Course overview
Risk is inherent in projects of all scale. This course provides students with the knowledge required to identify, manage, and monitor project risks using ISO 31000 and principles of systems thinking. Through local and international real world examples, students will consolidate the principles of risk management as applied during the various phases of large projects, programs, and mega projects. Students will gain the ability to act on early warning signs, using a systematic methodology to ensure that they are able to maintain project control in accordance with schedule, budget, and quality. Students will also consider methods for researching, identifying, managing, and communicating project risks to equip them with the competence required to lead or participate in project risk management teams.
Course learning outcomes
- Identify the core types of project risks
- Use qualitative and quantitative risk assessment methods
- Competently use risk simulation techniques and other risk analysis tools/methods and work in a group to create a risk management plan based on the ISO 31000:2018
- Identify a range of risk management issues/challenges and the risks within systems and be competent to initiate potential actions in response
- Demonstrate continued learning and personal development
- Recognise ethical, social and cultural issues and their importance for project managers