Outline

Overview

Project risk management is the process of identifying, analysing and responding to any risk that arises over the life cycle of a project to help the project remain on track and meet its goal. The aim of this Unit of 高清福利片 is to develop students' understanding and ability in applying risk management skills in project environments, such as: establishing risk management plans, policies, aligning them with the business strategy and integrating them with other project plans, and with the organisation; simulating the potential effects of risks on schedule, cost and other performance dimensions using sensitivity analysis, decision tree analysis and simulation techniques; and monitoring and controlling risks and actions to achieve project objectives and the business case.听

Unit details and rules

Academic unit	Project Management
Credit points	6
Prerequisites ?	None
Corequisites ?	None
Prohibitions ?	PMGT6891
Assumed knowledge ?	None
Available to study abroad and exchange students	Yes

Teaching staff

Coordinator	Amela Peric, amela.peric@sydney.edu.au
Lecturer(s)	Amela Peric, amela.peric@sydney.edu.au

Type	Description	Weight	Due	Length
Participation	Discussion forum Short submission based on case	10%	Multiple weeks	4 discussion forums worth 2.5 each
Outcomes assessed:
Assignment	Group assignment Group assignment based on case study.	30%	Week 06 Due date: 08 Sep 2024 at 23:59	Approx. 15 pages not including appendix.
Outcomes assessed:
Presentation	Group presentation Reflective presentation on case study.	20%	Week 11 Due date: 20 Oct 2024 at 23:59	10min presentation + ppt slides.
Outcomes assessed:
Assignment	Individual assignment The individual assignment covers the main topic areas from the course.	40%	Week 13 Due date: 03 Nov 2024 at 23:59	4 pages (one page per question)
Outcomes assessed:
= hurdle task ? = group assignment ?

Assessment summary

Group assignment (30% written and 20% presentation) is designed to give you some practical exposure to some of the techniques and tools. Both assignments will be performed in teams. The assignment details and the case study used are posted separately.

Discussion forums (10%). There are also 4 online discussion forums. All students are required to participate in the discussion forums. These forums will be based around case studies where you will be asked to consider what went wrong, or in one case what went right. There is a strong tendency for technical people to focus on the obvious technical risks in projects, and not as much on the less obvious and more people focused risks. The case study discussions should give you an opportunity to explore these issues.

Take-Individual assignment (40%)) - The individual assignment will be posted online and you will have 24 hours to respond.

Detailed information for each assessment can be found on Canvas.

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高清福利片 Commitment:

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6-credit point unit, this equates to roughly 120-150 hours of student effort in total.

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*Attendance听Requirements:

Students are expected to attend a minimum of 90 percent of timetabled activities for a unit of study unless granted exception by the Dean or Head of School most concerned.听A听student may听be听determined听to听fail a unit of study because of inadequate attendance.听Alternatively, at their discretion, they may set additional assessment items where attendance is lower than 90 percent. 听Please see the听Resolutions of the Faculty - Faculty of Engineering - The University of Sydney听for further details.

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Text-matching software for Assignment Submission:

As part of the assessment process, text matching software such as Turnitin may be used to identify plagiarism and/or be used for providing feedback.

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Confidential Peer Evaluation:

As part of the group contribution assessment process, collaborative & self-peer evaluation tools (e.g. SparkPlus, CATME, etc.) may be used, either on a confidential or non-confidential basis, to understand contributions and interactions amongst group members. Marks may be adjusted for an individual team member, following on from the peer evaluation process.

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Reliability of Canvas Marks:

Canvas will be used in this unit and while key assessments听may be听submitted via Canvas, it cannot be used to determine/ predict a student鈥檚 final marks in this unit. Not all assessment results may be听visible to students听and group/team marks can听change for each individual team member based on the peer-evaluations conducted at the end of the semester.

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Recycling Assignments Not Allowed:

Recycling involves submitting (or resubmitting) your own work that has already been assessed without the permission of the lecturer of this unit, and for which you have already been given feedback. Recycling is a form of academic dishonesty and will be handled in line with the coursework policy.

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Mark Moderation:

There may be statistically defensible moderation when combining the marks from each component to ensure consistency of marking between markers, and alignment of final grades with unit outcomes.

