Risk management process and benefits

Risk management process and benefits

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 2: Risk Identification and Management

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of risk management process and benefits.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Risk management: Meaning and objectives
• Steps in the risk management process
• Benefits of risk management
• The changing scope of risk management

Detailed Microsyllabus

1. Risk-management foundations

   1. Meaning and objectives.
   2. Changing scope of risk management.
   3. Benefits and practical limits.

2. Process

   1. Identify, assess and select responses.
   2. Implement and monitor.
   3. Review outcomes and changing exposures.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.