Sustainably and effectively preparing an organization at all management levels for an uncertain future and aligning it accordingly is the essence of risk management. This requires risk management to be implemented across the entire enterprise in the operational and strategic structures as well as in the central key functions of the organization so that they can all be networked and controlled as a whole. The master's degree program provides the skills required for this task. As a graduate you will be able to develop and implement a comprehensive risk management system, fill key positions and support the management as a business partner in strategic decisions.
Brigitta HofmannMag. Josef RuhFavoritenstraße 226, B.3.11 1100 ViennaP: +43 1 606 68 77-2175 F: +43 1 606 68 77-2159 email@example.com
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1st October 2017 to 15th May 2018
Studienbeitrag / Semester
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You stand out with your constructive, integrated thinking and solution-oriented approach. Your strengths include moreover a systematic approach to an uncertain future and the ability to think outside of the box. "Nothing is impossible" is more than just an empty phrase for you; it motivates you to proactively and analytically detect potential threats, hazards and risks even in a complex context, to analyze and to develop comprehensive strategies. The challenge of operationally and strategically anchoring risk management in a company excites you. You possess fundamental knowledge of business administration or process and quality management.
We offer you an academic education that is oriented towards the needs of the business sector following a didactic concept adapted for part-time study.
Over the years we have established a strong network of representatives from business, politics and special interest groups that we have expanded and strengthened through a strategic partnership with the Institute of Internal Auditors Austria (IIA Austria). Thus in our teaching and research we can draw on experts from the industry with international experience and conduct joint research projects in which we focus on further developing innovative management approaches. In addition, we also support partners from profit and non-profit organizations in an advisory capacity in their projects, for example in 2014 we helped the Province of Burgenland develop a security strategy. We are one of the first universities to implement the "Three Lines of Defense" model in our education.
With this part-time degree program you will receive an education that is unique among the German-speaking countries and combines risk management with business management, process and quality management and internal audit expertise. Integrated risk management is an education that can be applied in a wide range of business sectors including profit and non-profit organizations, small and medium enterprises as well as large corporations, providing you with excellent career opportunities. In addition, you have the opportunity to acquire internationally recognized certificates. The innovative approach of the degree program follows “The Three Lines of Defense” model, which sets new standards in risk management and serves as the basis for a functioning control and monitoring system for businesses.
Performance indicators are an essential tool in risk management. It requires both the development of financial and procedural indicators. To meet these requirements, different focuses are set in the first semester:
In the following semesters, you will learn various qualitative and quantitative analysis methods. Thus you will learn to identify potential hazards to analyze operational and strategic risk situations and to develop multidisciplinary approaches to a complex environment. Finally, you will learn to evaluate and improve the effectiveness of risk management, the controls and the management and monitoring processes from the perspective of the internal audit. You will acquire the basic authorization for the certificate as a certified internal auditor.
Lector: Hon.Prof.(FH) Mag. Albert Walter Huber, CEFA
Fundamentals for understanding operational accounting and the different tasks of accounting, cost accounting, cash flow and liquidity, P&L, using balance sheet information, evaluating corporate profits, budgets.
Module examGrading scale (very good – good – satisfactory – sufficient – not sufficient)
Distance learning, classroom attendance.
