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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

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 the relevant session.

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