SRQ763 - Project Risk Management

Year:

2022 unit information

Enrolment modes: Trimester 1: Waterfront (Geelong), Cloud (online)
Credit point(s): 1
EFTSL value: 0.125
Prerequisite:

Nil

Corequisite:

Nil

Incompatible with:

Nil

Study commitment

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

Scheduled learning activities - campus

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

Scheduled learning activities - cloud (online)

Online independent and collaborative learning including scheduled activities as detailed in the unit site.

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.

Unit Fee Information

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