Summary of content

This module operates an overall 50% pass rate.

The management of risk on international construction projects including methodologies for risk identification, analysis, acceptance and transfer are vital elements to the success of a project. The module will analyse the management of physical, financial and contractual issues using hypothetical and live projects to place the topic in context. Another element to the success of a project is the understanding of the value requirements of the client. Value Management is a pro-active, creative, team orientated exercise that maximises the functional value of a project by managing its development from concept to use by reference to the value requirements of the client. The module will examine the practice of value management and value engineering internationally, the use of teams and facilitation, the discovery and structuring of information and the client's value system, functional analysis, creativity and evaluation methodologies. The module will relate the theory of value management and value engineering to construction project briefing, evolving procurement strategies, supply chain management and partnering.

Module structure

Assessment methods