Course Title: Manage project risk

Part B: Course Detail

Teaching Period: Term1 2012

Course Code: BUSM6372C

Course Title: Manage project risk

School: 130T Vocational Engineering

Campus: City Campus

Program: C5256 - Diploma of Building and Construction (Building)

Course Contact: Program Manager

Course Contact Phone: +61 3 9925 4338

Course Contact Email: vocengineering@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Nominal Hours: 40

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

Nil

Course Description

This unit describes the performance outcomes, skills and knowledge required to manage risk within a project to avoid adverse effects on project outcomes. It covers determining, monitoring and controlling project risks, and assessing risk management outcomes. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBPMG508A Manage project risk

Element:

1. Determine project risks

Performance Criteria:

1.1 Identify, document and analyse risks, in consultation with stakeholders and higher project authority, as the basis for risk planning
1.2 Use established risk management techniques and tools, within delegated authority, to analyse risks, assess options and recommend preferred risk approaches
1.3 Develop risk management plans, secure agreement of stakeholders and communicate plans to ensure clarity of understanding and ongoing management of risk factors
1.4 Establish designated risk management processes and procedures to enable effective management and communication of risk events, responses and results

Element:

2. Monitor and control project risks

Performance Criteria:

2.1 Manage project in accordance with established project and risk management plans to ensure a common approach to the achievement of objectives
2.2 Monitor progress against project plans to identify variances and recommend responses to a higher project authority for remedial action
2.3 Implement agreed risk responses and modify plans to reflect changing project objectives in an environment of uncertainty

Element:

3. Assess risk management outcomes

Performance Criteria:

3.1 Review project outcomes to determine effectiveness of risk management processes and procedures
3.2 Identify and document risk issues and recommended improvements, and pass on to higher project authority for application in future projects


Learning Outcomes


Refer to elements.
 


Details of Learning Activities

Students will learn through a number of planned activities (face to face classes, workplace/site visits, simulated workplace learning, online learning via blackboard and other forms of structured teaching and learning). Students will be observed and assessed through their planned activities throughout the duration of the course.


Teaching Schedule

SemesterTopic Content Delivery
1 and 2

Introduction to Risk Management

Risk Management Plan

Clients needs

Benefits of risk management

Disputes

Contract disputes

Risk decision making

Techniques to manage risk

Human Factors in risk - Psychology of risk

Contractor’s risk

Assess risk management outcomes

 

 

 


Learning Resources

Prescribed Texts


References

AS/NZS 4360:2004 RISK MANAGEMENT.

HB 436:2004  RISK MANAGEMENT
GUIDELINES  Companion to AS/N1S4360:2004 
 
Risk Management Guide for Small Business (NSW) or similar teacher, to advise.


Other Resources


Overview of Assessment

Assessment will incorporate a variety of methods including written,oral, practical tasks and activities. You will be asked to personally demonstrate to your teacher/assessor the practical skills gained during this course to the relevant industry standards. Assessment activities will occur throughout this course and feedback will be provided at regular intervals.

Assessment Tasks

Students must pass each of the following assessment tasks to demonstrate competent.

Assessment

Weight

Assessment 1

In Class Assessment (Portfolio)

30%

Assessment 2

Assessment 1 Part A - Create a Risk Management Plan

40%

Assessment 3

Assessment 1 Part B - Review of Risk Management Plan

20%

Assessment 4

Assessment 2 – Oral Presentation of Plan

10%

These tasks assesses the following Course Learning Outcomes (CLOs):

Assessment Mapping Matrix

Element / Performance Criteria Covered

Assessment 1

Assessment 2

Assessment 3

Assessment 4

1.1

 X

 X

 

 

1.2

 X

 X

 

 

1.3

 X

 X

 

 

1.4

 X

 X

 

 

2.1

 X

 X

 X

 X

2.2

 X

 X

 X

 X

2.3

 X

 X

 X

 X

3.1

 X

 

 

 X

3.2

 X

 

 

 X

To be deemed competent you must demonstrate an understanding of all aspects required of the competency. Assessment methods have been designed to measure your achievement of each competency in a flexible manner over multiple tasks.


Assessment Tasks

This course is conducted in a cluster with Manage Construction Works, Manage Project Quality and OH and S Risk Management. A person studying in this course should refer to the Course Guide for Manage Construction Works for assessment task information.

Assessments used in this cluster of courses are designed for the student to demonstrate competence in the elements of this course.

Under special circumstances extension to assessment may be granted. Students are to follow RMIT Special Consideration Policy found in RMIT Policies and procedures link http://www.rmit.edu.au/browse;ID=3g3whh1vttr0z;STATUS=A;SECTION=19;PAGE_AUTHOR=Chancellery


Assessment Matrix

Other Information

Clustered Courses:

Manage Project Risk, Manage Construction Works, Manage Project Quality and OH and S Risk Management are conducted as clustered courses. Refer to Assessment Tasks above for additional information. .

Competency requirements and Grading:

To be deemed competent students must demonstrate an understanding of all elements of a competency. Assessment methods have been designed to measure achievement of each competency in a flexible manner over multiple tasks.

Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met. Observation of students performing work is used to confirm competency.

All assessments for this course must be completed to achieve CP (Competent with Pass) to pass this course. In any assessment 50% equates to being Competent with Pass.
Higher gradings are available. The final grade for the course is calculated taking into account the weighting given to the separate assessments.

Gradings available are:
CP - 50 to 59 - Competent with Pass, CC - 60 to 69 - Competent with Credit, CDI - 70 to 79 - Competent with distinction, CHD - 80 to 100 - Competent with High Distinction. NYC - 0 to 49 - Not Yet Competent

Course Overview: Access Course Overview