15313 Project Procurement and Risk Management
Warning: The information on this page is indicative. The subject outline for a
particular session, location and mode of offering is the authoritative source
of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.
Subject handbook information prior to 2020 is available in the Archives.
Credit points: 6 cp
Subject level:
Postgraduate
Result type: Grade and marksRequisite(s): 15315c Project Management Principles
The lower case 'c' after the subject code indicates that the subject is a corequisite. See definitions for details.
Description
This subject provides an understanding of the procurement theory applied to managing a project and the associated risks. The areas of contract law, statutory regulations, legal relationships and negligence are explored. The principles of managing risk on a project are covered through a review of the Australian Standard as it applies to a project environment. Students work in teams on a case study during the workshop and independently on other assessment tasks. This subject will not be offered after 2012.
Subject learning objectives (SLOs)
On successful completion of this subject, students should be able to:
| 1. | Development and demonstration of effective written communication through submission of a project plan to a client. |
|---|---|
| 2. | Demonstrate an understanding of the competency units of project procurement management and project risk management and be to apply the principles of procurement evaluation, selection and planning. |
| 3. | Be familiar with the legal background of the procurement of goods and services and have an understanding of the principles of modern dispute resolution. |
| 4. | Apply risk, procurement and contract management principles in practical situations. |
| 5. | Understand the relationship between risk, procurement and contracts and their impact on project design and delivery. Have an understanding of the common law, law of negligence and statutory obligations in relation to the parties to project contracts. Understand and be able to interpret project contracts and the principles of contractual risk allocation. |
| 6. | Understand the principles and procedures involved in the management and administration of contracts. |
Teaching and learning strategies
Subject is delivered in a mixture of lectures, team exercises case studies and assignments.
Four day intensive workshops with a mixture of lectures, activities and group work (36 hours in total). After the workshop students submit an individual assignment to be submitted in four to five weeks with ongoing support as required
Content (topics)
- Contract Administration
- Contracts and civil liberty
- Risk management
Assessment
Assessment task 1: Team Assignment � Risk
| Groupwork: | Group, group assessed |
|---|---|
| Weight: | 30% |
Assessment task 2: Individual Assignment � Contract
| Weight: | 50% |
|---|
Assessment task 3: Individual Test
| Weight: | 20% |
|---|
Required texts
Turner, Clive (2009) Australian Commercial Law. Law Book Co, 27th, Ed.
PMI (Sponsor) (2008) A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Newtown Square, USA: Project Management Institute, 4th ed.Recommended texts
Reading (for assessment tasks and discussion during workshops)
Selected References – you will find many others in the UTS library catalogue – some of these are electronic resources which you can access by using your UTS email login and password. The library website can be found at www.lib.uts.edu.au
http://www.nswprocurement.com.au/psc/ppg/contract_management.aspx
Example of a Project Management contract AS4915-2002 <http://www.saiglobal.com.ezproxy.lib.uts.edu.au/online/autologin.asp>
http://www.nswprocurement.com.au/Procurement-System-for-Construction.aspx
References
AIPM (Sponsor) (2008) Professional Competency Standards for Project Management Sydney, Australia: Australian Institute of Project Management through the Australian Institute of Project Management, available to download from: http://www.aipm.com.au/html/pcspm.cfm.
Australasian Legal Information Institute website: http://www.austlii.edu.au
PMI (Sponsor) (2009) Practice Standard for Project Risk Management, 1st ed. Newtown Square, USA: Project Management Institute.
Carter, J. W., and Harland, D.J. (2002) Contract Law in Australia, Butterworths, 4th ed.
Balkin, R. P., and Davis, J.L.R. (2008) Law of Torts, LexisNexis Butteworths, 4th ed.
Burke, R. (1990), Project Management Planning and Control (Second Edition), Management Press.
Cooper, D. and Chapman, C. (1987) Risk Analysis for Large Projects, John Wiley & Sons.
Hamilton, A. (1997), Management by Projects, Thomas Telford.
Healy, P.L. (1998), Project Management: Getting the job done on time and in budget, Butterworth-Heinemann.
Lock, D. (1984) Project Management, Gower. Lock, D. (ed.) (1987) Project Management Handbook, Gower.
Miller, Russell V. (2009) Miller’s Annotated Trade Practices Act, Law Book Co, 30th ed. NSW PWD (1992) Total Asset Management Manual, NSW Government, Sydney.
Raftery, J. (1994) Risk Analysis in Project Management, E & FN Spon.
Shaheen, S.K. (1987) Practical Project Management, Wiley. Spinner, M. (1992) Elements of Project Management: Plan, schedule and control, Prentice Hall.
Stallworthy, E.A. (1983) Total Project Management, Gower.
Uher, T.E. (2002) Fundamentals of building contract management, UNSW Press, Sydney: Australia.
Turner, J.R. (2009) The Handbook of Project-Based Management: Leading strategic change in organizations. London, UK: McGraw-Hill, 3rd ed.
Relevant papers from academic journals, starting with but not limited to the following:
International Journal of Project Organisation and Management
International Journal of Project Management Project Management
Journal Scandinavian Journal of Management