Unit rationale, description and aim
Governance of governmental, for-profit and not-for-profit organisations necessitates that requirements of society (the laws and regulations) are met as part of delivering organisational outcomes. Having a good understanding of the features, powers and responsibilities of the governance arrangements including risk and operations management is highly important to managers. If students are able to do this, they will have the knowledge and understanding of governance concepts, structures, frameworks and theories underpinning governance, risk and operations management, approaches and techniques of improvement and how to apply practical tools to organisational problems.
The aim of this unit is to provide knowledge and understanding of how to recognise and analyse specific governance, risk and operational problems and to propose responsible and sound solutions.
Learning outcomes
To successfully complete this unit you will be able to demonstrate you have achieved the learning outcomes (LO) detailed in the below table.
Each outcome is informed by a number of graduate capabilities (GC) to ensure your work in this, and every unit, is part of a larger goal of graduating from ACU with the attributes of insight, empathy, imagination and impact.
Explore the graduate capabilities.
Assess the key concepts, frameworks and theories o...
Learning Outcome 01
Critically evaluate the role of governance in diff...
Learning Outcome 02
Analyse governance, risk, and operations framework...
Learning Outcome 03
Evaluate the key concepts, frameworks and theories...
Learning Outcome 04
Content
Topics will include:
- introduction to governance, risk and operations management
- governance structures: governmental, for-profit and not-for-profit organisations
- distinguishing strategic matters from operational matters
- concept of risk application of risk management techniques and tools
- risk management at the operational level
- operations management principles and operations functions and processes
- approaches and techniques of improvement: Six sigma and lean production management
- application of practical tools and generate solutions to business problems
- governance at the individual, organizational, and societal level
- governance and ethical perspectives
- autonomous and collaborative reporting of quality management
- trends in governance, risk and operation management
Assessment strategy and rationale
In order to pass this unit, students are required to complete and submit three graded assessment tasks and achieve an aggregate mark of at least 50%. Marking will be in accordance with a rubric specifically developed to measure students’ level of achievement of the learning outcomes for each item of assessment. Students will also be awarded a final grade which signifies their overall achievement in the unit. The assessment strategy for this unit allows students to sequentially develop their knowledge and skills of governance, risk and operations management to the point where they can present a quality management solution for an organisation. To develop this level of capability, students will demonstrate their knowledge of governance through a critical report and apply practical tools and generate a solution to a business problem through a case study. Students will further develop their understanding when apply their knowledge and understanding by presenting their findings and recommendations in the final assessment task.
Overview of assessments
Assessment Task 1: Individual Company Governance ...
Assessment Task 1: Individual Company Governance Analysis Report - Assessment Classification: Written
The assigned task requires students to write a 1200-word individual critical report on a chosen international company. The task requires students to select a company and conduct an in-depth analysis of its governance structure and how risk management impacts that company and its operation. Students are to consider a broad range of governance models in a range of contexts relevant at both individual and societal level and synthesise preferred option considering their responsibility to the common good and the environment.
Submission Type: Individual
Assessment Method: Research Report
30%
Assessment Task 2: Video Presentation plus Writte...
Assessment Task 2: Video Presentation plus Written Transcript– Assessment Classification: Oral/Written/Experiential
This assignment task requires students to record an 8–10-minute team video presentation along with a 500-word transcript.
Students are tasked to select a company of their preference and collaborate as a team to research, evaluate and design a “Quality Management Initiative” tailored to that company. Students are to critically discuss these issues, drawing on relevant theories and research demonstrating their critical thinking skills. Furthermore, students are required to present their findings and effectively communicate their recommendations.
Submission Type: Team
Assessment Method: Presentation/Script
Artefact: Video Presentation, and Script Document
40%
Assessment Task 3: Case Study Analysis Report - A...
Assessment Task 3: Case Study Analysis Report - Assessment Classification: Written
The assigned task requires students to write a 1500-word individual report that analyses a problem outlined in a provided case study. Students are expected to expand on the questions, integrate subject-related concepts and frameworks, and utilise a variety of practical tools from the unit to generate creative solutions.
Submission Type: Individual
Assessment Method: Report
Artefact: Written Report
30%
Learning and teaching strategy and rationale
This unit takes an enquiry-based learning approach to guide students in the development of knowledge associated with evidence-based decision-making. Students are able to explore the knowledge base underpinning governance, risk and operations management in a series of on campus workshops. These workshops are designed to support students to actively participate in the development of this knowledge both individually and collaboratively. By participating in these workshops, students will systematically develop their understanding of the critical aspects of governance, risk and operations management and develop their capability to generate responsible solutions to business problems. This unit takes an experiential approach to support students in developing the above mentioned skills required to effectively govern, manage risk and operations by reflecting and sharing their experiences and insights. This approach is designed to interest students who prefer to learn within a social environment and builds in expert support for skills development.