ENPC MBA Specialization in "Enterprise Risk Management" in collaboration with MINES ParisTech

 

Paris, July 22, 2011

 

Over the last few years, some of the world’s events have shown the crucial importance for decision makers to effectively manage risk. Financial risks (such as those due to 2008 sub-primes crisis), technological risks (e.g., the 2010 BP oil spill), natural hazards (like those caused by the 2011 tsunami in Japan) have caused enormous damage to the global economy and the reputation of firms. Due to environmental, market and societal dynamics, companies and organizations have been facing increasing complexity in formulating strategies, implementing decisions and managing operations. Today’s executives and managers need to develop competencies and skills to manage, if not anticipate, the increasing number of threats and risky situations which they face. 

 

Identifying business opportunities and taking risk are quite unavoidable when managing a company and trying to sustain its business in a rapidly changing world. As such, risk management has always been an integral part of a manager’s remit. However, managing the various types of risks, from a technology failure to a terrorism threat, and their potential corporate impact requires specific skills. The latter include managers’ ability to perceive weak signals, make sense of a certain situation and assess its associated risk. 

In order to provide these skills to high potential professionals, the ENPC School of International Management has decided to introduce in its MBA program a new specialization track in “Enterprise Risk management”. It will be offered in cooperation with MINES ParisTech, which created 13 years ago the first research centre in France fully dedicated to risk and crisis management. 

This specialization, which will start in September 2011, consists of a set of 6 modules, each consisting of 30 contact hours, covering different aspects of risk management. These include risk identification and assessment ; organization of risk management ; human and organizational matters; safety culture and organizational learning ; resilience, robustness and critical infrastructures ; corporate risk governance and insurance ; and a one-week study trip to China. All modules are mandatory and will comprise lectures and in-depth case studies’ analysis and discussion. 

In the ENPC MBA curriculum, the “Enterprise Risk Management“ specialization modules are delivered once students have completed the required business and management foundation courses. The specialization represents 21 ECTS. However, in order to graduate, students choosing this specialization must take courses from the other study tracks of the ENPC MBA curriculum. They need to obtain a minimum of 54 ECTS and carry out a Professional Project on a theme related to “Enterprise Risk Management”.

 

About The Ecole des Ponts ParisTech

The Ecole des Ponts ParisTech is one of the world’s oldest engineering institutes. It has been training the elite of French engineers for over two centuries. In the last decades, it has developed beyond its more traditional fields and into an international institution, adapting to the changing demands of the modern world. 

Four major types of programmes are offered : 

  • Engineering programmes : Leading to a 5-year engineering degree (after undergraduate and graduate studies, or the 2-year graduate course alone, in both cases following entrance examinations), or to a master’s degree.
  • Master of Science : A professional or research-based, postgraduate degree of one or two years, offered either within the engineering institutes members of ParisTech, or within universities.
  • PhD : Trains students through innovative research work and taught courses. Ecole des Ponts ParisTech delegated the attribution of its PhD degree to Université Paris-Est.
  • Post-Master professional certificate : A professional course of one to one and a half years ; MBAs. Besides traditional fields such as civil engineering, environment, transport, town and regional planning, mechanics, industrial management and logistics, Ecole des Ponts ParisTech now also offers advanced programmes in fields such as applied mathematics, economics and management.

 

About MINES ParisTech

As the leading academic institution in France by virtue of its volume of contractual research, MINES ParisTech contributed to the competitiveness of companies. Via its 5 research departments, the School meets challenges in three main socio-economic sectors : future energy sources and the environment, the harnessing and exploitation of resources and new materials, and innovation methodologies and processes. In anticipation of the needs of industrial players, it has pioneered the creation of company chairs on emerging themes. MINES ParisTech is a founding member of ParisTech, which has brought together 12 of the leading executive engineering and management schools in Paris. Since its creation in 1783, MINES ParisTech has trained high-level engineers capable of solving complex problems in a wide variety of fields. www.mines-paristech.eu 

Press relations :
Carole Grosz
Head of communication
+33 (0)1 40 51 93 56
carole.grosz@mines-paristech.fr

 

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