Integrated Risk Management

Overview

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.

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Duration of course: 4 Semester

Final degree: Master of Arts in Business (MA)

26Study places

120ECTS

Organisational form: part-time

Application period for academic year 2020/21

3^rd October 2019 to 17^th May 2020

tuition fee / semester:

€ 363,36¹

+ ÖH premium + contribution²

¹ Tuition fees for students from third countries € 727,- per semester

² for additional study expenses
(currently up to € 83,- depending on degree program and year)

What you can offer

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.

What we offer you

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.

What makes this degree program special?

Unique education among the German speaking countries
Combination of business and management skills
Internationally recognized certificates: Risk, Process and Quality Manager, Certified Internal Auditor

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.

What you will learn in the degree program

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:

Students with a business background will attend courses in process and quality management
Students with process and quality management experience will attend courses in business studies - business planning

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.

Curriculum

1. Semester

Lecture	SWS	ECTS
Balance sheet Analysis ILV Balance sheet Analysis ILV Lector: Mag. Erwin Vitovec 1.5SWS 3ECTS	1.5	3
Ethics ILV Ethics ILV Lector: Mag. Josef Ruh 1SWS 1ECTS	1	1
Leadership and Management UE Leadership and Management UE Lector: Natalie Brezer, FH-Prof. DI Dr. Martin Langer, Mag. Clemens Österreicher, Mag. Josef Ruh 1SWS 1ECTS	1	1
Business Models and Business Plan Development ILV Business Models and Business Plan Development ILV Lector: Dipl.-Kfm. Dr. Martin Frentz, M.P.A. 3SWS 6ECTS	3	6
Principles of Business Economics ILV Principles of Business Economics ILV Lector: Ing. Herbert Dvorak, MBA, Dipl.-Kfm. Dr. Martin Frentz, M.P.A., DI Stephan Javurek, Mag.(FH) Johann Weber, MBA MPA MA 3SWS 6ECTS	3	6
Internal Control System and Interfaces ILV Internal Control System and Interfaces ILV Lector: Mag.a Ines Schubiger 1SWS 2ECTS	1	2
Management Models SE Management Models SE Lector: Mag. Josef Ruh, PD Dr.Dr. Dipl.-Psych. Guido Strunk 1.5SWS 3ECTS	1.5	3
Organizational Theory SE Organizational Theory SE Lector: FH-Prof. DI Dr. Martin Langer, Mag. Josef Ruh 1.5SWS 3ECTS	1.5	3
Business Economics Project PLV Business Economics Project PLV Lector: Dipl.-Kfm. Dr. Martin Frentz, M.P.A. 1SWS 4ECTS	1	4
Balance sheet Analysis Project PLV Balance sheet Analysis Project PLV Lector: Mag. Erwin Vitovec 0.5SWS 1ECTS	0.5	1
Process and Quality Management Project PLV Process and Quality Management Project PLV Lector: Ing. Herbert Dvorak, MBA, Dr. Roman Käfer, Mag. Josef Ruh, Mag.(FH) Johann Weber, MBA MPA MA 1SWS 4ECTS	1	4
Process Design Project PLV Process Design Project PLV Lector: Ing. Herbert Dvorak, MBA, LektorIn PlatzhalterIn 1 0.5SWS 1ECTS	0.5	1
Process Design ILV Process Design ILV Lector: Ing. Herbert Dvorak, MBA 1.5SWS 3ECTS	1.5	3
Process Management ILV Process Management ILV Lector: Ing. Herbert Dvorak, MBA, Mag.(FH) Johann Weber, MBA MPA MA 2SWS 4ECTS	2	4
Quality Management ILV Quality Management ILV Lector: Ing. Herbert Dvorak, MBA 3SWS 6ECTS	3	6
Quality Risk Management ILV Quality Risk Management ILV Lector: Mag. Gerhard Pöschl, MAS MSc, Mag. Josef Ruh 1SWS 2ECTS	1	2

