Thomas College

Course Information

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Number:MG432
Name:Managerial Risk Analysis and Decision Making
Description:Managers need to understand how they personally value risk in order to recognize the potential impact their behavior may have on organizations and stakeholders. They need to be able to foster sound processes in group environments. The course will include approaches to optimize decision-making and risk analysis to solve problems in different operating environments. This is a qualitative course covering a framework for making decisions, as well as understanding how these decisions can be used to manage risk. Contemporary techniques such as TRIZ, KT, McMaster, and others are explored.
Credit(s):3
Offered (DAY schedule):
Instructor Permission Required:Y
Pre-Requisite(s):
PM minor, or approval.

Course Objectives

Students completing this course will be able to: Apply risk management and decision theory models. Explore behavioral and economic implications of decision theory models. Evaluate risk analysis and assessment tools. Compare different approaches used by businesses to manage risks and make better decisions. Examine factors that influence decisions and risks in todays global organizations. Develop models that integrate and apply the concepts learned.

Books Previously Used in this Course

Term Year Title ISBN Author Edition Publisher
F 2015 SMART CHOICES HAMMOND 99 PERSEUS D
F 2015 STRATEGIES F/CREATIVE PROBLEM SOLVING FOGLER 3RD 14 PEARSON
S 2014 SMART CHOICES HAMMOND 99
S 2014 STRATEGIES F/CREATIVE PROB.SOLVING-W/CD FOGLER 2ND 08