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Unit of study_
OPMG6891: Risk Dynamics and Resilience
2024 unit information
Projects are inherently uncertain as they require planning in the present for action to be taken in the future. Such uncertainty gives rise to both risk and opportunity. This unit of study provides a broad and contemporary coverage of the dynamic nature of risk and the need for project and organisational resilience to deal with risk and benefit from opportunity. Against a background of risk management theory, industry standards and practice, students will be provided with opportunities to reflect upon and share their experiences as a basis for developing their skills in identifying and dealing with project risk and making informed decisions aligned with organisational strategy and risk appetite. Integrated qualitative and quantitative approaches for identification, analysis, prioritisation, mitigation, monitoring and response to risk will be covered. Assessment will include opportunities to draw upon work based examples.
Unit details and rules
Managing faculty or University school:
Project Management
| Code | OPMG6891 |
|---|---|
| Academic unit | Project Management |
| Credit points | 6 |
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Prerequisites:
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None |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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PMGT5891 or PMGT6891 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. Develop and implement a risk and opportunity management framework.
- LO2. Select strategies and implement response plans to address risks and opportunities.
- LO3. Evaluate and monitor risks, opportunities and implemented responses.
- LO4. Simulate the potential effects of risks on schedule, cost and other performance dimensions using various techniques.
- LO5. Track, monitor, control and close risks & actions to achieve project objectives & the business case.
- LO6. Appraise sources of potential risks and opportunities using risk management tools & techniques for identification, assessment, evaluation and prioritisation.
Unit availability
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There are no availabilities for previous years.
Modes of attendance (MoA)
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