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Workshop Participation:

It is expected that students turn on the cameras during online workshops.听Failure to do so, will result in the student being requested to show cause and failure to comply could be viewed as non-participation for assessment purposes.

Assessment criteria

Group assignment (30% written and 20% presentation) is designed to give you some practical exposure to some of the techniques and tools. Both assignments will be performed in teams. The assignment details and the case study used are posted separately.

Discussion forums (10%). There are also 4 online discussion forums. All students are required to participate in the discussion forums. These forums will be based around case studies where you will be asked to consider what went wrong, or in one case what went right. There is a strong tendency for technical people to focus on the obvious technical risks in projects, and not as much on the less obvious and more people focused risks. The case study discussions should give you an opportunity to explore these issues.

Individual assignment (40%) - The individual assignment will be given as questions to answer and have 24 hours to submit a response. You will be able to use any resources avaliable to you but must complete individually.
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The University awards common result grades, set out in the (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name	Mark range	Description
High distinction	85 - 100	听
Distinction	75 - 84	听
Credit	65 - 74	听
Pass	50 - 64	听
Fail	0 - 49	When you don鈥檛 meet the learning outcomes of the unit to a satisfactory standard.

Late Penalty:

For every calendar day up to and including ten calendar days after the due date, a penalty of 5% of the maximum awardable marks will be applied to late work. The penalty will be calculated by first marking the work, and then subtracting 5% of the maximum awardable mark for each calendar day after the due date. Example: Consider an assignment''''''''''''''''''''''''''''''''s maximum awardable mark is 10; the assignment is submitted 2 days late; and the assignment is marked as 7/10. After applying the penalty, marks will be: 7 - (0.5 x 2) = 6/10. For work submitted more than ten calendar days after the due date a mark of zero will be awarded. The marker may elect to, but is not required to, provide feedback on such work. Refer to section 7A of Assessment procedures policy available at:听

高清福利片 Commitment:

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Text-matching software for Assignment Submission:

As part of the assessment process, text matching software such as Turnitin will be used to identify plagiarism and/or be used for providing feedback.

Confidential Peer Evaluation:

Mark Moderation:

Mark moderation: There may be statistically defensible moderation when combining the marks from each component to ensure consistency of marking between markers, and alignment of final grades with unit outcomes.

For more information see .

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For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

Deduction of 5% of the maximum mark for each calendar day after the due date.
After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

Late Penalty: For every calendar day up to and including ten calendar days after the due date, a penalty of 5% of the maximum awardable marks will be applied to late work. The penalty will be calculated by first marking the work, and then subtracting 5% of the maximum awardable mark for each calendar day after the due date. Example: Consider an assignment's maximum awardable mark is 10; the assignment is submitted 2 days late; and the assignment is marked as 7/10. After applying the penalty, marks will be: 7 - (0.5 x 2) = 6/10. For work submitted more than ten calendar days after the due date a mark of zero will be awarded. The marker may elect to, but is not required to, provide feedback on such work. Refer to section 7A of Assessment procedures policy available at: http://sydney.edu.au/policies/showdoc.aspx?recnum=PDOC2012/267&RendNum=0

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

Use of generative artificial intelligence (AI) and automated writing tools

You may only use generative AI and automated writing tools in assessment tasks if you are permitted to by your unit coordinator. If you do use these tools, you must acknowledge this in your work, either in a footnote or an acknowledgement section. The assessment instructions or unit outline will give guidance of the types of tools that are permitted and how the tools should be used.

Your final submitted work must be your own, original work. You must acknowledge any use of generative AI tools that have been used in the assessment, and any material that forms part of your submission must be appropriately referenced. For guidance on how to acknowledge the use of AI, please refer to the .

The unapproved use of these tools or unacknowledged use will be considered a breach of the Academic Integrity Policy and penalties may apply.

Studiosity is permitted unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission as detailed on the .

Outside assessment tasks, generative AI tools may be used to support your learning. The contains a number of productive ways that students are using AI to improve their learning.

