16918 Risk Management
6cpThis 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
2009 contribution for post-2008 Commonwealth-supported students: $1,084.62
Note: Students who commenced prior to 1 January 2008 should consult the Student contribution charges for Commonwealth supported students
Not all students are eligible for Commonwealth Supported places.
2009 amount for undergraduate domestic fee-paying students: $2,425.00
Note: Fees for Postgraduate domestic fee-paying students and international students are charged according to the course they are enrolled in. Students should refer to the Annual Fees Schedule.
Subject EFTSL: 0.125Access 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.
