PROJECT MANAGEMENT AND RISK

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N322800
Module Leader Taylor Bourne
School Glasgow School for Business and Society
Subject Risk
Trimester
  • A (September start)

Pre-Requisite Knowledge

240 credit points at levels 1 and 2 or equivalent in a related/relevant subject area

Summary of Content

The aim of this module is to develop students' understanding of the role and purpose of risk management in the effective management of projects. Risk is increasing with more complex projects. The management of risk is the organized process of identifying and quantifying risk, determining risk responses, and controlling risks. The project manager must have the analytical ability to closely examine and assess the risks of each project and take the necessary steps to mitigate the risks without compromising the integrity of the project. This module examines the full range of topics associated with the field of project management. The module will provide the student with a structured approach for assessing and managing a wide variety of project risks. It offers a proven methodology for systematically identifying, prioritizing, and mitigating risks throughout a project's life cycle. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission

Syllabus

-360b7 Introduction to project management and overview of risk management b7 The project definition b7 Planning--work breakdown procedures, assigning resources, precedence, project scheduling, resource availability and team building b7 Risk types and classification b7 Certainty, risk and uncertainty b7 Methods for identifying and prioritising risk b7 Methods and techniques for risk analysis b7 Risk mitigation strategies b7 Monitoring and control b7 Risk communication and culture

Learning Outcomes

On successful completion of this module, the student should be able to:1. Understand the function and basic language of the project manager2. Evaluate the rationale and purpose of project requests3. Define and schedule the tasks required to complete a project 4. Discuss how to acquire and assign the resources required for completion of a project5. Monitor and take actions necessary to successfully complete a project6. Prepare a risk management plan to guide a risk approach7. Use multiple techniques to identify and document risks8. Estimate and characterise the impact and timing of risks on projects9. Monitor and control identified and emerging risks10.Communicate risks effectively to all project stakeholders11. Integrate risk management techniques and results into a balanced project management approach

Teaching / Learning Strategy

The learning outcomes for this module are based upon lectures which provide students with the essential knowledge of the key topic areas. These are supplemented by tutorials, which allow the application and deeper discussion of these topic areas. Students are required, either individually or in groups, to make a short seminar presentation. This presentation will require them to conduct some independent research of a range of literature sources.

Indicative Reading

-567 Books and articles: -360b7 A module reader will be provided. -360b7 Hilson, D. & Simon, P. (2012), Practical Project Risk Management, Management Concepts. b7 Chapman, C. & Ward, S. (2011), How to Manage Project Opportunity and Risk: Why Uncertainty Management Can be a Much Better Approach Than Risk Management, John Wiley and Sons -360b7 Hillson, D. (2009), Managing Risk in Projects (Fundamentals of Project Management), Gower Publishing. -360b7 Kendrick, T. (2009), Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project, American Management Association. b7 Chapman, C. & Ward, S. (2003), Project Risk Management: Processes, Techniques and Insights, John Wiley and Sons b7 Lock, D. (2007), The Essentials of Project Management, Gower Publishing. b7 Murray-Webster, R. (2010), Management of risk: guidance for practitioners (Office of Government Commerce), Stationery Office. b7 Project Management Institute (2013), A Guide to the Project Management Body of Knowledge (Pmbok Guide) - 5th Edition, Project Management Institute. Online Association of Project Management- <http://www.apm.org.uk/> Project Management Institute- <https://www.pmi.org.uk/> Project Smart- <http://www.projectsmart.co.uk/> Project Management Informed Solutions- <http://www.pmis.co.uk/> JISC- <http://www.jisc.ac.uk/fundingopportunities/projectmanagement/> JISCINFONET- <http://www.jiscinfonet.ac.uk/infokits/risk-management/> Online PM book <http://bccampus.pressbooks.com/projectmanagement/> Holland and Holland- <http://www.successful-project-management.com/project-risk-management.html> Method 123- <http://www.method123.com/> Max's (Project Management Wisdom)- <http://www.maxwideman.com/> Project Perfect-<http://www.projectperfect.com.au/> ISACA- <http://www.isaca.org/> Mind Tools- <http://www.mindtools.com/pages/main/newMN_PPM.htm> Online PM Book- <http://www.hraconsulting-ltd.co.uk/project-management-book-0001.htm> The project Management Hut- <http://www.pmhut.com/> Project News Today- <http://projectnewstoday.com/> PM Perspectives - <http://www.pmperspectives.org/>

Transferrable Skills

By the end of this module students will have gained competence in the following key areas:This module will evolve necessary professional and analytical skills pertaining to project risk management. As well as the achievement of the learning outcomes students will also develop personal transferrable skills in report wrting, self management, group work, case study analysis, problem solving and critical thinking.

Module Structure

Activity Total Hours
Assessment (FT) 44.00
Seminars (FT) 11.00
Tutorials (FT) 11.00
Lectures (FT) 22.00
Independent Learning (FT) 112.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 50.00 35% Individual report 2000 words
Course Work 02 n/a 50.00 35% Individual Essay 2500 words