Risk Management 1
2014-2015 - IMT4762 - 5 ECTS

Expected learning outcomes

Knowledge

  • Possesses advanced knowledge within one specific framework /standard in Risk Management covered by the Master Program.
  • Possesses insight and good understanding of the practical work of Risk Management in practical life

Skills

  • Is able to practice existing frameworks, standards and methods and to challenge established knowledge and practice in the media technology area.
  • Is able to use a given standard, framework or method in Risk Management and Risk Assessment in an organisation.
  • Is able to understand the nature of a Rsik Framework and how to apply this to an organisation
  • Is able to understand the major principles of Risk Management
  • Is able to understand which practical guidance and techniques are available
  • Guide to assist with the implementation of a Risk Management framework
  • Is able to apply a Risk Management standard/ framework to a practical case study

General Competence

Having completed the course, the students should have:

  • An advanced level of understanding of the structure and content of a risk management framework/ standard
  • An understanding of the advantages, challenges and complexity of working with Information Security Management and IT related risks in organisations.
  • An understanding of how to make well-informed decisions about and to respond to the extent of the IT risk

Topic(s)

  • Risk Management in the context of an Information Security Management system
  • Study of framework / standards for risk assessment

Teaching Methods

Lectures
Group works
Net Support Learning
Project work
Meeting(s)/Seminar(s)
Tutoring

Teaching Methods (additional text)

The course will include an introductory lecture providing an overview of the course content. The primary teaching method for the course is project work. The students are required to carry out and document a risk assessment activity by means of a case study.

Students are expected to present their work-in-progress at the seminars for discussions. Guidance, supervision and feedback will be provided during seminars only and given on material presented at the seminars only. Students that cannot be present during the seminars are expected to be present by means of the Fronter Teleconference tool.

The course will be made accessible for both campus and remote students. Every student is free to choose the pedagogic arrangement form that is best fitted for her/his own requirement. The lectures in the course will be given on campus and are open for both categories of students. All the lectures will also be available on Internet through GUC’s learning management system (ClassFronter).

Form(s) of Assessment

Oral exam, individually
Evaluation of Project(s)

Form(s) of Assessment (additional text)

The project counts 40 % and oral exam counts 60% towards the final grade.
Students are recommended to work in groups with the project. Every group must have no more than 4 members. To ensure fairness, course deliverable grading will depend on deliverable quantity, quality and the number of contributing students.

Grading Scale

Alphabetical Scale, A(best) – F (fail)

External/internal examiner

Evaluated by external and internal examiner.

Re-sit examination

Not allowed.

Teaching Materials

The course litterature will be the documents listed below or similar.

  • ISO/IEC 27005:2011. Information security risk management
  • ISACA (www.isaca.org) Cobit 5 for Risk

Additional recommended reading:

  • ISO/IEC 27001:2013. Information security management systems - Requirements