Course detail

Enterprise risk management

FP-SrrpPAcad. year: 2026/2027

In an ever-changing business environment, encountering risk is inevitable. The ability to manage these increasingly significant risks is now the difference between a business thriving and one struggling to meet the challenges it faces. A properly organized and focused risk management process and a strong risk management team will allow you to maintain and strengthen your competitive advantage over your competitors. In addition, studies have shown that financial risk is only the "tip of the iceberg", as almost 80% of key risks are not insurable. This critical 80% of risks must be “insured” internally by a capable risk management team. A enterprise risk management strategy is planned and implemented with the aim of identifying, evaluating and preparing for any potential threats and dangers that the business may face. The key is to realize that risk is not something businesses should avoid – risk is often an opportunity in disguise.

Language of instruction

Czech

Number of ECTS credits

5

Assignment to study programme types

Master's

Mode of study

Not applicable.

Entry knowledge

No prior knowledge is required.

Rules for evaluation and completion of the course

The following requirements must be met in order to receive the course credit:

  1. Completion and submission of an individual seminar paper by the specified deadline.
  2. Oral presentation and defence of the individual seminar paper.

A maximum of 50 points can be awarded for the course credit. To receive the credit, students must obtain more than 30 points.

The final examination takes the form of a written test (maximum 50 points). The final grade is determined by the total number of points obtained from the course credit and the final examination.

The same requirements apply to students with an Individual Study Plan (ISP). The deadline for submitting and presenting the seminar paper, as well as the date of the written examination, will be arranged individually with the instructor.

Aims

Enterprise risk management deepens students' knowledge not only of business risk management topics, but also of strategic risks (including tools for linking strategy and risk, integrating risk management into the strategic architecture of the enterprise, scenario planning, war games and risk ownership maps); risk assessment techniques (including the selection and use of various techniques during the risk management process, probabilistic and other quantitative risk assessment techniques); risk transfer (including insurance, reinsurance). Students will acquire the skills to identify, evaluate and manage various business risks that could adversely affect the implementation of the company's strategy.

Study aids

Study support is prepared and published lectures, including additional exhibited materials and further recommended literature.

Prerequisites and corequisites

Not applicable.

Basic literature

FRASER, John R. S., Rob QUAIL a Betty J. SIMKINS. Enterprise risk management: today's leading research and best practices for tomorrow's executives. Second edition. Hoboken, New Jersey: John Wiley & Sons, [2021]. ISBN 9781119741480. (EN)
HAMPTON, John J. Fundamentals of Enterprise Risk Management. AMACOM, 2009. ISBN 9780814414927 (EN)
LAM, James. Enterprise risk management: from incentives to controls. Second edition. Hoboken, New Jersey: Wiley, 2013. ISBN 978-1-118-83443-5. (EN)
JANKOVÁ, Z. Řízení rizik v podniku. Brno, Česká republika: Akademické nakladatelství CERM, 2024. s. 1-198. ISBN: 978-80-214-6291-5. (CS)
RAIS, K., DOSKOČIL, R.: Risk management. 1.vyd., CERM s.r.o, Brno, 2007, 152 s., ISBN 978-80-214-3510-0 (CS)

Recommended reading

Not applicable.

Elearning

Classification of course in study plans

  • Programme MGR-SRP Master's 2 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

1) Enterprise Risk Management (ERM)

2) External situational analysis of the company in the context of risk management

3) Internal situational analysis of the company in the context of risk management

4) Strategic change

5) Identification of risks and their classification

6) Risk analysis and quantification

7) Evaluation and response to risk

8) Monitoring, control and review of risks

9) Communication and risk reporting

10) Creation of a risk profile and an action plan of the company

11) Current topics in ERM

12) Consultation on seminar work

Exercise

13 hours, optionally

Teacher / Lecturer

Syllabus

The exercises focus on developing competencies in the identification, analysis, and assessment of business risks, with a practical output in the form of a semester project aimed at creating a risk profile of a selected enterprise.

  1. Introductory session and assignment of the seminar paper

    • explanation of the seminar paper requirements and division into project components

  2. Strategic situational analysis of the enterprise in the context of risk management

    • application of strategic analysis methods to the selected enterprise

  3. Change management and risk identification

    • identification of enterprise risks and their incorporation into the project

  4. Risk analysis, assessment, and treatment

    • application of methods for analyzing and assessing risks

    • proposals for measures to reduce or eliminate risks within the project

  5. Development of the enterprise risk profile – project output

    • integration of previous parts into a comprehensive risk profile

    • project finalization

  6. Presentation of the seminar paper, 

    • oral presentation and defense of seminar paper

Self-study

61 hours, optionally

Teacher / Lecturer

Individual preparation for an ending of the course

30 hours, optionally

Teacher / Lecturer

Elearning