret a risk matrix.
• are able to deduct measures for risk management.
• understand the fundamentals of risk controlling.
prerequisites and co-requisites
Part A: Differentiation between risk and risk management
Businesses and their objectives, risk & risk management, framework conditions for risk management, closed loop of risk management, phases and tools, fundamentals of rating
Part B: Risks in the area of finance
Direct financial risks (market and translation risk), indirect financial risks (credit risk, default risk, legal risk, liquidity risk), requirements for RM in the area of finance
Part C: Business risks / operational risks
Same risks in different business divisions, risks in procedural processes, risks for staff, requirements for RM in the operational field
Part D: Presentation of risks and assessment of risks
Risk quantification and risk matrix, risk prevention and risk shifting, organization of risk management
recommended or required reading
Romeike, F.; Hager, P. (2013): Erfolgsfaktor Risiko-Management 3.0: Methoden, Beispiele, Checklisten Praxishandbuch für Industrie und Handel. 3. Aufl., Wiesbaden:Gabler. Vanini, U. (2012): Risikomanagement: Grundlagen, Instrumente, Unternehmenspraxis. Stuttgart: Schäffer-Poeschel. Gleißner, W. (2008): Grundlagen des Risikomanagement im Unternehmen. Controlling, Unternehmensstrategie und wertorientiertes Management. 2. Aufl., München: Vahlen. Kramer, J. (2002): Vom Rechnungswesen zum Risikomanagement: aktuelle Fragestellungen im Controlling. München u. Mering: Hampp.
assessment methods and criteria
language of instruction
number of ECTS credits allocated
planned learning activities and teaching methods
Lecture, group work, presentation and task discussion
semester/trimester when the course unit is delivered
name of lecturer(s)
Prof. (FH) DDr. Mario Situm
year of study
2.year of studies
recommended optional program components
course unit code
type of course unit
mode of delivery