Modules

Core Module Information
Module title: Project Risk Management
SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: BSV11105
Module leader: Nadine Abu-Shaaban
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
Timetables
Description of module content:

The aim of this module is to provide an overview of risk management methodologies as well as an advanced understanding of the techniques used in risk management and analysis of construction projects in the UK and worldwide. The module introduces various risk analysis techniques applicable in construction-related businesses.The module examines the influence of organisational structure, organisational culture, and governance frameworks on risk management practices and decision-making processes. It also considers the causes and impacts of project delays, and how effective risk management strategies can be applied to mitigate time overruns and improve project performance. Furthermore, the module introduces elements of portfolio theory to understand how risks can be managed across multiple projects within an organisation.A key focus of the module is the integration of Utility Theory and Decision Tree Analysis, providing students with tools to make rational, risk-adjusted decisions by evaluating possible outcomes, associated probabilities, and the relative value or utility of each outcome in construction projects. The module emphasizes experiential and problem-based learning, including:• Risk Attitude Exercise: Diagnosing individual risk profiles through experiential activities. • Utility Functions & Risk Preference Lab: Applying Utility Theory to quantify and analyse personal and organisational risk preferences. • Problem-Based Learning (PBL) with Decision Trees: Solving real-world project scenarios using decision tree analysis to make structured, evidence-based decisions.
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: Diagnosing risk profiles and understanding personal and organisational risk attitudes through experiential learning

LO4: Evaluate how organisational structure, culture, and established frameworks influence risk management practices and decisions within organisations.

LO5: Analyse the causes of construction delays and evaluate their impact on risk management and mitigation strategies.
Full Details of Teaching and Assessment
2025/6, Trimester 2, Blended,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: Blended
Location of delivery: MERCHISTON
Partner:
Member of staff responsible for delivering module: Nadine Abu-Shaaban
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 30 Lectures addressing all LOs and Units. Historical overview and current situation in construction in UK.
Face To Face Centrally Time Tabled Examination 3 Online individual examination, students are expected to answer questions on problem solving, decision making, risk assessment and calculations of various parameters with and without given probability to support the chosen decisions.
Online Guided independent study 167 Independent study of module materials, personal research, coursework preparation and completion and exam preparation.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Report 30 1~3 Week 10 , WORDS= 2500 words The report on a given topic, with individual task or in small group. The students are expected to conduct literature review, visit the assigned place and conduct an investigation, then analyse and report the findings
Centrally Time Tabled Examination 70 2~3~4~5 Exam Period HOURS= 3 hours Online individual examination, students are expected to answer questions on problem solving, decision making, risk assessment and calculations of various parameters with and without given probability to support the chosen decisions.
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Indicative References and Reading List - URL:
BSV11105 Project Risk Management
 

Related information