Course Title: Manage project risk

Part B: Course Detail

Teaching Period: Term2 2021

Course Code: BUSM6372C

Course Title: Manage project risk

School: 174T School of VE Engineering, Health & Science

Campus: City Campus

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

Course Contact: Thierry Demathieu, Program Manager

Course Contact Phone: +61 3 9925 8359

Course Contact Email: thierry.demathieu@rmit.edu.au


Name and Contact Details of All Other Relevant Staff


Course Coordinator

Dario Pappalardo
Phone: +613 9925 4696

Email: dario.pappalardo@rmit.edu.au 

Appointment by email


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, simulated workplace learning, online learning via CANVAS 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

Lesson 1 Introduction/ Overview of Competency/ Establishing Context (Internal - External)


Lesson 2 Risk Identification Strategies / Categories


Lesson 3  Risk Analysis and Risk Assessment (Likelihood & Consequences)


Lesson 4 Risk Implementation (Risk Register/ Risk Control / Risk Monitoring & Treatment)


Lesson 5 Implementing improvements and managing change


Lesson 6 Risk Plan Review


Lesson 7 Implementation of changes in the work place and Presentations of Risk Management Plan


Lesson 8 Test (Risk Management Knowledge Questions)

 


Learning Resources

Prescribed Texts


References


Other Resources

AS/NZS ISO 13001: 2018 Risk Management - Principles and guidelines


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 1 Create a Risk Management Plan

Assessment 2 Review of Risk Management Plan

Assessment 3 Risk Management Knowledge Questions


Assessment Tasks

Assessment Tasks
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.

In Class Activities (Portfolio) Non Assessed – Handed out (or via Canvas) in each class from Lesson 1 to 6.
Due at the end of each class and will contribute to your portfolio. Will include direct observation and questioning
Due - Lesson 1 to 6
Oral presentation of the Risk Management Plan Due week 7.

Assessment 1 – Create a Risk Management Plan Handout – Lesson 1
- Risk Identification/ Categories, Risk Analysis / Evaluation, Risk Control / Monitoring, Risk Treatment, Risk Review
Due - Lesson 7

Assessment 2 – Review of Risk Management Plan Handout - Lesson 1
- Implementation of Risk Management Plan Improvements - Review.
Due - Lesson 7

Assessment 3 – Risk Management Knowledge Questions


Assessment Matrix

COMPETENCY ASSESSMENT MAP 


Element 

Performance criteria 

 

 

 

 

 

Assessment 

Task 1: Title 

Assessment 

Task 2: Title 

Assessment 

Task 3: Title 

1. Determine project risks  

1.1. Identify, document and analyse risks, in consultation with stakeholders and higher project authority, as the basis for risk planning 

1 

 

 

1.2. Use established risk management techniques and tools, within delegated authority, to analyse risks, assess options and recommend preferred risk approaches 

2, 3 

 

 

1.3. Develop risk management plans, secure agreement of stakeholders and communicate plans to ensure clarity of understanding and ongoing management of risk factors 

4, 5, 6 

 

 

1.4. Establish designated risk management processes and procedures to enable effective management and communication of risk events, responses and results 

4 

 

 

2. Monitor and control project risks 

2.1. Manage project in accordance with established project and risk management plans to ensure a common approach to the achievement of objectives 

7 

2 

 

2.2. Monitor progress against project plans to identify variances and recommend responses to a higher project authority for remedial action 

 

1, 2 

 

2.3. Implement agreed risk responses and modify plans to reflect changing project objectives in an environment of uncertainty 

 

3 

 

3. Assess risk management outcomes 

3.1. Review project outcomes to determine effectiveness of risk management processes and procedures 

 

4 

 

3.2. Identify and document risk issues and recommended improvements, and pass on to higher project authority for application in future projects 

 

5 

 


 


Range Statement   

 

Assessment 

Task 1: Title 

Assessment 

Task 2: Title 

Assessment 

Task 3: Title 

Risks may be: 

 

 

 

  • actual 

1 

 

2, 9 

  • likely/probable 

1 

 

2, 9 

  • perceived  

1 

 

2, 9 

  • potential 

1 

 

2, 9 

Risk management techniques and tools may include: 

 

 

 

  • calling upon personal experience and/or subject matter experts 

3 

 

16 

  • conducting or supervising qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development 

3 

 

3, 16 

  • using specialist risk analysis tools to assist in the decision-making process 

3 

 

16 

Delegated authority refers to planning and activities that may: 

 

 

 

  • be conducted routinely or as changing circumstances dictate 

 

1, 3, 4 

 

  • be done independently within broad guidance or by taking the lead of a team 

2 

3 

 

  • involve consultation with other project members, teams and internal stakeholders 

1 

 

 

