16918 Risk Management

6cp

This subject examines risk management generally, but with a focus on project risk management. It covers the main techniques and methods used for risk identification, evaluation and response and relates these to the risks typically faced by project participants. The subject presents risk management as a positive process that should be intertwined with the identification and realisation of opportunities. Risk identification examines the various risks inherent in projects such as financial risk, environmental risk, estimating risk, schedule risk and safety risk. Various methodologies are introduced for the qualitative and quantitative assessment of these risks. Risk response and treatment, and issues such as risk sharing between clients and project participants and risk transfer through insurance, are examined in detail. Methods of monitoring and controlling risks are then explored. The subject culminates with the development of risk management plans for projects.

Typical availability

Spring semester, City campus

Fee information

2007 contribution for post-2004 Commonwealth-supported students: $889.75
2007 amount for undergraduate domestic fee-paying students: $2,280.00
Subject EFTSL: 0.125
Note: The above fees are applicable in 2007 for Commonwealth-supported students who commenced after 2004 and domestic fee-paying undergraduate students only. Pre-2005 Commonwealth-supported students should consult the Student contribution charges for Commonwealth supported students webpage.
Not all students are eligible for Commonwealth supported places, and not all subjects are available to Commonwealth supported students. Domestic fee-paying students and international students should refer to the Fees webpage.

Access conditions

Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at Access conditions and My Student Admin.