In this course, participants will develop the requisite knowledge and skills to identify and classify complex aspects of risk management within a project. Project teams will learn how to plan, control and review risks associated with a project and develop appropriate risk mitigation strategies. The project risk planning process and its position within the overall management function is considered. The unit addresses the conduct of control activities in accordance with the International Organization for Standardization (ISO) 31000: 2018 Standard and other relevant industry-based Risk Management Standards.
Unit details
Location:
Study level:
Postgraduate
Credit points:
12
Unit code:
EPM5740
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Learning Outcomes
1. | Interrogate and implement project risk management processes as an integral component of wider project management; | ||
2. | Discern threats and opportunities and conceptually map their relative importance in the project; | ||
3. | Critically apply tools and techniques to assess, quantify, qualify, prioritise and document risks; | ||
4. | Analyse risks as a part of risk assessment activities and construct a risk management plan; and | ||
5. | Critically examine and evaluate the responsibilities of personnel assigned to manage, monitor and control project risks. |
Assessment
Assessment type | Description | Grade |
---|---|---|
Presentation | Class Presentation (multiple items including 3% in week 2) | 20% |
Project | Group Project | 40% |
Case Study | Written submission (2000 words approx) | 40% |
Required reading
Further reading material will be provided by the instructor in class or through VU Collaborate.
A Guide to the Project Management Body of Knowledge 6th ed.
(PMBOK® GUIDE) (2017)
Project Management Institute
Where to next?
As part of a course
This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.
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