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Unit of study_
CHNG3806: Risk Management for Chemical Engineering
This unit of study aims to develop an appreciation of project and risk management practice of process systems for chemical and process engineering. It employs a holistic approach to management covering vital concepts in project management, technical risk assessment and decision making, economic evaluation and financial risk assessment, and project design optimization. It provides students with the experience and working knowledge to solve real world engineering problems in process-led and product-driven industries. By the end of this unit of study a student should be competent in: preparing a resume for use in employment applications; developing project work plans in conjunction with project management schedules; performing economic evaluations of projects, plans and processes; performing qualitative and quantitative risk assessments of projects, plans and processes; exploring optimization of complex processes under risk and uncertainty, covering unit operations, business units, enterprises and value chains.
| Code | CHNG3806 |
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| Academic unit | Chemical and Biomolecular Engineering |
| Credit points | 6 |
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Prerequisites:
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CHNG2801 and CHNG2802 and CHNG2803 and CHNG2804 and CHNG2806 |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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Enrolment in this unit of study assumes that all core 2000 level chemical engineering units have been successfully completed |
At the completion of this unit, you should be able to:
- LO1. describe and appreciate the implications of major hazard facility
- LO2. perform qualitative risk assessment of projects using rapid ranking
- LO3. perform detailed review of process design using Hazop technique.
- LO4. perform a quantitative risk assessment of projects
- LO5. estimate project costs from the flowsheet design
- LO6. understand the implications of depreciation and tax in project costing
- LO7. perform basic economic evaluation of projects and optimise design
- LO8. understand the economies of scale in projects
Unit outlines
Unit outlines will be available 2 weeks before the first day of teaching for the relevant session.
- Semester 2, 2024 [Normal day] - Camperdown/Darlington, Sydney
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