Lector: Mag. Josef Ruh
Fundamentals of morality and ethicsSelected ethics modelsEthics in practice
Module examGrading scale (Successfully completed - unsuccessfully completed)
Distance learning, classroom attendance
Lector: Mag. Dr. Bardia Michael Monshi, DI Felix Widmayer, Master
Leadership & management, evolutionary leading with emotional and social intelligence, mindful business or the power of mindfulness
Lector: Dr. Thomas Funke, Mag. Josef Ruh
Teamwork, HR strategies and HR work in start-ups, organization, corporate development, strategy, leadershipMarketing, Public Relations, SalesLegal forms, financial planning, business valuation
Distance learning, project course
Lector: Dr. Thomas Funke
Understanding of integrated entrepreneurial thinking and innovation, overview of financing and investors for innovative projects, entrepreneurship models and principlesBusiness plan and business model overview, introduction to the revenue model, introduction to product development and designDetermination of customer benefits and customer segments, customer development and seeking launch customers, definition of the market and setting the pricing strategy, competitive analysis and positioning (USP)
Lector: Mag. Nina Klug
Legal basisICS standards and basic conditionsTerms and definitions, boundariesICS design, implementationPractical comprehension of the theory on the basis of a virtual company
Lector: Zoran Kostic, MA
Fundamentals of management, management tasks and control devices, the St. Gallen management model, organizational structures and organizational design, planning and management of results-based objectives.
Lector: Zoran Kostic, MA, Mag. Clemens Österreicher, Mag. Josef Ruh
Fundamentals of organizational design, organizational theory from classical through to modern times, the approaches of Weber, Taylor, Fayol and systems theory approaches in the discourse.
Grading scale(very good – good – satisfactory – sufficient – not sufficient)
Lector: Dipl.-Kfm. Dr. Martin Frentz, M.P.A., Dr. Thomas Funke, FH-Prof.in Mag.a Claudia Körmer
Independently working on a comprehensive practical problem relating to business plans
Independently working on a practical problem relating to balance sheet analysis.
Distance learning, project course.
Lector: Ing. Herbert Dvorak, MBA, Ing. Thorsten Friedl, BA BSc MSc, Dipl.-Ing. Wolfgang Kastner
Independently working on a comprehensive practical problem relating to process and quality management
Lector: Ing. Herbert Dvorak, MBA
Independently working on a comprehensive practical problem relating to process design
Fundamentals of process design, process types, the structure and role structure of process management, the process lifecycleProcesses identification-analysis-design-implementation, process visualisation
Lector: Ing. Herbert Dvorak, MBA, Mag. Ines Schubiger
Integration of process and quality management in companies based on the ISO 9001 and ÖNORM A9009, delineation of structure versus process orientation, process measurement and process control, moderation and communication as part of process design and implementation, process optimization measures
Lector: Zoran Kostic, MA, Dr. Reinhard Preiss
Fundamentals of risk management in conjunction with quality management, under consideration of synergistic interfaces, Risk analysis methods in the quality risk management approach
Lector: Ing. Herbert Dvorak, MBA, Dipl.-Ing. Klaus Hintler
Process model in ISO 9001, ISO 9001 as a tool and checklist Statistical quality management, process-oriented audits based on ISO 9001, roles in quality management, system design and integration, structuring of continuous improvement.
Lector: PD Dr.Dr. Dipl.-Psych. Guido Strunk
Structuring of data and facts according to their contexts.Analysing circular causal processes.Identification of dynamics and systems, description and appropriate interventions.
Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient)
Lector: Ing. Andreas Benedetter, BSc, MA, Mag. Thomas Hofer, FH-Prof.in Mag.a Claudia Körmer, Mag.a Dr.in Beatrice Preßl, Mag. Josef Ruh, Dipl.-Ing. Claudia Steiner-Widmayer, DI Felix Widmayer, Master
Independently working on a comprehensive practical problem relating to risk management
Lector: Ing. Andreas Benedetter, BSc, MA
Risk-oriented scenario analysis, Porter's industry structure analysis, risk-based qualitative business segment analysis, qualitative indicators development, the interaction of qualitative and semi-quantitative analysis
Lector: MMag. Dr. Astrid Nöbauer, Dipl.-Ing. Claudia Steiner-Widmayer, DI Felix Widmayer, Master
Concepts for initial analysis, methods of quantitative risk management and their applicationThe strengths and weaknesses of various methods
Dimensions of risk conceptsRisk perceptionDecision-theoretical fundamentalsRisk ethics perspectives
Lector: Ing. Andreas Benedetter, BSc, MA, Ing. Mag. Martin Heiss, Mag. Thomas Hofer, Dipl.-Ing. Christoph Jördens, Mag. Philipp Kroupa, Dr. Friedrich Vodicka
Application of risk management process in accordance with the underlying standards as an integrated function in the relevant control units of organizations, process-oriented interfaces to ICS, control-specific interfaces for controlling, system-relevant interfaces for internal audit; integrated monitoring and reporting systems to manage a holistic approach to risk management, the three lines of defence model as a system approach
Module examGrading scale: (very good – good – satisfactory – sufficient – not sufficient)
Lector: Mag. Nadzeya Hryshachkina, Mag. iur. Ekaterina Pisaroglo, PD Dr.Dr. Dipl.-Psych. Guido Strunk
The application of systems theory - synergetics, a theory for understanding complex change processes. Synergetics methods as metrics for stability, feedback loops as a tool to introduce change processes.
