SRQ763 - Project Risk Management

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Waterfront (Geelong), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Jamal Thaheem
Prerequisite:

Nil

Corequisite:Nil
Incompatible with: Nil
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:

1 x 1 hour lecture per week, 1 x 1 hour seminar per week.

Educator-facilitated (scheduled) learning activities - online unit enrolment:

Online independent and collaborative learning including 5 x 1 hour online seminars per trimester.

Content

SRQ763 examines complex construction project risks from the perspective of clients and contractors as key stakeholders to a project. The unit will explore the key sources of risk on construction projects as well as their implications on cost, time, quality, value-for-money, benefits and other key project deliverables. Students will learn about the theory and practice of the risk management process and how risk management can be used to deliver the needed quality assurance particularly on major construction projects.They will consider why certain construction projects often fail to meet their key targets and critically apply tools and techniques to assess, quantify, qualify, prioritise and document risks. Students will explore the challenges of implementing an effective risk management framework within an environment of uncertainty. Through learning and assessment activities students will engage in strategic approaches for risk identification, analysis and management, risk allocation and contractual implication of project risks. The unit content will be supported through case study analysis and problem-based learning to aid students in developing skills and knowledge of risk identification, analysis, management and implementation and controls.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Identify and analyse causes of risk on complex construction projects in order to make recommendations to minimise the identified risk.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving

ULO2

Demonstrate an understanding of project risk management systems in construction project delivery.

GLO1: Discipline-specific knowledge and capabilities
GLO5: Problem solving
GLO6: Self-management
GLO7: Teamwork

ULO3

Develop risk management plans through the application of risk management theory and risk analysis.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving
ULO4

 

Apply the principles of a qualitative and quantitative risk management approach in order to initiate effective and practical solutions on construction projects.

GLO1: Discipline-specific knowledge and capabilities
GLO3: Digital literacy
GLO4: Critical thinking
GLO5: Problem solving

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1
Written report
Written report, 3000 word maximum 30% Week 5
Assessment 2
Written report (Group)
Collaborative written report, 5000 word maximum 30% Week 8
Assessment 3
Project risk portfolio
Written report, 4,000 word maximum 40% Week 11

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: SRQ763 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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