Course Title: Manage project risk
Part B: Course Detail
Teaching Period: Term1 2025
Course Code: BUSM6659C
Course Title: Manage project risk
School: 525T Business & Enterprise
Campus: City Campus
Program: C5405 - Diploma of Project Management
Course Contact: Nick Reynolds
Course Contact Phone: +61399250791
Course Contact Email: nick.reynolds@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Sukant Arora
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
None
Course Description
In this course you will learn the skills and knowledge required to manage risks that may impact achievement of project objectives.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBPMG536 Manage project risk |
Element: |
1. Identify project risks |
Performance Criteria: |
1.1 Determine risk objectives and standards, with input from stakeholders 1.2 Establish project risk context to inform risk management processes 1.3 Identify project risks using valid and reliable risk identification methods 1.4. Classify project risks within agreed risk categories |
Element: |
2. Analyse project risks |
Performance Criteria: |
2.1 Determine risk analysis classification criteria and apply to agreed risk ranking system 2.2 Use risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities 2.3 Determine risk priorities in agreement with project client and other stakeholders 2.4 Document risk analysis outcomes for inclusion in risk register and risk management plan |
Element: |
3. Establish risk treatments and controls |
Performance Criteria: |
3.1 Identify and document existing risk controls 3.2 Consider and determine risk treatment options using agreed consultative methods 3.3 Record and implement agreed risk treatments 3.4 Update risk plans and allocate risk responsibilities to project team members |
Element: |
4. Monitor and control project risks |
Performance Criteria: |
4.1 Establish regular risk review processes to maintain currency of risk plans 4.2 Regularly monitor risk environment to identify changed circumstances impacting project risks 4.3 Determine risk responses to changed environment 4.4 Implement agreed risk responses and modify plans to maintain currency of risk treatments and controls |
Element: |
5. Assess risk management outcomes |
Performance Criteria: |
5.1 Review project outcomes to determine effectiveness of risk-management processes and procedures 5.2 Identify and document risk management issues and recommended improvements for application to future projects |
Learning Outcomes
On successful completion of this course you will have developed and applied the skills and knowledge required to demonstrate competency in the above elements.
Details of Learning Activities
The objectives of this course are to develop the foundational of skills and knowledge required to manage risks that may impact achievement of project objectives. It involves identifying, analysing, treating and monitoring project risks, and assessing risk management outcomes.
Teaching Schedule
Week |
Topic Overview and Learning Outcomes |
Assessments Due |
Week 1 |
Introduction to Risk Management & Project Risk Context |
|
Week 2 |
Identify project risks |
|
Week 3 |
Analyse project risks |
Practice Quiz |
Week 4 |
Establish Risk Treatment and Controls |
|
Week 5 |
Risk Register & Risk Management Plan |
AT1A Due (Sunday 11:59 pm) |
Week 6 |
Participate in a Meeting (Roleplay) |
|
Week 7 |
Participate in a Meeting (Roleplay) |
|
Week 8 |
Participate in a Meeting (Roleplay) |
AT1B Due (Sunday 11:59 pm) |
Week 9 |
Update the Risk Register & Risk Management Plan |
|
Week 10 |
Update the Risk Register & Risk Management Plan |
AT1C Due (Sunday 11:59 pm) |
Week 11 |
Monitor and Control Project Risks |
|
Week 12 |
Monitor and Control Project Risks |
AT2A Due (Sunday 11:59 pm) |
Week 13 |
Assess Risk Management Outcomes |
|
Week 14 |
Assess Risk Management Outcomes |
AT2B Due (Sunday 11:59 pm) |
Week 15 |
Assessments Discussion & Support |
|
Week 16 |
Unit Wrap-up Assessments Discussion & Support |
|
Week 17-18 |
Grade entry |
Pending Resubmissions Due (Week 17 Friday 11:59 PM) |
Learning Resources
Prescribed Texts
References
Other Resources
Available on Canvas
Overview of Assessment
Assessment for this course is ongoing throughout the semester. Your knowledge and understanding of course content is assessed through participation in class exercises, oral/written presentations and through the application of learned skills and insights. Full assessment briefs will be provided and can be found on CANVAS.
Assessment Tasks
AT1A: Develop Risk Management Plan
As part of this task, you will create a draft Risk Management Plan and Risk Register for the project. This involves identifying potential risks, analysing their impact and likelihood, and proposing control measures. Once complete, you will prepare an email to Managing Director and attach the draft Risk Management Plan and Risk Register for review.
AT1B: Participate in a Meeting With the Project Team and Managing Director
You will participate in a meeting led by Managing Director to discuss the Risk Management Plan and gather feedback from the project team. During the meeting, you will clarify risk-related details, address stakeholder concerns, and agree on actions required to finalise the plan.
AT1C: Prepare Meeting Documents and Update the Risk Management Plan and Register
Following the meeting, you will:
- Prepare Minutes of the Meeting
- Update the Risk Management Plan
- Update the Risk Register
AT2A: Monitor Project Risk
You will evaluate the effectiveness of staff training as a risk management treatment. Prepare a report for the CBSA General Manager, providing an honest assessment of the training’s success, including outcomes, challenges, and recommendations. This report will be submitted via an Email Template addressed to the Managing Director.
AT2B: Send Email With Instructions for Implementation of Risk Responses
Using the Email Template, you will draft an email to Retail Store Managers and copy the client's Human Resources Manager. The email will:
- Include guidelines for implementing risk responses.
- Provide deadlines for completing the two risk responses, ensuring the dates align with action timelines in the evaluation report.
Assessment Matrix
Available on Canvas
Other Information
None
Course Overview: Access Course Overview