2018 Unit Profile

Unit Code PRM550

Unit Title Project Risk Management

Provider Curtin University

Unit Type PGRD

Level of Study Postgraduate

EFTSL 0.125

Delivery Method Fully Online

Unit Overview Analyse the concepts and theories of risk and uncertainty. Use tools and techniques to apply
the project risk management processes of identification, analysis and treatment. Apply
quantitative risk analysis techniques of sensitivity analysis and the Monte Carlo simulation.
Review the concepts of bias, risk communication, risk attitude and opportunity management.

Please Note: If its your first time studying a Curtin University unit youll need to complete their
compulsory Academic Integrity Program. It only takes two hours to complete online, and
provides you with vital information about studying with Curtin University. The Academic Integrity
Program is compulsory, so if its not completed your unit grades will be withheld.

Find out more about the Academic Integrity module.

Topics 1. Risk - Introduction & Definition

2. Risk - Components & Classification
3. Introduction, Context, Identification
4. Qualitative Risk Analysis
5. Risk Treatment
6. Opportunity Management
7. Quantitative Risk Analysis - Sensitivity Analysis
8. Quantitative Risk Analysis - Introduction to Statistics
9. Quantitative Risk Analysis - Probability Theory
10. Quantitative Risk Analysis - Probability Distributions
11. Quantitative Risk Analysis - Monte Carlo Simulation
12. Contingency
13. Quantitative Risk Analysis - Decision Tree
14. Project Risk Management: Issues
15. Risk Attitude - Utility Theory
16. Judgement Under Uncertainty: Bias
17. Risk Communication
18. Event & Fault Tree

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 2018 Unit Profile

Learning Outcomes At the completion of this unit students will be able to:

1. create a risk management plan for an authentic project

2. apply quantitative risk analysis using specialist software to create a cost model, and evaluate
and analyse the results
3. recognise the concepts of risk and project risk management
4. evaluate and reflect upon a personal risk experience through a risk management theoretical
perspective.

Assessment - Assignment - Risk Management Plan (40%)

- Report - Project Budget (40%)
- Test - 4 tests (20%)

Textbooks More information on your prescribed textbook will be coming soon. Please check back regularly
for updates.

Prerequisites

Special
Requirements

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