In this course, participants will develop the requisite knowledge and skills to identify and classify complex aspects of risk management within a project. Project teams will learn how to plan, control and review risks associated with a project and develop appropriate risk mitigation strategies. The project risk planning process and its position within the overall management function is considered. The unit addresses the conduct of control activities in accordance with the ISO 31000: 2009 Standard and other relevant industry-based Risk Management Standards.
Unit details
Location:
Study level:
Postgraduate
Credit points:
12
Unit code:
EPM5740
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Learning Outcomes
| 1. | Conceptualise what risk management is and make risk identification an integral component of decision-making in projects; | ||
| 2. | Discern threats and opportunities and conceptually map their relative importance in the project; | ||
| 3. | Critically apply tools and techniques to assess, quantify, qualify, prioritise and document risks; | ||
| 4. | Analyse risks as a part of risk assessment activities and construct a risk management plan; and | ||
| 5. | Critically examine and evaluate the responsibilities of personnel assigned to manage, monitor and control project risks. |
Assessment
| Assessment type | Description | Grade |
|---|---|---|
| Assignment | Individual Assignment (2000 words) | 20% |
| Assignment | Group Project (3000 words per student plus 5 minutes presentation by each student) | 30% |
| Examination | Examination (3 hours) | 50% |
Required reading
A Guide to the Project Management Body of Knowledge 6th ed.
(PMBOK© GUIDE) (2017)
Project Management Institute
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