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:

This module aims to provide you with the knowledge and understanding of risk management principles, risk management philosophy, risk management maturity, and risk management methodology. You will be introduced to and will be expected to apply several qualitative and quantitative risk analysis tools and techniques to a variety of scenarios (with worked examples in the teaching). Topics will be covered mainly in the context of construction projects. Risk management in business/finance also forms a significant part of the module. The indicative content of risk management includesPhilosophy of risk Risk Management system, Risk maturity levels, Risk Management Methodology, Risk Identification, Risk Analysis. Management responses to risk: Sources of Risk and Uncertainty, Risk manager role, Expected Monetary Value. Analysis (A): Decision Tree, Sensitivity, Value of Perfect Information, Elicitation of Probabilistic Information. Utility Theory e.g. Multi-attribute Utility Theory. Bids and auctions: financial, risks, reverse auctions, Risk & Property, Auction Design. Analysis (B) : Risk Analysis Software, Monte Carlo Simulation, Human Aspects;Financial (A) : Construction: Risk Allocation in Contracts, Insurance and Bonds. PFI/PPP Projects (focus on construction) - risks, responsibilities, liabilitiesHealth and Safety Risks in Construction (focus on construction)Financial: International Project Investments. Portfolio Theory and Practice. Firm-wide Risk Management.
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
2025/6, 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)NESH Description
Independent Learning Guided independent study 200 Guided independent study may involve reading, working on tutorial tasks or reflective exercises, accessing resources discussed in class, and working on assessments.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Essay 50 1~2~3 Week 8 , WORDS= 3000 The essay comprises a report to demonstrate knowledge of system design, critical thinking, and strategic planning.
Centrally Time Tabled Examination 50 1~2~3 Exam Period HOURS= 3 In the Centrally Time Tabled Examination, you will be assessed on the contents of learning outcomes 1 to 3. The questions will be based on any content covered in units 2 to 10.
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Project Risk Management
 

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