Modules

Core Module Information
Module title: Project Risk Management
SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: BSV11705
Module leader: Nimi Dan-Jumbo
School School of Computing, Engineering and the Built Environment
Subject area group: Built Environment
Prerequisites

There are no pre-requisites for this module to be added
Description of module content:

Philosophy of risk. Risk Management Methodology. Risk Identification. Risk Analysis. Management Response to Risk. Major Sources of Risk and Uncertainty. Expected Monetary Value, Decision Tree Analysis. Sensitivity Analysis. Value of Perfect Information. Elicitation of Probabilistic Information. Utility Theory. Multi-attribute Utility Theory. Risk In Bidding Decisions. Reverse auctions. Risk and Property Auction Design. Risk Analysis Software. Monte Carlo Simulation. Human Aspects in Risk Analysis.Risk Allocation in Contracts. Insurance and Bonds. Risk in PFI/PPP Projects. Risk in International Project Investments. Portfolio Theory and Practice. Firm-wide Risk Management. Role of a risk Manager. Case Studies.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Appreciate the principles of risk management and decision-making within the context of construction projects.

LO2: Critically apply the qualitative and quantitative tools and techniques of risk analysis.

LO3: Critically examine and analyse the effects of risk and uncertainty from multiple construction projects and synthesise solutions from a corporate perspective.
Full Details of Teaching and Assessment
2023/4, Trimester 2, Blended,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: Blended
Location of delivery: WORLDWIDE
Partner:
Member of staff responsible for delivering module: Nimi Dan-Jumbo
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Independent Learning Guided independent study 200
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 50 1~2~3 8 , WORDS= 3000
Centrally Time Tabled Examination 50 1~2~3 Exam Period HOURS= 3
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Contact your module leader
 

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