Students
MMBA8148 – Risk Management: Enhancing Value Creation and Protection
2026 – Term 2, Online-scheduled-weekday
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Adjunct Professor
John-Paul Monck
Contact via Email
By Appointment
|
|---|---|
| Credit points |
Credit points
10
|
| Prerequisites |
Prerequisites
MMBA8035
|
| Corequisites |
Corequisites
|
| Co-badged status |
Co-badged status
|
| Unit description |
Unit description
Unlock the power of risk management as a strategic enabler for value creation and protection in organisations. This unit explores the core principles and practices of risk management, aiming to improve performance, foster innovation, and achieve organisational objectives. The unit will build on the comprehensive risk management framework based on international standards and encompass risk identification, analysis, treatment, monitoring, and communication. Dive into various risk types, including financial, operational, conduct, and strategic risks, examining their impact on organisational performance and sustainability. Gain insights into the systems of risk governance within organisations, ensuring the effectiveness of risk management practices. Particular emphasis is placed on cultivating a risk-aware and ethical culture, fostering an environment conducive to effective risk management. Through theoretical exploration and practical applications, equip yourself with the skills and knowledge to navigate complex risk landscapes, positioning your organisation for sustainable success in today's dynamic business environment. |
Important Academic Dates
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
Learning Outcomes
On successful completion of this unit, you will be able to:
- ULO1: Apply a risk management framework to a range of risks and business contexts.
- ULO2: Use, interpret, and critique quantitative models for risk analysis.
- ULO3: Effectively communicate complex risk management ideas, information and recommendations to a professional audience.
General Assessment Information
Late Submission Penalties (written assessments)
If you submit your assessment late, 5% of the total possible marks will be deducted for each day (including weekends), up to 7 days. Submissions more than 7 days late will receive a mark of 0.
Example 1 (out of 100):
If you score 85/100 but submit 20 hours late, you will lose 5 marks and receive 80/100.
Example 2 (out of 30):
If you score 27/30 but submit 20 hours late, you will lose 1.5 marks and receive 25.5/30.
Extensions
Automatic short extension: Some assessments are eligible for automatic short extension. You can only apply for an automatic short extension before the due date. Special Consideration: If you need more time due to serious issues and for any assessments that are not eligible for Short Extension, you must apply for Special Consideration. Need help? Review the Special Consideration page for further details: https://students.mq.edu.au/study/assessment-exams/special-consideration’
Assessment Tasks
| Name | Weighting | Hurdle | Due | Groupwork/Individual | Short Extension | AI Approach |
|---|---|---|---|---|---|---|
| Formal examination | 40% | No | Exam Period | Individual | No | Open |
| Professional practice: Risk analysis and executive presentation | 40% | No | 13/06/2026 | Individual | No | Open |
| Professional practice: Risk and control assessment | 20% | No | 02/05/2026 | Individual | No | Open |
Formal examination
Assessment Type 1: Examination
Indicative Time on Task 2: 25 hours
Due: Exam Period
Weighting: 40%
Groupwork/Individual: Individual
Short extension 3: No
AI Approach: Open
The purpose of this assessment is for you to demonstrate the expertise you have gained in this unit.
You will participate in a 2-hour exam held during the University Examination period.
Important information about the exam will be made available on the unit iLearn page. You should also review the MQ Exams website for general tips.
Deliverable(s): Formal exam
Individual assessment
On successful completion you will be able to:
- Apply a risk management framework to a range of risks and business contexts.
- Use, interpret, and critique quantitative models for risk analysis.
- Effectively communicate complex risk management ideas, information and recommendations to a professional audience.
Professional practice: Risk analysis and executive presentation
Assessment Type 1: Professional task
Indicative Time on Task 2: 25 hours
Due: 13/06/2026
Weighting: 40%
Groupwork/Individual: Individual
Short extension 3: No
AI Approach: Open
The purpose of this assessment is for you to demonstrate your ability to take an enterprise-wide perspective on risk management and communicate complex risk scenarios to senior stakeholders.
You will conduct a comprehensive analysis of multiple material risk types affecting an organisation, evaluate their interconnected impacts, and present strategic recommendations to a Board or senior management audience. You will synthesise various risk management concepts and articulate potential implications across different risk categories including credit, market, liquidity, and operational risks.
Skills in focus:
- Critical thinking and problem solving
- Communication skills
- Work Readiness
Deliverable(s): Written report [max 4000 words] and executive presentation (15 min)
Individual assessment
On successful completion you will be able to:
- Use, interpret, and critique quantitative models for risk analysis.
- Effectively communicate complex risk management ideas, information and recommendations to a professional audience.
Professional practice: Risk and control assessment
Assessment Type 1: Problem-based task
Indicative Time on Task 2: 20 hours
Due: 02/05/2026
Weighting: 20%
Groupwork/Individual: Individual
Short extension 3: No
AI Approach: Open
The purpose of this assessment is to equip you with practical experience in conducting a comprehensive risk and control assessment within a real-world business context.
You will identify and document a business process of your choice, develop a risk matrix outlining inherent and residual risks, and apply appropriate controls. You will need to justify the connection between regulatory obligations, identified risks, and implemented controls, showcasing your understanding of risk management principles in practice.
Skills in focus:
- Critical thinking and problem solving
- Discipline knowledge
- Work readiness
Deliverable(s): Written Report [max 3000 words]
Individual assessment
On successful completion you will be able to:
- Apply a risk management framework to a range of risks and business contexts.
1 If you need help with your assignment, please contact:
- the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
- Academic Success for academic skills support.
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation.
3 An automatic short extension is available for some assessments. Apply through the Service Connect Portal.
Delivery and Resources
| Week | Topic | Activity |
| 1 | Introduction | Zoom Class Thursday 9 April 2026 6pm |
| 2 | Market Risk (Block) | 18 and 19 April 2026 9am - 3pm. |
| 3 | Risk Management Process | via iLearn |
| 4 | Strategic Risk | Zoom Class 30 April 2026 6pm |
| 5 | Capital and Liquidity | Zoom Class 7 May 2026 6pm |
| 6 | Risk Governance and Culture | Zoom Class 14 May 2026 6pm |
| 7 | Operational Risk (block) | 23 and 24 May 2026 9am - 3pm. |
| 8 | Credit Risk | via iLearn |
| 9 | Accountability and Remuneration | Zoom Class 4 June 2026 6pm |
| 10 | Review | Zoom Class 11 June 2026 6pm |
Policies and Procedures
Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Assessment Procedure
- Complaints Resolution Procedure for Students and Members of the Public
- Special Consideration Policy
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.
Student Code of Conduct
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct
Results
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit connect.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
Academic Integrity
At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.
Student Support
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Academic Success
Academic Success provides resources to develop your English language proficiency, academic writing, and communication skills.
- Workshops
- Chat with a WriteWISE peer writing leader
- Access StudyWISE
- Upload an assignment to Studiosity
- Complete the Academic Integrity Module
The Library provides online and face to face support to help you find and use relevant information resources.
Student Services and Support
Macquarie University offers a range of Student Support Services including:
- IT Support
- Accessibility and disability support with study
- Mental health support
- Safety support to respond to bullying, harassment, sexual harassment and sexual assault
- Social support including information about finances, tenancy and legal issues
- Student Advocacy provides independent advice on MQ policies, procedures, and processes
Student Enquiries
Got a question? Ask us via the Service Connect Portal, or contact Service Connect.
IT Help
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Changes since First Published
| Date | Description |
|---|---|
| 30/03/2026 | Location update only. |
| 27/03/2026 | Updated schedule to reflect online only mode. |
Unit information based on version 2026.04 of the Handbook