Lector: Dipl.-Ing. Robert Lampl
Definition, characteristics and stages of negotiation, setting negotiating goals, techniques of negotiation, objection handling, the Harvard model, specifics of negotiation in an intercultural environment, application through case examples.
Module examGrading scale: very good - good - satisfactory - sufficient - not sufficient
Lector: Mag. Karin Gastinger, MAS, Mag. Norbert Wagner, Martin Wolf, LL.B, MA
IT auditing, ICS auditing, RMS auditing, process auditingAccounting, procurement and cash management, assessment, investments, audit of outsourcing, management audits. Case study of a concrete audit.
Lector: Dr. Michael Breitenfeld, Mag. Robert Ertl, Dr. Armin Toifl
The role of compliance management in companies, the content of ISO 19600: 2014 "Compliance management systems - Guidelines," compliance regulations in existing management systems (Quality - Environment - Security), the main legal fundamentals in the operational field of ensuring compliance: Search - Documentation - Reporting
Lector: Mag. Thomas Schelmbauer
Lector: MMag. Christoph Blaha, MBA
Strategic controlling, cost and performance managementFinancial and investment management, integrated financial planning
Lector: FH-Prof. DI Martin Langer
the relevant legal regulations and standards, hazard scenarios (for example, crime, industrial espionage, etc.), recognizing typical patterns, the strengths and weaknesses of different methods of risk analysis, context, threat, vulnerability and impact analyses, specific risks related to economic protection and phenomenological information security
Lector: Karl Preßl, BSc MA MSc, Marian Zefferer, BSc.
Tools for structuring, problem-solving and visualization techniques in professional practice
Lector: Prof. Dr. Peter Hauser, Mag. Ines Schubiger, Mag. Norbert Wagner
Fundamentals of internal corporate monitoring and the "Three Lines of Defence" model, definition of internal auditing and its features, differentiation from ICS, RMS and compliance, external and internal frameworks depending on legal form, size and scope of the organization, international professional ethics, auditing psychology, conflict management and escalation mechanisms
Lector: Prof. Dr. Peter Hauser, Mag. Norbert Wagner
Independently working on a comprehensive practical problem relating to internal auditing
Lector: Thomas Staudacher, Bakk., Mag. Norbert Wagner, Mag. Ulrich Weber
Planning of audits/consultancy services in the medium and short term, resource planning, unscheduled audits, demarcation auditing and planning, specific audit preparation, evaluation of RMS resources, controlling and compliance function, information collection, information evaluation, documentation, reporting, concluding discussions, techniques such as analysis, sample and process testing, tools and techniques, definition of measures, evidence and follow up audits.
relevant legal regulations of safety management, detection/description/analysis and evaluation, necessary basic knowledge of critical parametersdetection, description, analysis and evaluation of hazards that stem from infrastructure (storage of hazardous substances, emission of gases, collapse, etc.); cost/benefit analysis of the structure of industrial safety in an organization, integration into existing operational structures, interfaces to related fields
Lector: Bernhard Hötzel, Marion Hötzel
Meditation, body awareness, breathing and relaxation techniques, self-confidence
Lector: Prof. Dr. Peter Hauser, Dr. Helmut Salomon, Mag. Norbert Wagner, Martin Wolf, LL.B, MA
Manifestations of economic crime, detection methods, cooperation between external and internal bodies, prevention policies and strategies, the role of internal auditing in detection and prevention, the forms, limits and possibilities of whistleblowing, the role of internal auditing in the whistleblowing process as beneficiary, victim, perpetrator or part of the process.
