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The module covers the area of risk management in the project context and is designed to develop students’ managerial skills and necessary expertise in project risk management principles and practice. The focus is on the importance of project risk management and the need for project managers to plan ahead with respect to this, at the strategic decision level. The module also assists in developing your knowledge on essential risk management theory and concepts such as project risk identification, assessment, monitoring and control, to enhance your managerial, practical, critical and analytical skills as applicable to project environments. You will learn to apply theory and practice, and how to critically evaluate project success and failure using strategic tools designed for project risk management, including qualitative and quantitative risk analysis techniques. This includes case studies analysis used alongside the practical application to analyse and evaluate the steps to reduce risks at the strategic decision level. Crucially, you will also be able to ensure your organisation complies with quality, corporate social responsibility and corporate governance, sustainability, and ethical standards.

LO1: Analyse the principles and benefits of risk management for projects, including decision-making within different sectors

LO2: Critically examine the effects of risk from various sectors and synthesise solutions from a managerial perspective, including a risk-benefit analysis

LO3: Assess project risks qualitatively and quantitatively by using appropriate software for modelling risks

LO4: Critically appraise the alignment of sustainability principles, corporate social responsibility (CSR) and corporate governance with the organisation’s environmental policies