SHE level 10 SCQF credit points 20 ECTS credit points 10 Module code MHN322297 Module Leader John Lowe School School of Science & Engineering Subject Construction and Surveying Trimester B (January start)
Summary of content Introduction to Risk Management Risk Management cycle Evaluation of risk analysis and management systems Project framework risk management Procurement and risk Value Management- Introduction to value management. Value management in practice- Analysis of value management systems
Module details Syllabus arrow_forward Risk Management Introduction to risk management - uncertainty, risk, sources of uncertainty, risk categorization and classification Risk management cycle - identification, analysis and response strategies Quantitative and qualitative methods of management Financial risk management and Public Private Partnerships. Procurement and risk Advances in risk analysis software (e.g. @ Risk) Project selection and evaluation techniques Risk Management software Value Management Introduction to Value management Leadership, construction project briefing and Group Skills - Designing to function/creativity Evaluation of alternatives Format of VM studies/relationship with other techniques - VM in UK, USA and Japan Value management workshop Best value requirements Presentation of VM study Integration of value management and risk management processes
Learning outcomes arrow_forward On completion of this module students should be able to:- 1. To critically appraise and examine investment options (A2, A3, A4, A5) 2. To analyse and synthesise risk related information (A2, B2, B4, C3, D10) 3. To isolate factors, constraints and uncertainty involved in decision making processes of a project (C1, C2, C3, B4, B5) 4. To define and evaluate functions of a project (A2) 5. To evaluate alternative client options in a project (B1, B2, B3) 6. To produce value management report (C1, C2, C6)
Teaching / learning strategy arrow_forward Lectures provide the theoretical concepts and will be supported by group work, computer simulation sessions, tutorials and independent study Learning and teaching strategies will be developed and implemented, appropriate to students' needs, to enable all students to participate fully in the module
Indicative reading arrow_forward Transferrable skills arrow_forward Application of IT in Risk Management activities (D1, D2, D3, D6, D7) Teamwork, written and oral presentation (D12, D13, D14)
Module structure Activity Total hours Lectures 22 Tutorials 11 Practicals 0 Seminars 0 Independent Learning 147 Assessment 20 Placement 0
Assessment methods Component Duration Weighting Threshold Description Course Work001 30 35 Written Coursework (2000 words) Exam002 3 70 35 Examination (3hrs)