Lector: Anna Dorfner, BA MA, FH-Prof. Dipl.-Inform. Timo Kob, FH-Prof.in Mag.a Claudia Körmer, Mag. Dr. Hans Lampalzer, MA, FH-Prof. DI Martin Langer, Aldric Ludescher, Mag.a Dr.in Beatrice Preßl, Mag. Ines Schubiger, PD Dr.Dr. Dipl.-Psych. Guido Strunk, Martin
Topics for the Master's thesis, the research process and methodology
Lector: Mag. Bernhard Lauring, Ing. Mag. Stefan Rakowsky, MSc, PD Dr.Dr. Dipl.-Psych. Guido Strunk
The philosophy of science, principles, methods and applications of research methods
Lector: Kai Mettke-Pick
Fundamentals of BCM as a management system, analysis of operations and the effects of disturbances and emergencies (business impact analysis), development of a continuity strategy and BCM processes
Module examGrading scale (successfully completed – unsuccessfully completed)
Lector: BA Anja Christensen, BA, FH-Prof.in Mag.a Dr.in Andrea Zimpernik
Reading, writing, listening and speaking in English.
Module examGrading scale (Pass – fail)
Lector: Anna Dorfner, BA MA, FH-Prof.in Mag.a Claudia Körmer, Mag. Dr. Hans Lampalzer, MA, FH-Prof. DI Martin Langer, Mag.a Dr.in Beatrice Preßl
Formulation of a research question (operationalization, formation of objectives,); production of individual sections or status updates of the thesis/master thesis;Critical discussion and reflection of their own and other work and defence of their own research approach
Definitions of emergency and crisis, raising alarms, staff work, crisis communications, actual incidents
Module examGrading scale (pass – fail)
Lector: FH-Prof. DI Martin Langer, LektorIn PlatzhalterIn 1, Mag. Josef Ruh, Martin Wolf, LL.B, MA
Case studies on management, risk management and internal auditing
Lector: Dr. Alasdair Marshall, Dr. Andrea Minto, Mag. Josef Ruh
Lectures, workshops on organization, process and quality management, business administration, risk management, complexity and internal auditing
Writing the Master's Thesis
Timesevery two weeks, allday, blocked on weekends
Language of InstructionGerman
The master's degree program prepares you for management and staff positions in international corporations as well as in small and medium enterprises. In these functions, you will consult the management strategically in the development of new business fields and the further development of the company. With your widely diversified education you have the advantage of being able to take on various management functions in companies such as risk management, controlling, compliance and auditing. In addition, you will be able to establish a comprehensive control system from the ground up, as well as all the required processes.
The basic requirement is a bachelor or graduate studies degree at a university with a total of 180 ECTS. Graduates of business administration degree programs and the bachelor’s degree program Integrated Security Management meet this prerequisite.
Graduates of other disciplines need proof of sound knowledge in the fields of process and quality management that they have acquired as part of a bachelor or graduate degree or from relevant institutions. You must possess sufficient knowledge of German and basic knowledge of English in order to be able to understand the lectures.
To apply you will require the following documents:
Please noteIt is not possible to save incomplete online applications. You must complete your application in one session. Your application will be valid as soon as you upload all of the required documents and certificates. In the event that some documents (e.g. references) are not available at the time you apply, you may submit these later via email, mail or in person by no later than the start of the degree program.
Studiengangsleiter T: +43 1 606 68 77-2151 firstname.lastname@example.org
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