Risk Management in Projects and Engineering Industries
Duration
- One semester or equivalent
Contact hours
- 24 hours face to face + Blended
On-campus unit delivery combines face-to-face and digital learning.
2024 teaching periods
| Hawthorn Higher Ed. Semester 2 |
||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Aims and objectives
This unit aims to develop the students’ understanding of risk management and to develop/ implement contemporary risk management systems and practices relevant to projects or enterprises in engineering industries.
Unit Learning Outcomes (ULOs)
Students who successfully complete this Unit should be able to:1. Appreciate and apply risk management principles, theories, tools and techniques in engineering projects and organisations
2. Analyse risk management frameworks and systems in projects and engineering enterprises and advice on developing/ implementing contemporary risk management solutions/ systems
3. Formulate, use and evaluate risk management techniques, tools/ software and systems
4. Employ due diligence studies for feasibility analysis and strategic decisions in large projects and infrastructure developments
5. Develop professionalism, abilities for research and passion for continuing professional development learning/ training of risk management applications in projects and engineering industries
Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
Live Online Lecture | 1 | 12 | 12 |
| On Campus Workshop | 2 | 6 | 12 |
| On Campus Tutorial (Comp Labs) | 2 | 6 | 12 |
| Online Directed Online Learning and Independent Learning | 1 | 12 | 12 |
Unspecified Activities Independent Learning | 8.5 | 12 | 102 |
TOTAL | 150 hours |
Assessment
| Types | Individual or Group task | Weighting | Assesses attainment of these ULOs |
| Assignment 1 | Individual | 20-30% | 1,3 |
| Assignment 2 | Individual | 20-40% | 1,2,3,5 |
| Assignment 3 | Individual | 20-40% | 1,2,3,5 |
| Project | Individual/Group | 20-30% | 3,4,5 |
Content
This unit includes following 3 components:
- Component 1: Introduction to Risk management
- Risk contexts, perceptions and paradigms
- Risk identification process, techniques and tools
- Risk analysis methods, techniques and tools
- Risk evaluation and treatment
- Risk communication and documentation
- Component 2: Risk Management in Construction Projects and Due Diligence for Infrastructure Developments
- Risk Management in Construction Projects – Part 1
- Risk categories in project-based industries
- Risk breakdown structure integration with work, resource, and location breakdown structures for project management
- Identifying and analysing project risks
- Risk Management in Construction Projects – Part 2
- Prevention and mitigation of project risks
- Recording and reporting project risks
- Software tools for project risk management
- Due diligence studies for large projects and infrastructure developments
- Introduction to due diligence
- Vulnerability assessment
- Precautionary analysis
- Due diligence study based feasibility analysis and strategic decisions for large projects and infrastructure developments
- Risk Management in Construction Projects – Part 1
- Component 3: Risk Management in Business Process and Operations of Engineering Industries
- Fundamentals of dependability and reliability
- Hazard analysis of machineries and engineering operations
- Risk assessment for business process and technical operations in engineering industries
- Software tools and systems for risk management in engineering industries
Study resources
- Reading materials.
Reading materials
A list of reading materials and/or required texts will be made available in the Unit Outline.