Course Title: Manage project risk
Part B: Course Detail
Teaching Period: Term1 2022
Course Code: BUSM6372C
Course Title: Manage project risk
Important Information:
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.
Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
School: 530T Built Environment and Sustainability
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
In this course you will cover 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
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
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: |
|
|
|
|
1 |
|
2, 9 |
|
1 |
|
2, 9 |
|
1 |
|
2, 9 |
|
1 |
|
2, 9 |
Risk management techniques and tools may include: |
|
|
|
|
3 |
|
16 |
|
3 |
|
3, 16 |
|
3 |
|
16 |
Delegated authority refers to planning and activities that may: |
|
|
|
|
|
1, 3, 4 |
|
|
2 |
3 |
|
|
1 |
|
|
|
3 |
3, 5 |
16 |
Risk management processes and procedures may include: |
|
|
|
|
4 |
|
7, 11 |
|
4 |
|
13 |
|
4 |
|
15, 18 |
|
4 |
|
18 |
|
4 |
|
18 |
Recommended responses to variations may be made: |
|
|
|
|
|
3 |
|
|
|
3 |
|
|
|
1, 3, 4 |
|
|
|
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: |
|
|
AT1, AT2 |
|
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: |
|
|
AT1, AT2 |
|
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