10898 (v.3) Risk Management 641

Area:

Department of Construction Management

Credits:

25.0

Contact Hours:

3.0

Lecture:

1 x 3 Hours Weekly

Syllabus:

The function of risk management within a project environment. Identification, analysis and treatment. Types of risk. Risk analysis techniques - sensitivity analysis, Monte Carlo simulation.

Unit Outcomes:

On successful completion of this unit, students will have- Acquired an understanding of the processes and principles of project risk management.

Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.

Unit References:

Carter, B., Hancock, T., Morin, J., and Robins, N. (1994). Introducing RISKMAN: The European Project Risk Management Methodology. Oxford, NCC Blackwell. CCTA (1994). Management of Project Risk. London, HMSO. Cooper, D.F. and Chapman C.B. (1987), Risk Analysis for Large Projects. New York, John Wiley. Flanagan, R. and Norman, G. (1993), Risk Management and Construction. Oxford, Blackwell Scientific. Grey, S. (1995), Practical Risk Assessment for Project Management. Chichester, Wiley. Hertz, D.B. and Thomas, H. (1984), Risk Analysis and its Applications. New York, John Wiley. MAB-MIAC. (1995), Guidelines for Managing Risk in the Australia Public Service.- Exposure Draft. July. Canberra, AGPS. Raftery, J. (1994), Risk Analysis in Project Management. London, E and FN Spon.

Unit Texts:

Standards Australia. (1999), Risk Management. AS/NZS 4360: Homebush, New South Wales. Chapman, C.B., and Ward, S.C. (1997). Project Risk Management: processes, techniques, and Insights. Chichester, England, J Wiley. ICE (1998), RAMP: Risk Analysis and Management for Projects. London, Thomas Telford.

Unit Assessment Breakdown:

Assignment 1 40%, Assignment 2 40%, Examination 20%. This is by grade/mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Bentley Campus	Full Year	Y
2004	Bentley Campus	Semester 1	Y
2004	Bentley Campus	Semester 2	Y