This is a three-credit graduate level course and is one of several electives in the Homeland Security Leadership program. The Homeland Security Leadership program is part of the online Master of Professional Studies (MPS) degree offered through the University of Connecticut 's Center for Continuing Studies.

The developer of this course is Richard Paton.

Course Title:	Special Topics: Global Enterprise Risk Management
Credits:	3
Instructor:	Richard Paton, MS, MBA E-mail: richard.paton@uconn.edu

This is a special topics course. It is designed to provide students with a thorough knowledge for the practical application of risk management principles, techniques and methods utilized by large corporate and governmental organizations. The course will emphasize risk at the strategic and enterprise level in a global context reflecting the emergence of globalization and the risks encountered in international business and monetary transactions, commerce and transportation. Students will apply methods utilized in risk management to identify, analyze, evaluate, control, manage, forecast and finance global enterprise risks. Operational risks common to large business and government organizations and ways of transferring and funding risks are explored. The role of risk management in the prevention of loss and preparedness through risk identification and control is emphasized. Students will synthesize these same risk management techniques in new applications in the enterprise security and homeland security sectors. The goal of the course is to enable the student to be competent in global enterprise, risk management and to apply this science to new applications in homeland security within businesses, large organizations and government agencies.

By the conclusion of the course, students should be able to:

1. Create a strategic risk management and control plan for a specified business, organization, government agency, or industry by applying the key principles of global, enterprise risk management presented in the course.

2. Develop risk management applications and solutions based on statistical and operational risk management techniques used to classify, prioritize, and forecast losses.

3. Develop a risk funding model and pro-forma budget for a specified strategic risk management and control plan.

4. Propose the application of risk management techniques to counter or control at least three terrorism risks identified for a specific organization, company, community, or industry.

Course Participation

Course participation is required. You are expected to participate in meaningful and relevant discussions of the material covered in each module and to pose questions and provide constructive feedback to your fellow students and the instructor. Brief comments such as “I agree” or “I concur” etc. are not acceptable.

In addition, each module contains mini assignments that count towards your course participation. You are to complete and submit these individual assignments to achieve full credit for course participation.

Two Case Study Analyses

During the course, three or four case studies will be assigned for reading and discussion. You are to select and perform a detailed written analysis of any two cases. Written analyses must be submitted prior to the opening of the discussion on the case. Your analysis must include a brief scenario of the situation, major questions, weakness or issues identified in the case, and an analysis of the facts and data. This must be followed by a description of the identified risks, your analysis of the risks, and specific risk management recommendations. The specific requirements for each case study will be posted in the course.

Final Research Paper or Project

This may be conducted as a group or as an individual project or paper. One page proposals must be submitted outlining the topic and proposed members of the group. No more than three (3) individuals may comprise a group. The paper must be based upon your research of a specific business, organization government agency, or industry by applying the key principles and methodology of global enterprise risk management and constructing a strategic risk management and control plan which addresses key risks (including a risk funding plan with a pro-forma budget). The specific requirements for this project will be posted in the course.

Course Requirements	Percetage of Final Grade
Course Participation (Module Discussions & Assignments)	30%
Two Case Study Analyses (2 @ 15% each)	30%
Final Research Project	40%

Final letter grades for this course will be determined based on the following scale:

Grade	Letter Grade	GPA
97-100	A+	4.3
93-96	A	4.0
90-92	A-	3.7
87-89	B+	3.3
83-86	B	3.0
80-82	B-	2.7
77-79	C+	2.3
73-76	C	2.0
70-72	C-	1.7
67-69	D+	1.3
63-66	D	1.0
60-62	D-	0.7
<60	F	0.0

 

You are responsible for acting in accordance with the Student Code, available at http://www.dosa.uconn.edu/student_code.cfm?from=im&fn=Judicial%20Affairs.

This course text may be purchased locally or through an online bookstore.

Required Text
Trieshmann, J.S., Gustavson, S.G., & Hoyt, R.E. (2001). Risk and Insurance Management (11th ed.). Cincinnati: South-Western College Publishing, Thomson Learning.  ISBN-10: 0324016638  or ISBN-13: 978-0324016635 [Note: Make sure to purchase the 11th edition.]

Required Harvard Business School Cases
These required cases and articles can be purchased directly from HBS press at: http://harvardbusinessonline.hbsp.harvard.edu/hbsp/index.jsp

• Roberto, M.A., Bohmer, R.M.J. & Edmonson, A.C. (2006, November). Facing ambiguous threats. Harvard Business Review, (Reprint R0611F).
• Mitroff, I.I., & Alpsian, M.C. (2003, April). Preparing for evil. Harvard Business Review, (Reprint R0304J).
• Roberto, M.A.; Perlino, E.M. (2004). Massport (A): The Aftermath of 9/11. Harvard Business School Case Study 9-304-081 (rev.2004, 14 June). Boston: The President and Fellows of Harvard College.
• Moss, D. & Brennan, S. (2003, March). Insurer of last resort? The federal financial response to september 11. Harvard Business School Case Study 9-703-041. Boston: The President and Fellows of Harvard College.
• Watkins, M. (2001, September). Assessing your organization's crisis response plans. Harvard Business School Case Study 9-902-064 (2001, 19 September). Boston: The President and Fellows of Harvard College. (Added 2/8/08).

Continue to check the list of required Harvard Business School articles and cases, as additions may be made. The last update was on February 8, 2008.

Recommended Harvard Business School Case

• Michelman, P. (2005, May). A framework for risk management. Harvard Business Review: Supply Chain Strategy, (Reprint PO505D).

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Module 1: Risk Characteristics and Management Process in a Global Market

Module 2: Risk Management Protocol, Financial Statements & Loss Analysis

Module 3: Principles of Insurance and Insurance as a Risk Management Vehicle

Module 4: Risk Control and Choosing Risk Management Treatments

Module 5: Political Risk, FDI, FX and Foreign Trade Risks, and Manufacturing Risks

Module 6: Property and Liability Commercial Risks

Module 7: International Monetary Systems, International Trade Systems, and Global Risks

Module 8: Workers Compensation and Alternative Risk Financing

Module 9: Worldwide Insurance Markets, Integrating the Risk Management Process, and Risk Funding

Module 10: Independent Research for Final Papers and Projects and Course Final Discussions

Students will be provided an opportunity to evaluate instruction in this course using the University's standard procedures, which are administered by the Office of Institutional Research.