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RSK 714 - Risk Assessment & Treatment C21 (Online Accelerated)

Academic Credit Value:
3 units
Course Delivery Mode:
Hours of Study:
39 hours
Course Prerequisite(s):
Courses are to be taken in order (RSK 713, 714, 715)
Course Anti-requisite(s):
Instructor Name:
Shannon Devane
Course Dates:
01/27/2020 - 03/22/2020

Required Course Materials:
CRM 55 Risk Assessment and Treatment textbook, 2nd edition & CRM 55 Course Guide, 2nd edition
Optional Course Materials:
Course Description:

This course can be seen as the second course offering and continuation of the introductory course, Risk Management Principles and Practices, of the three part series of risk management courses.  It provides a broad understanding of the assessment and treatment techniques for the major categories of risk faced by all organizations, such as operational, financial, strategic and hazard risks.  The first part of the course takes an enterprise wide approach to risk management by explaining risk assessment techniques such as root cause analysis and continues to detail risk treatment alternatives including risk transfer, in order to manage the downside of risk while pursuing opportunities.  In addition to the traditional risks of property, liability and human resource risks facing all organizations, emerging risks such as cyber risk, social media risk, reputation risk and supply chain risks are discussed and treatment options reviewed.

Learning Outcomes:
The primary learning objective of this course is to gain an understanding of the holistic or enterprise wide approach of risk management, the importance of risk assessment, the tools that are available for an organization in order to prioritize the treatment of key risks, all in an effort to manage effectively any undesirable obstacles to pursuing opportunities and organizational objectives.

In this course you will:
Understand the importance of risk assessment and the risk assessment process in order to improve organizational results
Learn the different tools and techniques that will enable you to identify those risks that require treatment in order to modify identified risks in order to achievegoal(s) and objectives
Describe the evolution of business continuity management and its alignment with risk management
Describe the various categories of risks including emerging risks
Learn the different types of risk treatment techniques
Develop the ability to assess the risk and recommend the most effective and relevanttreatment option(s)

Course Evaluation

The final grade is calculated based on the following components:

            Participation: Group Discussions 10% 

    Quiz #1: Chapters 1-3 10% 

            Quiz #2: Chapters 4-7 10%

            Quiz #3: Chapters 8-11 10%

            Assignment #1: Chapters 1-3 25%

    Assignment #2: Chapters 4-11 35% 


Course Format:

This course emphasizes student participation through group discussions.  It is expected that students will read the assigned chapters per the weekly requirements.

During Week 3, 6, and 8 in the course, you will be required to participate in active discussions with your group. Your participation grade will be based on this work. You will have from the beginning of the week until the end of the week to participate. The goal is to have an active dialogue among course participants. Each discussion question will have a topic/article posted to guide your discussion. 

WEBEX Sessions

During Week 3 and Week 6 of the course, there will be two online WEBEX sessions (similar to Skype) where the instructor will be available for two hours to check in on students' progress in the course, answer questions about Assignment #1, and provide general guidance. Attendance is mandatory, but it is recognized that it may be difficult to arrange a time that works for all students. 

The WEBEX session times will be set up by the instructor after surveying the class to see which date and time works the best for the majority of the class. A recording of the discussion will be posted after the session for the students that were unavailable to attend. 

Peer Reviews

During Week 4 and Week 8 of the course, you will be required to submit a mandatory peer review through the surveys tool in A2L to indicate the participation of group members in the  group discussions. Students with low ratings will have their participation grades adjusted to reflect their lack of contribution. 


Assignment Submission:
Course assignments are submitted to the appropriate A2L Assignment folder by the specified due date
Late Coursework:
Late assignments will be subject to a 2% per day late penalty (includes weekends and holidays) for up to seven (7) days. After this date, no assignments will be accepted and a grade of zero (0) will be applied.  Extensions for course work must be approved by the instructor before the due date (see Academic Regulations below), and will be granted for illness or emergencies only. Students may be asked to submit supporting documentation for an extension request.  

