Subject details

At the completion of this subject 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.
    • Risk - Introduction & Definition
    • Risk - Components & Classification
    • Introduction, Context, Identification
    • Qualitative Risk Analysis
    • Risk Treatment
    • Opportunity Management
    • Quantitative Risk Analysis - Sensitivity Analysis
    • Quantitative Risk Analysis - Introduction to Statistics
    • Quantitative Risk Analysis - Probability Theory
    • Quantitative Risk Analysis - Probability Distributions
    • Quantitative Risk Analysis - Monte Carlo Simulation
    • Contingency
    • Quantitative Risk Analysis - Decision Tree
    • Project Risk Management: Issues
    • Risk Attitude - Utility Theory
    • Judgement Under Uncertainty: Bias
    • Risk Communication
    • Event & Fault Tree
  • Study resources

    • Instructional methods

      • Discussion forum/Discussion Board
      • Online assignment submission
      • Standard Media
      • Web links
    • Online materials

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

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

  • CUR-PRM-GDI-2019
  • CUR-PRM-MAS-2019
  • OUA-PSU-GCE-2019
  • UNE-PRO-GCE-2019

Special requirements

No special requirements

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 subject 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 subject grades will be withheld.

Find out more about the Academic Integrity module.

  • 4 tests (20%)
  • Risk Management Plan (40%)
  • Project Budget (40%)

Textbook information is pending.

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