Course Schedule

Week 1Week 2Week 3Week 4Week 5Week 6Week 7Week 8Week 9Week 10

 

Weeks/Dates Topics Real World Item Readings & Assignments Due
Week 1
  March 26
Administrative items, overview of course design and expectations. What is Operational Risk? Real World: Enron Dickstein & Flast, Ch 1-3
Week 2
April 2
An Operational Risk Framework Real World: British Petroleum Dickstein & Flast, Ch 4-6
Week 3
April 9
A Risk Based Approach Real World: Insider Fraud Dickstein & Flast, Ch 7-9
Week 4
 April 16
IT Risk
Guest Lecturer Michael Isensee, KPMG
Real World: East Coast Power 2003 Paper #1 due April 18th.
 Dickstein & Flast, Ch 10-12
Week 5
April 23
Operational Risk Tools Cyber Threats
CISO Dave Matthews, Guest Speaker
Dickstein & Flast, Ch 13-15
Week 6
  April 30
Unknown or Uncommunicated Risks Real World: 2008 Financial Sector Meltdown
Bill Longbrake, Guest Speaker
Stultz & Tinseley articles
Week 7
May 7
Risk and Uncertainty Real World: Haiti, Chile and Japan
Guest Lecturer: Bill Steele UW Seismographic Lab

PWC white paper and Taleb article

Paper #2 due May 9th.

Week 8
May 14
No class: Library Assignment   Working on final presentation and finish all articles!
Week 9
  May 21
Review & Rollup: Crises and Catastrophes Mike Howard, Microsoft, Guest Speaker Work to finish final presentation
Week 10
May 28
Memorial Day Holiday    
Week 11
  June 4
FINAL Presentations   Written & verbal presentations due.

Grading will be weighted as follows:

Class participation 5% One paragraph/one minute write-ups 5% (best five will be averaged)

Paper #1 25% Paper #2 25%

Final presentation Verbal presentation 20%

Written background for verbal preso 20%

Class Participation 5%

Students will be expected to complete assigned readings prior to each class. This class requires that students participate in and contribute to class discussions. Students may be called upon to share their views on course readings and material presented in class by the instructor or by other students. Students are encouraged to bring cases and examples currently occurring in the business and economic environment to enrich class discussions.

One paragraph/one minute write-ups 5%

At the end of each class session students will submit a "one minute/one paragraph" paper to the instructor, describing their major learning from that session. It should be no more than a brief paragraph and submitted via catalyst. This assignment is due by midnight on the day of the class session. The best of five such paragraphs will be averaged for the 5% of the overall grade

Final Presentation 40%

There are two parts to the final presentation you will make for this course. One is the background research document and case you put together in order to construct the verbal presentation, which will be 20% of the grade. The other is the power point presentation you put together to present to the class on the last day of class, which will be the other 20% of the grade. Please note also that one course period (May 14) will be utilized for work in the library so that the research can be properly grounded and in depth. We will talk more about this final assignment as we go through the course, and refine the parameters as we go.

Paper #1 25%

In 3-5 pages, invent a company and describe it in full enough detail (structure and mission of organization, how long in business, executive team, governance structure) to then identify potential operational risk control failures in at least two areas -- people, process, systems, external events. Describe how you identified the failure and what the best path is for mitigation.

Paper #2 25%

Go back and take another look at your imaginary company. Revenues have slipped and budget reductions are in order. You are asked to consider offshoring part of your operation to save money and reduce employee head count.

Identify any areas of your company that you see could be eligible for such a move. Determine and discuss the risk involved in moving such areas, and how you would mitigate the risk. [Or do the analysis and then argue why it is not possible to move any portion of your company offshore.]

Prepare a 3-5 page paper that could be presented to your CEO that would fully brief on the process you used, and the controls you examined, as well as the risk associated with the recommendation(s) you are making.

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Last updated: Monday, 30-Apr-2012 14:32:37 PDT
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