SRQ763 - Project Risk Management
Unit details
| Year: | 2022 unit information |
|---|---|
| Important Update: | Unit delivery will be in line with the most current COVIDSafe health guidelines. We continue to tailor learning experiences for each unit to achieve the best possible mix of online and on-campus activities that successfully blend our approaches to learning, working and research. Please check your unit sites for announcements and updates. Last updated: 4 March 2022 |
| Enrolment modes: | Trimester 1: Waterfront (Geelong), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Dominic Doe Ahiaga-Dagbui |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
| Scheduled learning activities - campus: | 1 x 1 hour class per week, 1 x 1 hour seminar per week. |
| Scheduled learning activities - cloud: | Online independent and collaborative learning including scheduled activities as detailed in the unit site. |
Content
SRQ763 examines complex construction project risks from the perspective of clients and contractors as key stakeholders to a project. The unit will explore the key sources of risk on construction projects as well as their implications on cost, time, quality, value-for-money, benefits and other key project deliverables. Students will learn about the theory and practice of the risk management process and how risk management can be used to deliver the needed quality assurance particularly on major construction projects. They will consider why certain construction projects often fail to meet their key targets and critically apply tools and techniques to assess, quantify, qualify, prioritise and document risks. Students will explore the challenges of implementing an effective risk management framework within an environment of uncertainty. Through learning and assessment activities students will engage in strategic approaches for risk identification, analysis and management, risk allocation and contractual implication of project risks. The unit content will be supported through case study analysis and problem-based learning to aid students in developing skills and knowledge of risk identification, analysis, management and implementation and controls.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Identify and analyse causes of risk on complex construction projects in order to make recommendations to minimise the identified risk. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Demonstrate an understanding of project risk management systems in construction project delivery. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Develop risk management plans through the application of risk management theory and risk analysis. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4
| Apply the principles of a qualitative and quantitative risk management approach in order to initiate effective and practical solutions on construction projects. | GLO1: Discipline-specific knowledge and capabilities |
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Written report | Written report (3,000-word maximum) | 30% | Week 5 |
| Written report (group) | Collaborative written report (5,000-word maximum) | 30% | Week 8 |
| Project risk portfolio | Written report (4,000-word maximum) | 40% | Week 11 |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: SRQ763 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Unit Fee Information
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