Republic of the Philippines
PALAWAN STATE UNIVERSITY
College of Business and Accountancy
Risk Management
2nd Semester SY 2023-2024
Course outline:
Reorientation of the Vision, Mission, Core Values and Quality Policy of the University
Lesson 1: Introduction to Risk Management
1.1 Impact of Risk on Organization
1.2 Types of Risks
1.3 Scope of Risk Management
1.4 Principles and Aims of Risk Management
Lesson 2: Approaches to Risk Management
2.1 Risk Management Standard
2.2 Establishing the Context
2.3 Enterprise Risk Management
2.4 Alternative Approaches to Risk Management
Lesson 3: Risk Assessment
3.1 Risk Assessment Consideration
3.2 Risk Classification System
3.3 Risk Analysis and Evaluation
Lesson 4: Financial Market Risks
6.1 Foreign exchange Risks
6.2 Credit Risks
6.3 Market Risks
6.4 Political Risks
6.5 Operational Risks
Lesson 5: Risk Response and Strategy
5.1 Tolerate, Treat, Transfer and Terminate
5.2 Risk Control Techniques
5.3 Insurance and Risk Transfer
Vision: An internationally recognized university that provides relevant and innovative education and research for lifelong learning and sustainable development.
Mission: The Palawan State University is committed to upgrade the people’s quality of life by providing education opportunities through excellent instruction, research and innovation, extension, production
services, and transnational collaborations.
Quality Policy: We Provide equal opportunities for relevant innovative, and internationally recognized higher education programs and advanced studies for lifelong learning and sustainable development. We
Strongly commit to deliver excellence in instruction, research, extension, and transnational programs in order to meet the increasing levels of stakeholder demand as well as statutory and regulatory
requirements. The University shall continually monitor, review and upgrade its quality management system to ensure compliance with national and international standards and requirements.
Palawan State University, Brgy. Tiniguiban, Puerto Princesa City, Palawan, 5300, Philippines
cba@psu.palawan.edu.ph www.psu.palawan.edu.ph
5.4 Risk management responsibilities
5.5 Control of selected hazard risks
Lesson 6: Risk Culture and Assurance
6.1 Risk-aware culture
6.2 Importance of risk appetite
6.3 Risk training and communication
6.4 Risk assurance techniques
6.5 Internal audit activities
Course requirements:
Attendance
Quizzes
Major exams (midterm and finals)
Reflections on the Lessons/Risk Management Plan by Business Establishments
Reporting
Class standing
Tentative FG
Final Grade
Prepared by:
EVELYN B. TOMAS, Ph.D., LPT
Associate Professor
