Course detail

Risk Management

FP-IBrmPAcad. year: 2023/2024

Předmět je zaměřen zejména na následující oblasti: Příčiny neúspěchu v podnikání. Krize firmy (základní příznaky, ochrana před krizí, doporučení managementu v boji z krizí. Krize jako příležitost. Kritické momenty rozvoje úspěšné firmy. Základní principy změnových procesů firmy. Modely plánované změny ve firemní praxi (Lewinův model, Kotterův model, model Nokia a jejich vzájemné porovnání). Změna a riziko. Druhy a analýza rizik. Měření rizika. Základní statistické charakteristiky rizika. Metody snižování rizika v řízení firmy a jejich analýza (metody odstraňující příčiny vzniku rizika; metody snižující nepříznivé důsledky rizika). Základy investiční matematiky a metodika investičního rozhodování. Snižování rizika a hodnocení investic v osobním či firemním investování (případové studie). Riziko spojené se změnou strategie firmy včetně uvedení metodiky provedení změny strategie firmy. Prognózování – nástroj snižování rizika v hospodářském životě firmy.

Language of instruction


Number of ECTS credits


Mode of study

Not applicable.

Offered to foreign students

Of all faculties

Entry knowledge

Knowledge gained from subjefct Strategic management - strategic analyses and decision making in the company.

Rules for evaluation and completion of the course

Conditions for awarding the course-unit credit:
1. Active participation in exercises will be controlled and assessed by the teacher - max. 100 points.
2. Successful completion of a credit test - max assessment: 100 points in due term, 80 points in first reparative test and 60 points in second reparative test.
3. Successful elaboration of semester work in pre-set deadline. Maximum 100 points for handing over in the deadline max 80 points for late handing over.
4. Total number of points for awarding the course-unit credit has to be higher than 150.

Conditions for passing an exam: Knowledge of taught topics and its practical application.
Form of examination: Combined - a written test and an oral examination if necessary.
Control of results of independent work on assigned tasks. In case of excused absence from seminars, the teacher can set additional condition if appropriate, usually elaboration of partial written task.


The main objective of the course is to provide students with the theoretical foundations and methodology necessary for the identification, analysis and risk assessment of business processes. Attention is paid to methods of reducing the risk of failure of implementing the change processes of the company. Based on the understanding of the classical model of change (Lewins model) methodology is presented to the change of company strategy with consideration of risk processes. Methods of preventive removal of the causes of risky situations and methods of reducing the adverse consequences of risky situations are presented with concrete examples. As a tool of knowledge reduction of uncertainty about the future and reduce the risks involved are presented the basic principles of forecasting (with details of their principal advantages and disadvantages).
Students will know the traditional and modern procedures of risk measuring, including the most widely used methods of decreasing the company's risk. Students will acquire the basic necessary skills needed for analyzing and evaluation the company's risk, including the proposal for changing strategy in company with respect to risk analyze. Students will also be able to manage change processes standard strategy (both business as well as functional) each SBU firm.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

HOPKIN, P. Fundamentals of risk management: understanding, evaluating and implementing effective risk management. 5th ed. New York: Kogan Page, 2018.
ALLEN, B. J., LOYEAR, R., NOAKES-FRY, K. Enterprise security risk management: concepts and applications. Brookfield, Connecticut: Rothstein Publishing. 2018. ISBN 978-1-944480-44-8.
KENDRICK, T. Identifying and managing project risk: essential tools for failure-proofing your project. 2nd ed. New York: AMACON. 2009. ISBN 978-08-1441-340-1.

Recommended reading

LAM, J. Enterprise risk management: from incentives to controls. New Jersey: John Wiley, 2003. ISBN 0-471-43000-5.
CROUHY, M., GALAI, D., MARK, R. The essentials of risk management. New York: McGraw-Hill, 2006. ISBN 0071429662.

Classification of course in study plans

  • Programme MGR-Z Master's

    branch MGR-Z , 1. year of study, summer semester, elective

  • Programme MGR-IBM Master's, 1. year of study, summer semester, compulsory

Type of course unit



13 hours, optionally

Teacher / Lecturer


Topics lectures are as follows:
1. Introduction - basic acquaintance with problems, continuity with study subjects.
2. Crisis of the company, protection against crisis, management recommendations in the fight against the crisis.
3. Critical moments of successful company development.
4. Models of planned changes in the company (Lenin model, Kotter, Nokia model).
5. Types and risk analysis.
6. Methods of risk reduction in company management.
7. Data, information and knowledge.
8. Fundamentals of investment mathematics and methodology of investment decision making.
9. Cyber security, cyber risks.
10. Risk reduction and investment evaluation in personal or corporate investment.
11. Risk associated with changing the company strategy.
12. Forecasting - a tool for risk reduction in the economic life of a company.
13. Application of UI tools to the process of risk reduction in projects.
The content of the exercises is practicing lectured topics and elaborating case studies (individually and in groups).


13 hours, compulsory

Teacher / Lecturer