16918 Risk Management

Description

This subject examines risk management generally but with a focus on project risk management. It covers the main techniques and methods used for risk identification, evaluation and response and relates these to the risks typically faced by project participants. The subject presents risk management as a positive process that should be intertwined with the identification and realisation of opportunities. Risk identification examines the various risks inherent in projects such as financial risk, environmental risk, estimating risk, schedule risk and safety risk. Various methodologies are introduced for the qualitative and quantitative assessment of these risks. Risk response and treatment and issues such as risk sharing and transfer between clients and project participants are examined. Methods of monitoring and controlling risks are then explored. The subject culminates with the development of risk management plans for projects.

Typical availability

Spring session, City campus