BUSM 7082 Risk Management and Decision Making
Credit Points 10
Legacy Code 301192
Coordinator Srinath Perera Opens in new window
Description This unit introduces decision theory, concepts and techniques applicable in managing projects. These techniques provide the basis for understanding project risks. The risk management process is reviewed in detail and dynamics of applying it in specialisation domains is discussed. The unit also analyses the concept of value and how value management is applied in managing projects. The different approaches of applying value management in different specialisations are discussed.
School Eng, Design & Built Env
Discipline Business and Management, Not Elsewhere Classified.
Student Contribution Band HECS Band 4 10cp
Level Postgraduate Coursework Level 7 subject
Students must be enrolled in program 3752 Master of Project Management.
On successful completion of this subject, students should be able to:
- Understand and apply decision theory and techniques in the context of projects.
- Understand the concept of risk and the process of risk management.
- Evaluate risks applicable in executing projects.
- Analyse value characteristics applicable to products, processes and projects using the concept of value.
- Critically evaluate the value of the business case and apply value management techniques to enhance value.
Decisions Making theory and techniques
Risk and Uncertainty
Risk Management Process
Risk response strategies
Introduction to Value management
Value management process
Applications of Value Management
The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.
|Report (Decision Making and Risk)||2000 words||20||N||Individual|
|Case Study (Risk Management)||2000 words||20||N||Individual|
|Report and Presentation||4000 words report and 15 minute presentation||60||Y||Both (Individual & Group)|
Parramatta City - Macquarie St
Subject Contact Srinath Perera Opens in new window