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: Alastair Stupart
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites

none

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
2020/1, Trimester 2, Online,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: Online
Location of delivery: WORLDWIDE
Partner:
Member of staff responsible for delivering module: Alastair Stupart
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
This module will provide the opportunity for you to apply new knowledge within the context of your professional experience, reflecting on and learning from your prior experience and knowledge, and developing abilities to apply this to new situations. You will be taught how to analyse, synthesise and solve complex unstructured project risk problems, and to develop your interpersonal skills, to be able to interact effectively with a range of other international students. This module also develops in you an active approach to studying and the capacity for independent learning.


You will be provided with engaging and interactive online learning materials which will include a general introduction to the topic and how to study the module, together with core academic theory relating to the topic. You will also be directed to a variety of sources including books, e-books, journals, e-journals, to support your learning. A mix of reflective exercises, case studies and self-assessment questions (with diagnostic feedback) for each unit will engage you in the learning process. The online materials will encourage you to reflect upon your experiences and learning. You will be encouraged to form your own independent groups and to interact via the VLE through discussion forums.

To support your learning, you will have access to module specific materials which will comprise of many of the following: a module introduction/overview, including learning outcomes, and summary of key learning points; eleven units which comprise of an introductory/module overview unit, followed by subject specific units; covering key learning points for each unit; podcasts and/or videos which further explain key concepts (where appropriate);teaching materials self-assessment questions; reflective exercises; end of unit progress tests; links to core module academic materials; book chapters / journal articles / case materials etc. Examples of assessments.


Formative Assessment:
Formative feedback – will be provided in the module through the self-assessment questions. This will enable you to self-assess your progress and understanding. Reflective exercises within each unit will also require you to apply the theory to your own experience – your reflections will be captured in an online reflective portfolio which you will be able to review and print.

Summative Assessment:
Summative assessment will be provided throughout the module in the form of two components. Firstly a mid-module assessment in the form of a professional style report ,will offer formative and summative assessment (50%) testing a selection of LOs 1-5, and the final assessment in the form of a formal Examination which will contribute the rest of module marks (50%).

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Online 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 1-3 8 HOURS= 0, WORDS= 3000
Centrally Time Tabled Examination 50 1-3 14/15 HOURS= 3, WORDS= 0
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

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