Project risk & issues management explores the management of the risks and issues that arise before and during a project’s execution.  This involves:  development of a conceptual framework, analysis of the way in which risks and issues influence project decisions, and examination of processes to manage risks and issues throughout the life of a project.

PRIM does not align with any particular methodology in risk and issue management.  Armed with the theoretical principles and techniques that we will explore, students will be able to evaluate the appropriateness and gauge the limitations of the approaches used within their own organisations.  AS/NZS ISO 31000:2009 (a case in point), is found to be a special instance of the general risk framework covered in PRIM.

The objective of PRIM is to equip students with essential skills that will enable them to participate meaningfully in the management of project risk and issues.

By the end of this course, students should be able to demonstrate that they:

• Understand the nature of risk and its impact on the project environment.
• Understand the limitations of a risk management tools and techniques.
• Are capable of gauging the quality of a project risk management frameworks in real-life situations
• Are competent in the application of a risk management toolset.

Minor term paper: 30%
Risk case study: 60%
Class contribution: 10%

Approximately 35 hours of lectures, seminars and workshops over a session or semester. Students are also expected to devote appropriate amounts of time between classes to private study: reading texts and references, completing individual and/or group assignments and preparing items for discussion in class.

None.

Familiarity with principles, tools and techniques of project management. Basic competence in using Excel spreadsheet software. Students should also have had some exposure to basic principles of probability and statistics.

Microsoft Excel

Please refer to Course Website