2. Semester

Lecture	SWS	ECTS
Complexity ILV Complexity ILV Lector: PD Dr.Dr. Dipl.-Psych. Guido Strunk 2SWS 4ECTS Lecture contents Structuring of data and facts according to their contexts. Analysing circular causal processes. Identification of dynamics and systems, description and appropriate interventions. Assessment methods Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient) Teaching methods Distance learning, classroom attendance	2	4
Risk Management Project PLV Risk Management Project PLV Lector: Ing. Herbert Dvorak, MBA, DI Stephan Javurek, Mag. Josef Ruh 1SWS 4ECTS Lecture contents Independently working on a comprehensive practical problem relating to risk management Assessment methods Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient) Teaching methods Distance learning, project course Language German	1	4
Qualitative Research Methods ILV Qualitative Research Methods ILV Lector: Mag. Josef Ruh 2SWS 4ECTS Lecture contents 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 Assessment methods Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient) Teaching methods Distance learning, classroom attendance Language German	2	4
Quantitative Research Methods ILV Quantitative Research Methods ILV Lector: DI Stephan Javurek, DI Christian Plohberger 2SWS 4ECTS Lecture contents Concepts for initial analysis, methods of quantitative risk management and their application The strengths and weaknesses of various methods Assessment methods Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient) Teaching methods Distance learning, classroom attendance Language German	2	4
Risk and Society SE Risk and Society SE Lector: Mag. Josef Ruh 1.5SWS 3ECTS Lecture contents Dimensions of risk concepts Risk perception Decision-theoretical fundamentals Risk ethics perspectives Assessment methods Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient) Teaching methods Distance learning, classroom attendance Language German	1.5	3
Risk Management and Interfaces ILV Risk Management and Interfaces ILV Lector: Ing. Andreas Benedetter, BSc, MA, Ing. Herbert Dvorak, MBA, Dr. Roman Käfer, FH-Prof. Dipl.-Inform. Timo Kob, FH-Prof.in Mag.a Claudia Körmer, Mag.a Dr.in Beatrice Preßl, Dr.in Yvonne Prinzellner, Mag. Josef Ruh, Mag.a (FH) Eva M. Schrittwieser, Mag.a Ines Schubiger, PD Dr.Dr. Dipl.-Psych. Guido Strunk, Martin Wolf, LL.B, MA 3SWS 6ECTS Lecture contents 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 Assessment methods Module exam Grading scale: (very good – good – satisfactory – sufficient – not sufficient) Teaching methods Distance learning, classroom attendance Language German	3	6
Systemic Management ILV Systemic Management ILV Lector: PD Dr.Dr. Dipl.-Psych. Guido Strunk 2SWS 4ECTS Lecture contents 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. Assessment methods Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient) Teaching methods Distance learning, classroom attendance. Language German	2	4
Negotiations Techniques SE Negotiations Techniques SE Lector: Christian Koller 1SWS 1ECTS Lecture contents 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. Assessment methods Module exam Grading scale: very good - good - satisfactory - sufficient - not sufficient Teaching methods Distance learning, classroom attendance Language German	1	1

3. Semester

Lecture	SWS	ECTS
Safety Management ILV	2	4
Compliance in Practice ILV Compliance in Practice ILV Lector: Mag. Thomas Schelmbauer 2SWS 4ECTS	2	4
Area specific Audits ILV Area specific Audits ILV Lector: Mag.a Ines Schubiger, Martin Wolf, LL.B, MA 1.5SWS 3ECTS	1.5	3
Compliance ILV Compliance ILV Lector: Mag. Thomas Schelmbauer 1SWS 2ECTS Lecture contents - Assessment methods - Language German	1	2
Controlling ILV Controlling ILV Lector: MMag. Christoph Blaha, MBA 2SWS 4ECTS	2	4
Corporate Security and Ecomomic Security ILV Corporate Security and Ecomomic Security ILV Lector: FH-Prof. Dipl.-Inform. Timo Kob, Christoph Moser, MA, Florian Polt, BSc, MA 2SWS 4ECTS	2	4
Leadership and Problem solving competence UE Leadership and Problem solving competence UE Lector: Marian Zefferer, BSc. 1SWS 1ECTS	1	1
Internal Auditing and Interfaces ILV Internal Auditing and Interfaces ILV Lector: Mag. Petra Carniel, Mag. Dr. Leo Hemetsberger, Mag. Thomas M. Klein, Mag. Stephan Pichler, Mag. Josef Ruh, Ing. Manfred Scholz, Mag.a Ines Schubiger, Mag. Anton Six 2.5SWS 5ECTS	2.5	5
Internal Auditing Project PLV Internal Auditing Project PLV Lector: Dr. Matthias Kopetzky, Mag.a Ines Schubiger 1SWS 4ECTS	1	4
Audit Planning and Implementation ILV Audit Planning and Implementation ILV Lector: Mag.a Ines Schubiger 1.5SWS 3ECTS	1.5	3
Vital Leadership ILV Vital Leadership ILV Lector: Bernhard Hötzel, Marion Hötzel 2SWS 4ECTS	2	4
Economic Crimea and Whistleblowing ILV Economic Crimea and Whistleblowing ILV Lector: Mag. Georg Jeitler, BA MBA, Dr. Matthias Kopetzky, Mag.a Ines Schubiger 1SWS 2ECTS	1	2
Scientific Project SE Scientific Project SE Lector: FH-Prof. Dipl.-Inform. Timo Kob, FH-Prof.in Mag.a Claudia Körmer, Mag.a Dr.in Beatrice Preßl, Mag. Josef Ruh, Mag.a Ines Schubiger, PD Dr.Dr. Dipl.-Psych. Guido Strunk, Martin Wolf, LL.B, MA 2SWS 2ECTS	2	2
Science Workshop ILV Science Workshop ILV Lector: Mag.a Dr.in Beatrice Preßl, PD Dr.Dr. Dipl.-Psych. Guido Strunk 2SWS 4ECTS	2	4

