Construction Risk Management
Study the history of risk and uncertainty in construction. Stake out solutions considering risk attitude, assessment, management, mitigation and allocation. Create real risk management documents and perform automatic risk simulations. Discuss ideas.
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At the completion of this subject students will be able to:
- apply the processes of project risk management to create authentic risk management documents
- use computer technology to perform risk simulations
- discuss and reflect upon risk management concepts.
- Introduction, Terminology and Perspective
- Risk and ISO31000
- The Nature of Risk and Risk Management
- Attitudes of Risk
- Critical Risk Factors
- Risk Assessment
- Risk Management
- Risk Mitigation
- Risk Allocation
- Contractual Risk
- Risk to Cost, Time and Quality
- Documenting Risk
Note: Level 4 subjects normally assume a moderate level of prior knowledge in the area, eg from completing all Level 3 subjects or relevant experience.
No special requirements
An introduction to the history and concept of risk and uncertainty in construction projects. The processes of project risk management for construction projects using risk simulations.
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Find out more about the Academic Integrity module.
- Risk register report (50%)
- Case study (25%)
- Case study analysis (25%)