| Semester 2, 2022 Online | |
| Units : | 1 |
| Faculty or Section : | Faculty of Health, Engineering and Sciences |
| School or Department : | School of Engineering |
| Grading basis : | Graded |
| Course fee schedule : | /current-students/administration/fees/fee-schedules |
Staffing
Examiner:
Overview
The complexity of modern engineering products and systems is such that some risk of failure is inevitable. There is a financial incentive to reduce this risk and to improve reliability, and increasingly, there are statutory requirements to address reliability and safety issues explicitly. Consequently, people in technology management need to be aware of the tools and techniques used for the prediction, evaluation and management of technological risks.
This course is concerned with the prediction and assessment of technical risks. It introduces a range of qualitative and quantitative techniques used for the analysis of risk and to manage technological projects and processes in such a way that potential adverse outcomes are minimised and opportunities maximised. The techniques have broad application and may be applied in the management of many technical areas, including manufacturing, construction, processing and plant supervision.
Course learning outcomes
The course objectives define the student learning outcomes for a course. On completion of this course, students should be able to:
- assess the risks inherent in any process;
- evaluate the likelihood and consequences of technical risks;
- select, justify and apply appropriate strategies for the treatment of technological risk;
- appraise and utilise tools and techniques to reduce and manage risks arising from technological projects and processes.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | Overview of risk management | 5.00 |
| 2. | Risk management fundamentals | 10.00 |
| 3. | Identification and analysis of risk | 10.00 |
| 4. | Risk evaluation | 15.00 |
| 5. | Financial aspects of reliability management | 10.00 |
| 6. | Risk management in technology projects | 15.00 |
| 7. | Risk management in technology processes | 10.00 |
| 8. | Risk management in asset management | 15.00 |
| 9. | Risk management in technology development and commercialisation | 10.00 |
Text and materials required to be purchased or accessed
(Online access via Standards On-Line Premium from the USQ Library databases.)
(Online access via Standards On-Line Premium from the USQ Library databases.)
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
Assessment details
| Description | Group Assessment |
Weighting (%) | Course learning outcomes |
|---|---|---|---|
| Problem Solving 1 | No | 10 | 1,2 |
| Problem Solving 2 | No | 40 | 1,2,3,4 |
| Take home examination | No | 50 | 1,2,3,4 |