Course Title: Manage project risk
Part B: Course Detail
Teaching Period: Term1 2024
Course Code: BUSM6659C
Course Title: Manage project risk
School: 525T Business & Enterprise
Campus: City Campus
Program: C5405 - Diploma of Project Management
Course Contact: Nick Reynolds
Course Contact Phone: +61399250791
Course Contact Email: nick.reynolds@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Sukant Arora
sukant.arora@rmit.edu.au
Nominal Hours: 40
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
None
Course Description
In this course you will learn the skills and knowledge required to manage risks that may impact achievement of project objectives.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBPMG536 Manage project risk |
Element: |
1. Identify project risks |
Performance Criteria: |
1.1 Identify risk objectives and standards, with input from stakeholders 1.2 Identify project risk context to inform risk management processes 1.3 Identify project risks using valid and reliable risk identification methods |
Element: |
2. Analyse project risks |
Performance Criteria: |
2.1 Identify risk analysis classification criteria and apply to agreed risk ranking system 2.2 Use risk analysis processes, within delegated authority, to analyse and qualify any risks, threats and opportunities 2.3 Identify risk priorities in agreement with project client and other stakeholders 2.4 Document risk analysis outcomes for inclusion in risk register and risk management plan |
Element: |
3. Establish risk treatments and controls |
Performance Criteria: |
3.1 Identify and document existing risk controls 3.2 Analyse risk treatment options using agreed consultative methods 3.3 Record and implement agreed risk treatments 3.4 Update risk plans and allocate risk responsibilities to project team members |
Element: |
4. Monitor and control project risks |
Performance Criteria: |
4.1 Establish risk review processes 4.2 Monitor risk environment and identify changed circumstances impacting project risks 4.3 Evaluate risk responses to changed environment 4.4 Implement agreed risk responses and modify plans |
Element: |
5. Assess risk management outcomes |
Performance Criteria: |
5.1 Review project outcomes for effectiveness of risk-management processes and procedures 5.2 Develop recommended improvements for application in future projects 5.3 Identify and document risk management issues and recommended improvements for application to future projects |
Learning Outcomes
On successful completion of this course you will have developed and applied the skills and knowledge required to demonstrate competency in the above elements.
Details of Learning Activities
The objectives of this course are to develop the foundational of skills and knowledge required to manage risks that may impact achievement of project objectives. It involves identifying, analysing, treating and monitoring project risks, and assessing risk management outcomes.
Teaching Schedule
| Week 1 | 12-18 Feb 2024 |
Introduction to the course
Risk Identification and Analysis
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| Week 2 | 19-25 Feb |
Risk Identification and Analysis
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| Week 3 | 26 Feb - 3 Mar |
Risk Identification and Analysis
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AT1A Due (Sunday 11:59 PM) |
| Week 4 | 4-10 Mar |
Risk Identification and Analysis
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AT1B Due (Sunday 11:59 PM) |
| Week 5 | 11-17 Mar |
Risk Identification and Analysis
Risk Monitoring, Evaluation and Implementation of Risk Responses
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AT1C Due (Sunday 11:59 PM) |
| Week 6 | 18-24 Mar |
Risk Monitoring, Evaluation and Implementation of Risk Responses
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AT2A Due (Sunday 11:59 PM) |
| Week 7 | 25-31 Mar |
Unit Wrap-up Discussion & Support (Online Session) Assessment resubmissions |
AT2B Due (Sunday 11:59 PM) |
|
Mid-Semester Break 29 Mar - 7 Apr | |||
| Weeks 8 | 8-14 Apr |
Assessment resubmissions (No class) Grade Entry |
Resubmissions (Sunday 11:59 PM) |
Learning Resources
Prescribed Texts
References
Other Resources
Available on Canvas
Overview of Assessment
Assessment for this course is ongoing throughout the semester. Your knowledge and understanding of course content is assessed through participation in class exercises, oral/written presentations and through the application of learned skills and insights. Full assessment briefs will be provided and can be found on CANVAS.
Assessment Tasks
AT1A: Develop Risk Management Plan
Prepare an email to Gavin Stead and attach the draft Risk Management Plan and draft Risk Register
AT1B: Participate in a Meeting With the Project Team and Managing Director
The Managing Director, Gavin Stead, has set up a meeting with the project team.
AT1C: Prepare Meeting Documents and Update the Risk Management Plan and Register
1. Prepare the Minutes of the Meeting:
2. Update the draft Risk Management Plan (from Part B) with information obtained from and agreed at the project meeting.
3. Update the draft Risk Register (from Part B) with identified risks, analysis of each risk, risk control measures and actions for each risk. The Risk Register will be attached to an email in Part F of this Assessment Task.
AT2A: Monitor Project Risk
Develop a report for the CBSA General Manager that gives an honest evaluation of the success of staff training implemented as a risk management treatment.
Use a TM001 Email Template, which, you can download from the CBSA website, and create an email addressed to Gavin Stead, Managing Director of CBSA
AT2B: Send Email With Instructions for Implementation of Risk Responses
Use the TM001 Email Template and prepare an email to the Retail Store Managers and copy in Eco-Natural’s Human Resources Manager. In the body of the email include:
- the guidelines you have developed
- the dates for completion of the implementation of the two risk responses. The dates should be in line with any Action dates in the Evaluation Report.
Assessment Matrix
Available on Canvas
Other Information
None
Course Overview: Access Course Overview