Course Title: Risk Management

Part A: Course Overview

Course Title: Risk Management

Credit Points: 12

Course Code




Learning Mode

Teaching Period(s)


City Campus


325H Property, Constr & Proj Mgt


Sem 2 2006,
Sem 2 2007,
Sem 2 2008,
Sem 2 2009,
Sem 2 2010

Course Coordinator: Dr Tayyab Maqsood

Course Coordinator Phone: +61 3 99253916

Course Coordinator

Pre-requisite Courses and Assumed Knowledge and Capabilities

Completion of the first two years of the program

Course Description

This course aims to:
• demonstrate the concepts of risk in the management of projects;
• explore the principles and processes of systematic risk management;
• show how these principles and processes can be applied in a project environment; and.
• demonstrate the principles of economic evaluation of projects, and the ways in which financial risk can be assessed.

Objectives/Learning Outcomes/Capability Development

Capabilities developed in this course will be further developed in semesters 6 – 8 of the program.

Capabilities in this course build on those formerly developed in the following courses:
• Residential Design and Measurement
• Residential Valuation
• Property Economics

Capabilities in this course will be developed concurrently in the following courses.
• Investment Evaluation

Capabilities in this course will be developed subsequently in the following courses.
• Property Development
• Property Administration
• O H & S
• Leadership/Teams
• Advanced Project Management

The specific graduate capabilities that will be addressed, further developed and refined in this course are:

Evidenced based practice, specifically
2.3 put actions into a global context
2.5 adapt to changing methods, technology, practice and contexts
2.6 monitor and interpret the impact of changes
Communication, specifically:
4.1 communicate to a range of stakeholders
4.2 ask questions and listen to others
4.3 gather and synthesise information from a range of sources
Strategic thinking, specifically:
5.1 adopt a professional attitude and strategy
5.3 link strategic thinking with operational action
5.4 deal with changing circumstances
Risk management, specifically:
8.1 recognise and appreciate levels of risk based on legal and legislative frameworks
8.2 assess and manage risk in a proactive manner

At the end of the course students will be able to:
• understand the concepts of risk in the management of projects;
• carry out systematic risk management;
• apply the principles of risk managment in a project environment; and
• develop skills in the use of related risk and decision making softwares.

Overview of Learning Activities

Students will gain an appreciation and understanding of ‘risk’ management as per the study program. Students learning experiences will be gained through lectures and workshop exercises.

Overview of Learning Resources

As per attached list

Overview of Assessment

For any designated module in a course you must achieve:
• 50% overall,
• at least 40% in the assessment allocated to assignment work or class tests.
• at least 40% in assessment allocated to examinations. If you fail a module, designated by the course guide, you will be deemed to have failed the whole course and will have to repeat it.