Project Risk Management - 2018

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary

PRM550

  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: No
  • Duration: 12 weeks
  • Government loans available: FEE-HELP
  • Availability for 2018: SP2 , SP4
  • Assessment: Assignment - Risk Management Plan (40%) , Report - Project Budget (40%) - Learn more

Unit provided by

or
2018 Fees
AUD$
Domestic 2,800.00
International 3,050.00

Analyse the concepts and theories of risk and uncertainty. Use tools and techniques to apply the project risk management processes of identification, analysis and treatment. Apply quantitative risk analysis techniques of sensitivity analysis and the Monte Carlo simulation. Review the concepts of bias, risk communication, risk attitude and opportunity management.

Please Note: If it’s your first time studying a Curtin University unit you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your unit grades will be withheld.

Find out more about the Academic Integrity module.

At the completion of this unit students will be able to:

  1. create a risk management plan for an authentic project
  2. apply quantitative risk analysis using specialist software to create a cost model, and evaluate and analyse the results
  3. recognise the concepts of risk and project risk management
  4. evaluate and reflect upon a personal risk experience through a risk management theoretical perspective.
  • Assignment — Risk Management Plan (40%)
  • Report — Project Budget (40%)
  • Test — 4 tests (20%)

There are no prerequisites for this unit.

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

NumberTopic
1Risk - Introduction & Definition
2Risk - Components & Classification
3Introduction, Context, Identification
4Qualitative Risk Analysis
5Risk Treatment
6Opportunity Management
7Quantitative Risk Analysis - Sensitivity Analysis
8Quantitative Risk Analysis - Introduction to Statistics
9Quantitative Risk Analysis - Probability Theory
10Quantitative Risk Analysis - Probability Distributions
11Quantitative Risk Analysis - Monte Carlo Simulation
12Contingency
13Quantitative Risk Analysis - Decision Tree
14Project Risk Management: Issues
15Risk Attitude - Utility Theory
16Judgement Under Uncertainty: Bias
17Risk Communication
18Event & Fault Tree

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Online assignment submission
  • Standard Media
  • Web links

Online materials

  • Audio/Video - Streaming
  • Online Assessment
  • Printable format materials
  • Resources and Links

This unit is a core requirement in the following courses:

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

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