Policy & Procedures:

Academic Regulations (Attendance, Coursework, Tests/Exams):
In accordance to McMaster University’s General Academic Regulations, “it is imperative that students make every effort to meet the originally scheduled course requirements and it is a student’s responsibility to write examinations as scheduled.” Therefore, all students are expected to attend and complete the specific course requirements (i.e. attendance, assignments, and tests/exams) listed in the course outline on or bythe date specified. Students who need to arrange for coursework accommodation, as a result of medical, personal or family reasons, must contact the course instructor within 48 hours days of the originally scheduled due date. It is the student’s responsibility to contact the Program Manager to discuss accommodations and procedures related to deferred tests and/or examinations within 48 hours days of the originally scheduled test/exam, as per policy. Failure to contact the course instructor, in the case of missed coursework, or the Program Manager, in the case of a missed test/examination, within the specified 48-hour day window will result in a grade of zero (0) on the coursework/exam and no further consideration will be granted.

*Note: Supporting documentation will be required but will not ensure approval of accommodation(s).
Academic Integrity
You are expected to exhibit honesty and use ethical behaviour in all aspects of the learning process. Academic credentials you earn are rooted in principles of honesty and academic integrity. Academic dishonesty is to knowingly act or fail to act in a way that results or could result in unearned academic credit or advantage. This behaviour can result in serious consequences, e.g. the grade of zero on an assignment, loss of credit with a notation on the transcript (notation reads: “Grade of F assigned for academic dishonesty”), and/or suspension or expulsion from the university.

It is your responsibility to understand what constitutes academic dishonesty. For information on the various types of academic dishonesty please refer to the Academic Integrity Policy, located at

The following illustrates only three forms of academic dishonesty:
Plagiarism, e.g. the submission of work that is not one’s own or for which other credit has been obtained.
Improper collaboration in-group work.
Copying or using unauthorized aids in tests and examinations.
Academic Accommodations:
Students with disabilities who require academic accommodations must contact the Student Accessibility Centre (SAS) to meet with an appropriate Disability Services Coordinator. To contact SAS, phone 905-525-9140 ext. 28652, or email For further information, consult McMaster University’s Policy for Academic Accommodation for Students with Disabilities.
On-line Elements:
In this course, we will be using on-line elements, which may include email, Avenue to Learn, WebEX, and external web sites.  Students should be aware that, when they access the electronic components of this course, private information such as first and last names, user names for the McMaster e-mail accounts, and program affiliation may become apparent to all other students in the same course. The available information is dependent on the technology used. Continuation in this course will be deemed consent to this disclosure. If you have any questions or concerns about such disclosure please discuss this with the course instructor.
Course Changes:
The instructor reserves the right to modify elements of the course and will notify students accordingly.
Course Withdrawal Policy:
Policies related to dropping a course and course withdrawals are posted to the Centre for Continuing Education’s program webpage, FAQs & Policies ( 
Storm Closure Policy:
In the event of inclement weather, the Centre for Continuing Education will abide by the University’s Storm Closure Policy:, and will only close if the University is closed. All in-class courses, exams and room bookings by internal and external clients will be cancelled if the Centre for Continuing Education is closed. On-line courses will take place as scheduled.
Grading Scale:


Equivalent Grade Point

Equivalent Percentages








































Course Schedule:



Week 1


Chapter 1: Introduction to Risk Assessment and Treatment

Chapter 2: Root Cause Analysis

Watch (Optional)

Watch Instructor Presentations


Week 2


Chapter 3: Business Continuity Management

Chapter 4: Physical Property Risk

Watch (Optional)

Watch Instructor Presentations


Week 3


Chapter 5: Intellectual Property and Reputation Risk

Chapter 6: Legal and Regulatory Risk



Watch Instructor Presentations (Optional)

Instructor Online WEBEX Session #1 – Assignment #1 Overview (Mandatory)


Week 4


Assignment #1


Week 5


Chapter 7: Management Liability & Human Resources Risk

Chapter 8: Environmental Risk

Watch (Optional)

Watch Instructor Presentations


Week 6


Chapter 9: Crime and Cyber Risk

Chapter 10: Fleet Risk



Watch Instructor Presentations (Optional)

Instructor Online WEBEX Session #2 – Assignment #2 Overview (Mandatory)


Week 7


Chapter 11: Smart Products & Risk Management


Watch (Optional)

Watch Instructor Presentations


Week 8


Assignment #2