Project Risk Management

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• how to discuss the usefulness of a variety of risk management frameworks;
• how to explain the problems associated with estimating risk impacts and probabilities;
• how to understand the motives for undertaking formal risk management processes;
• how to describe the issues to be addressed in establishing a formal process.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• identify a comprehensive list of risks associated with any project.
• discuss the application of a formal risk management process in a project context;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• numeracy in terms of uncertainty and risk;
• key skills in information handling, critical analysis and written communication.
• group working and communication during the module and subsequently through the Assignment;

• An overview of what best practice is about
• A brief review of relevant historical background
• A generic risk management process for planning a project at a strategic level on behalf of a client discussed in some detail
• The impact of earlier and later life cycle positions and changes in other process drivers
• An outline of comparable alternative generic processes
• Examples of different kinds of processes in different contexts

The module will use lectures which emphasise key issues, guided background reading, and the exploration of mini-case studies. Where appropriate the lecturers will draw on your experience and use class discussion to encourage reflection on concepts and processes.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Draft essay

• Assessment Type: Formative
• Feedback: A draft of part 1 of the summative assessment can be submitted for comments (1200 words).
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.