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Due to the exceptional circumstances caused by the COVID-19 pandemic, the learning activities, assessments and attendance requirements for this unit may be subject to late changes. Please refer to this unit outline regularly for up to date information and to notices in the unit’s Canvas site for any adjustments.

Unit of study_

AMME5105: Risk Management Analysis

Syllabus covers methods involved in quantifying and measuring risk. Risk measurement techniques; Risk factors; Linear and nonlinear risks; Volatility; Scenario analysis; Stress testing; Value at risk (VAR) frameworks and their limitations. Comparison will be made to real word outcomes using case studies. The handling of "unknown unknowns" and how to incorporate these into a risk analysis will be investigated. An introduction to common financial instruments will be presented.

Code AMME5105
Academic unit Aerospace, Mechanical and Mechatronic
Credit points 6
Prerequisites:
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None
Corequisites:
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None
Prohibitions:
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None

At the completion of this unit, you should be able to:

  • LO1. determine acceptable levels of financial risk and ways to manage or mitigate where unacceptable
  • LO2. complete and properly document a group project, partake in group discussions and be able to articulate and present your work and generate and answer questions from the audience
  • LO3. understand industry practice around risk quantification
  • LO4. perform calculations to quantify risk under various scenarios.

Unit outlines

Unit outlines will be available 2 weeks before the first day of teaching for 1000-level and 5000-level units, or one week before the first day of teaching for all other units.

There are no unit outlines available online for previous years.