Course

Enterprise Risk Management (RIS650)

Facts

Course code RIS650

Credits (ECTS) 10

Semester tution start Autumn

Language of instruction English

Number of semesters 1

Exam semester Autumn

Time table View course schedule

Literature The syllabus can be found in Leganto

Introduction

The course teaches basic principles of enterprise risk management (ERM) based on recent advances in risk science.

Content

NB! This is an elective course and may be cancelled if fewer than 10 students are enrolled by August 20th for the autumn semester.

The course addresses risk, uncertainty, knowledge, and performance in an enterprise risk management (ERM) and business context. Important topics are ERM frameworks; uncertainties and the potential for surprises; ERM integrating with strategy and performance; and integration of complementary concepts like robustness, resilience, and vulnerability.

Learning outcome

After passing this course, the students should:

Knowledge

  • have in-depth knowledge of enterprise risk management (ERM) principles and frameworks
  • have knowledge of theories, methodologies and concepts related to ERM
  • understand the importance of considering risk in the strategy-setting process
  • have knowledge about types of risk commonly addressed in ERM

Skills

  • have the ability to apply principles and frameworks of ERM
  • have the ability to perform risk management work in an enterprise and business context

General competence

  • strengthen the ability to communicate challenges and solutions related to enterprise risk management

Required prerequisite knowledge

None

Recommended prerequisites

Foundations of Risk Analysis and Risk Science (RIS505)

Exam

Semester assignment

Weight 1/2

Duration 1 Semesters

Marks Letter grades

Aid All

Withdrawal deadline 20.10.2025

Written exam

Weight 1/2

Duration 4 Hours

Marks Letter grades

Aid None permitted

Exam system WISEflow

Withdrawal deadline 21.11.2025

Exam date 05.12.2025

Both semester assignment and written exam must be passed in order to receive a final grade in the course.

The written exam is given as a digital exam in Inspera.

The semester assignment starts in the beginning of the semester with deadline late October/early November. The project work is carried out in groups.

Continuation opportunities are not offered on the semester assignment. Students who do not pass the project assignment can take this part again the next time the subject has regular teaching.

Method of work

Lectures, self-study and semester assignment

Open for

Open to all master students at UiS.

Admission requirements

Must meet the admission requirements of one of the study programmes the course is open for.

Course assessment

The faculty decides whether early dialogue will be held in all courses or in selected groups of courses. The aim is to collect student feedback for improvements during the semester. In addition, a digital course evaluation must be conducted at least every three years to gather students’ experiences.

Contact

Head of Department:
Tore Markeset
Course coordinator:
Lasse Berg Andersen

Offered by

Faculty of Science and Technology

Department of Safety, Economics and Planning

The course description is retrieved from FS (Felles studentsystem). Version 1