4. Semester

Lecture	SWS	ECTS
Business Continuity Management SE Business Continuity Management SE Lector: Kai Mettke-Pick 1SWS 1ECTS Lecture contents 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 Assessment methods Module exam Grading scale (successfully completed – unsuccessfully completed) Teaching methods Distance learning, classroom attendance Language German	1	1
Business English ILV Business English ILV Lector: Anja Christensen, BA, FH-Prof.in Mag.a Dr.in Andrea Zimpernik 1.5SWS 3ECTS Lecture contents Grammar: • Comparisons • Hypothesizing, conditionals • Word formation: prefixes, suffixes: forming adjectives, nouns • Present simple & continuous • Talking about the future • Past time • Present perfect & past tenses • Typical mistakes & idiomatic business phrases • Make versus do • Relative clauses • Passives & the causative • Prepositions • Subordinate clauses of result and purpose Business Skills: • Discussing jobs and responsibilities • Professional emailing • Presentation skills: presentation structure, opening & closing, signposting, idiomatic phrases, building rapport, results & trends, Q&A session • Meetings & negotiations: expressing opinions, agreeing & disagreeing, persuading • Text comprehension, film and music input & discussion: humans share a root system, ethics, leadership, risk assessment Assessment methods Your mark consists of these components: • Final exam: 60% • Classroom performance: 20% • E-Learning tasks: 20% Grading scheme: 0 - 59% Grade 5 60 - 70% Grade 4 71 - 80% Grade 3 81 - 90% Grade 2 91 - 100% Grade 1 Teaching methods Distance learning, classroom attendance Language English	1.5	3
Coaching Masterthesis SE Coaching Masterthesis SE Lector: FH-Prof. Dipl.-Inform. Timo Kob, FH-Prof.in Mag.a Claudia Körmer, Mag. Dr. Hans Lampalzer, MA, Aldric Ludescher, Florian Polt, BSc, MA, Mag.a Dr.in Beatrice Preßl, Dr.in Yvonne Prinzellner, Mag. Josef Ruh, Mag.a Ines Schubiger, PD Dr.Dr. Dipl.-Psych. Guido Strunk, Martin Wolf, LL.B, MA 1SWS 1ECTS Lecture contents 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 Assessment methods Module exam Grading scale (successfully completed – unsuccessfully completed) Teaching methods Distance learning, classroom attendance Language German	1	1
Emergency and Crisis Management SE Emergency and Crisis Management SE Lector: FH-Prof. DI Dr. Martin Langer 1SWS 1ECTS	1	1
Integrated Risk Management Workshop SE Integrated Risk Management Workshop SE Lector: Mag. Josef Ruh, Mag.a Ines Schubiger 1SWS 1ECTS Lecture contents Case studies on management, risk management and internal auditing Assessment methods Module exam Grading scale (Successfully completed - unsuccessfully completed) Teaching methods Classroom attendance Language English	1	1
International Weekend SE International Weekend SE Lector: Mag. Matej Drascek, Mag. Josef Ruh 3SWS 3ECTS Lecture contents Lectures, workshops on organization, process and quality management, business administration, risk management, complexity and internal auditing Assessment methods Module exam Grading scale (Successfully completed - unsuccessfully completed) Teaching methods Classroom attendance Language English	3	3
Masterthesis MT Masterthesis MT Lector: FH-Prof.in Mag.a Claudia Körmer 0SWS 20ECTS Lecture contents Writing the Master's Thesis Assessment methods Module exam Grading scale (very good – good – satisfactory – sufficient – not sufficient) Teaching methods - Language German	0	20

Times
every two weeks, allday, blocked on weekends

Language of Instruction
German

Career opportunities

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.

Enterprise risk management
Internal revision
Risk-oriented controlling
Compliance
Internal control systems (ICS)
Process management

Process-oriented risk management
Quality management
Quality risk management
Strategic management
Business development
Security management

Admission

Admission requirements

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.

Application

To apply you will require the following documents:

Bachelor/diploma certificate or equivalent certificate from abroad
List of courses completed or transcript
Letter of motivation
CV in table form

Please note
It 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.

Contact

> FH-Prof. DI Dr. Martin Langer

Head of Integrated Safety and Security, Head of Integrated Riskmanagement, Head of Risk Management and Corporate Security
T: +43 1 606 68 77-2151
martin.langer@fh-campuswien.ac.at

Secretary's office

Brigitta Hofmann
Favoritenstraße 226, B.3.11
1100 Vienna
P: +43 1 606 68 77-2175
F: +43 1 606 68 77-2159
risikomanagement@fh-campuswien.ac.at

Office hours
by appointment

Teaching staff and research staff

> FH-Prof.ⁱⁿ Mag.^a Claudia Körmer

Academic Staff

> Mag. Josef Ruh

Academic Staff, Deputy Head of Works Council

Cooperations and Campusnetzwerk

We work closely with renowned companies in commerce and industry, with universities, institutions and schools. This guarantees you contacts for internships, employment or participation in research and development. You can find information about our cooperation activities and much more at Campusnetzwerk. It's well worth visiting the site as it may direct you to a new job or interesting event held by our cooperation partners!

Campusnetzwerk

Integrated Risk Management

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