Corporate Restructuring PT
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Risk and Opportunity Management

level of course unit

second cycle, Master

Learning outcomes of course unit

Upon successful completion of the course , students are able to interpret the basics of early detection and management of business risks , potential crises but also of possible opportunities , as well as to illustrate the process of risk management ( risk identification, risk assessment, risk control, risk controlling and reporting) both with quantitative and qualitative methods of risk management .

prerequisites and co-requisites

not applicable

course contents

Contents of the course :
• Overview of the legal framework in the context of compliance and risk management
• Risk-based management
• Basic concepts and definitions
• The risk map in the company
• Decision-making under risk
• The risk management process at a glance
• Aggregation of risks
• Derivation of the capital requirement
• Risk management and control
• The organization of risk management systems
• Risk assessment as a challenge for companies
• Risk measures for the description of risks
• Risk management in the context of planning and controlling
• Probability distributions and risk measures
• Risk measures for the description of risks
• Risk value contribution and performance measures
• Design and weaknesses of risk maps
• The quantified risk inventory with risk value proposition
• Solution : risk portfolios with risk measure and measure of central tendency
• Sensitivity analysis
• Methods for the aggregation of risks
• Analytical method of risk aggregation : The variance- covariance approach
• Simulation-based risk aggregation and the determination of the overall risk scale
• Monte Carlo simulations for risk aggregation
• Derivation of the capital requirement
• Determination of risk-adjusted cost of capital rates for value-based management
• The paradigm of value orientation
• Risk , return and cost of capital
• New approaches for the determination of cost of capital
• Risk-taking approach : Derivation of the cost of capital from planning data
• Connection of risk management and value -based management
• Integrated value-based management systems.

recommended or required reading

Köcher Anette & Romeike Frank (2013) Integriertes Risiko- und Chancenmanagement. In: Exler, Markus (Hrsg.) Restrukturierungs- und Turnaround-Management, S.313-344, Berlin,
Erben, R. F. & Romeike, F. (2003). Allein auf stürmischer See ¿ Risikomanagement für Einsteiger, Weinheim
Köcher, A. & Romeike, F. (2009). Die Berücksichtigung der Dimension ¿Mensch¿ im Controlling. In: Brösel, G. & Keuper, f. (Hrsg.): Controlling und Medien. Festschrift für Rolf Dintner zum 65. Geburtstag. Berlin, S. 89-106.
Romeike, F. & Hager, P. (2009). Erfolgsfaktor Risikomanagement 2.0: Lessons learned, Methoden, Checklisten und Implementierung, Wiesbaden; Ergänzendes Material: https://www.risknetwork.net/groups/erfolgsfaktor-risikomanagement-2-0/
Romeike, F. & Brühwiler, B. (2010). Praxisleitfaden Risikomanagement - ISO 31000 und ONR 49000 sicher anwenden, Berlin
Themen-Special Risikomanagement, ProFirma, Download unter: http://www.risknet.de/fileadmin/eLibrary/Pro-Firma-Risk-Management-Special-2006.pdf

assessment methods and criteria

written examination or homework

language of instruction

German

number of ECTS credits allocated

3

planned learning activities and teaching methods

Lecture, group work, presentation and task discussion

semester/trimester when the course unit is delivered

2

name of lecturer(s)

Dipl.-Wirtsch.-Math. Marco Wolfrum

year of study

1.year of studies

recommended optional program components

not applicable

course unit code

B.RIS.1

type of course unit

compulsory (integrated lecture)

mode of delivery

In-class course

work placement(s)

not applicable

Contact

Situm Mario
Prof. (FH) DDr. Mario Situm, MBA
Director of Studies
+43 5372 71819 147
Mario.Situmfh-kufstein.ac.at
questions -  Any
Any questions -
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+43 5372 71819 500
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Internationales Symposium Restrukturierung

Am 25. Oktober 2019 findet das „8. Internationale Symposium Restrukturierung“ an der Fachhochschule Kufstein Tirol statt.

Im Mittelpunkt der Jahreskonferenz 2019 steht das Rahmenthema "Geschäftsmodelle im Wandel". Details finden Sie hier.

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RESTRUKTURIERUNGS-QUALITÄTSSIEGEL FÜR KUFSTEINER MASTERSTUDIENGANG

Der berufsbegleitende Masterstudiengang „Unternehmensrestrukturierung & -sanierung“ ist nach einjähriger Begutachtung offiziell „TMA zertifiziert“ – das renommierte Qualitätssiegel des Verbandes der deutschen Restrukturierungsexperten (TMA).

Weitere Informationen siehe hier.

Restrukturierungs- und Turnaround-Management

ild: Buch Restrukturierungs- und Turnaround- Management