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: Elena Prokofieva
School School of Computing, Engineering and the Built Environment
Subject area group: Built Environment

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:

On 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, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Blended
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Elena Prokofieva
Module Organiser:

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 36
Independent Learning Guided independent study 161
Face To Face Centrally Time Tabled Examination 3
Total Study Hours200
Expected Total Study Hours for Module200

Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 30 1,2,3 9 HOURS= 0, WORDS= 2500
Centrally Time Tabled Examination 70 1,2,3 14/15 HOURS= 3, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

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