| Semester 1, 2023 Springfield On-campus | |
| Units : | 1 |
| School or Department : | School of Business |
| Grading basis : | Graded |
| Course fee schedule : | /current-students/administration/fees/fee-schedules |
Staffing
Course Coordinator:
Requisites
Enrolment is not permitted in MGT8077 if MGT8024 has been previously completed.
Overview
Understanding and managing project risks are vital to successful completion of any project. Projects are by their nature risky undertakings with potentially adverse consequences for many stakeholders should the project outcomes and benefits not be delivered. Risk management has become a specialised field in the project environment and practitioners must have advanced skills to manage risk successfully.
This course examines the methods of understanding and identifying various risks involved in a project. It will then introduce tools and techniques to analyse, estimate and prioritise risks. Appropriate risk response skills will then be developed.
Course learning outcomes
On successful completion of this course students should be able to:
- examine and critically reflect on relevant project risk management principles, theories and concepts;
- analyse, evaluate and synthesise research to investigate effective risk management methods and tools for diverse projects;
- apply knowledge and skills to investigate, resolve and make decisions about risk management in diverse projects;
- plan and execute the preferred method for risk management of diverse projects;
- use technical and communication skills to justify professional decisions to appropriate audiences.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | The nature of project uncertainty, risk and opportunity | 10.00 |
| 2. | Risk management approaches, processes and standards | 40.00 |
| 3. | Tools for identifying, analysing, evaluating and managing risk | 40.00 |
| 4. | Lessons learned and knowledge management | 10.00 |
Text and materials required to be purchased or accessed
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 |
|---|---|---|---|
| Quiz | No | 10 | 1 |
| Literature review | No | 40 | 1,2,3,4 |
| Report | No | 50 | 1,2,3,4 |