  • involve the selection, use and supervision of appropriate risk management methods, tools and techniques 

3 

3, 5 

16 

Risk management processes and procedures may include: 

 

 

 

  • communication with stakeholders, dispute resolution and modification procedures 

4 

 

7, 11 

  • implementation of risk control trigger mechanisms 

4 

 

13 

  • measurement of actual progress against planned milestones 

4 

 

15, 18 

  • recording and reporting of major variance 

4 

 

18 

  • setting key milestones at significant points during the project and at completion 

4 

 

18 

Recommended responses to variations may be made: 

 

 

 

  • in consultation with project team members, section heads, project manager and stakeholders 

 

3 

 

  • independently or with higher project authority endorsement if necessary 

 

3 

 

  • regularly throughout the project life cycle 

 

1, 3, 4 

 

  • taking into account internal organisational change and external environmental change 

 

3 

 

  


Required Skills   

 

Assessment 

Task 1: Title 

Assessment 

Task 2: Title 

Assessment 

Task 3: Title 

literacy skills to write risk management plans 

2, 3, 4, 5, 7 

 

 

problem-solving skills to control risks 

4, 5 

 

 

lateral thinking skills to identify risks 

1 

 

 

planning and organisational skills to monitor project progress 

 

1, 3, 4 

 

analytical skills to review project outcomes in terms of risk management. 

 

4 

 


 


Required Knowledge   

 

Assessment 

Task 1: Title 

Assessment 

Task 2: Title 

Assessment 

Task 3: Title 

risk management framework  

 

 

1, 2, 4, 7, 8, 9, 10, 11, 12, 13, 14, 15, 17, 18, 19, 20 

risk management techniques, tools and approaches. 

 

 

3, 5, 6, 16 

 


 


Critical Aspects of Evidence 

Describe how assessments meet the critical aspects of evidence 

A person who demonstrates competency in this unit must be able to provide evidence of the ability to: 

 

  • demonstrated evidence of effective risk management for multiple complex projects 

AT1, AT2 

  • knowledge of risk management techniques, strategies and tools. 

AT1, AT2, AT3 

 

  


Context of and specific resources for assessment 

Describe how assessments meet the context of and specific resources for assessment 

Assessment must ensure: 

 

  • access to workplace risk management documentation 

AT1, AT2 

  • consideration of feedback from project stakeholders as to how risks were managed. 

AT2 

 

Other Information

Credit Transfer and/or Recognition of Prior Learning (RPL):
You may be eligible for credit towards courses in your program if you have already met the learning/competency outcomes through previous learning and/or industry experience. To be eligible for credit towards a course, you must demonstrate that you have already completed learning and/or gained industry experience that is:

  • Relevant
    •   Current
    •   Satisfies the learning/competency outcomes of the course

Please refer to http://www.rmit.edu.au/students/enrolment/credit to find more information about credit transfer and RPL.
 

Study and learning Support: 

Study and Learning Centre (SLC) provides free learning and academic development advice to you. 
Services offered by SLC to support your numeracy and literacy skills are: 

assignment writing, thesis writing and study skills advice 
maths and science developmental support and advice 
English language development 

Please Refer http://www.rmit.edu.au/studyandlearningcentre to find more information about Study and learning Support 

Equitable Learning Services (ELS):

If you are suffering from long-term medical condition or disability, you should contact Equitable Learning Services (ELS) to seek advice and support to complete your studies.
Please refer to https://www.rmit.edu.au/students/support-and-facilities/student-support/equitable-learning-services to find more information about services offered by Equitable Learning Services (ELS).

Late submission: 

If you require an Extension of Submittable Work (assignments, reports or project work etc.) for 7 calendar days or less (from the original due date) and have valid reasons, you must complete and lodge an Application for Extension of Submittable Work (7 Calendar Days or less) form and lodge it with the Senior Educator/ Program Manager. 
The application must be lodged no later than one working day before the official due date. You will be notified within no more than 2 working days of the date of lodgment as to whether the extension has been granted. 
If you seek an Extension of Submittable Work for more than 7 calendar days (from the original due date) must lodge an Application for Special Consideration form under the provisions of the Special Consideration Policy, preferably prior to, but no later than 2 working days after the official due date. 

Submittable Work (assignments, reports or project work etc.) submitted late without approval of an extension will not be accepted or marked. 


Special consideration: 

Please Refer http://www.rmit.edu.au/students/specialconsideration to find more information about special consideration 

Plagiarism: 

Plagiarism is a form of cheating and it is very serious academic offence that may lead to expulsion from the University. 

Please Refer: www.rmit.edu.au/academicintegrity to find more information about plagiarism. 

Other Information: 

All email communications will be sent to your RMIT email address and you must regularly check your RMIT emails.

Course Overview: Access Course Overview