Learning support

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a听simple extension.鈥� The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can鈥檛 complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for听special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students,听听includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Support for students

The Support for Students Policy听reflects the University鈥檚 commitment to supporting students in their academic journey and making the University safe for students. It is important that you read and understand this policy so that you are familiar with the range of support services available to you and understand how to engage with them.

The University uses email as its primary source of communication with students who need support under the Support for Students Policy. Make sure you check your University email regularly and respond to any communications received from the University.

Learning resources and detailed information about weekly assessment and learning activities can be accessed via Canvas. It is essential that you visit your unit of study Canvas site to ensure you are up to date with all of your tasks.

If you are having difficulties completing your studies, or are feeling unsure about your progress, we are here to help. You can access the support services offered by the University at any time:

Support and Services (including health and wellbeing services, financial support and learning support)
Course planning and administration
Meet with an Academic Adviser

Weekly schedule

WK	Topic	Learning activity
Ongoing	Independent study guided by the online content and lectures. You are expected to undertake 8-10 hours per week of independent study in addition to the workshops.	Online class (100 hr)
Week 01	Introduction to Risk Standards: AS/NZS ISO 31000 and PMBoK; Definitions,terminology, process, RBS, risk plans and basics of risk management	Online class (2 hr)
Week 02	Introduction to Risk Standards: AS/NZS ISO 31000 and PMBoK; Definitions,terminology, process, RBS, risk plans and basics of risk management	Online class (2 hr)
Week 03	Overview of tools used in risk management; Interviews, questionnaires, scoring models, checklists, FMEA, Delphi, PERT, decision stress, sensitivity analysis, Monte Carlo and introduction to probability	Online class (2 hr)
Week 04	Overview of tools used in risk management; Interviews, questionnaires, scoring models, checklists, FMEA, Delphi, PERT, decision stress, sensitivity analysis, Monte Carlo and introduction to probability	Online class (2 hr)
Week 05	Approaches to dealing with risk in projects; Contingency plans (and fallback plans)	Online class (2 hr)
Week 06	Developing contingency reserves: EMV, probability, impact assessment, removing the overlap between individual risks; Project reserves: why are they used	Online class (2 hr)
Week 07	Unknown unknowns: and Black Swans or the extreme unpredictable events; Psychological errors in estimating (Kahneman and Tversky et al); Introduction to probability; Opportunity management	Online class (2 hr)
Week 08	Problem with scoring models: ways to improve; Calibration of estimators; Critical Chain scheduling; Value of additional data	Online class (2 hr)
Week 09	Modelling: decision trees, PERT and sensitivity analysis, Delphi, Monte Carlo technique	Online class (2 hr)
Week 10	Modelling: decision trees, PERT and sensitivity analysis, Delphi, Monte Carlo technique	Online class (2 hr)
Week 11	Utility theory and the organisations risk appetite; Allocation of risk between parties	Online class (2 hr)
Week 12	Risk reporting; Risk contingency usage, risk triggers; Capturing lesson learned	Online class (2 hr)
Week 13	Future of Risk Management.	Workshop (2 hr)

Attendance and class requirements

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高清福利片 commitment

Learning outcomes

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

Outcomes
Graduate qualities

At the completion of this unit, you should be able to:

LO1. Establish risk management plans, policies and integrate them with other project plans, organisation and align them to the business case.
LO2. Understand the sources of potential risks (including but not limited to political, organisational, psychological and technical risks) and to use risk management tools and techniques to identify, assess, evaluate, and prioritise risks
LO3. Simulate the potential effects of risks on schedule, cost and other performance dimensions using sensitivity analysis, decision tree analysis and simulation techniques
LO4. Track, monitor and control risks and actions to achieve project objectives and the business case
LO5. Close risks for an optimal outcome.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1	Depth of disciplinary expertise Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.
GQ2	Critical thinking and problem solving Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.
GQ3	Oral and written communication Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.
GQ4	Information and digital literacy Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.
GQ5	Inventiveness Generating novel ideas and solutions.
GQ6	Cultural competence Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.
GQ7	Interdisciplinary effectiveness Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.
GQ8	Integrated professional, ethical, and personal identity An integrated professional, ethical and personal identity is understanding the interaction between one鈥檚 personal and professional selves in an ethical context.
GQ9	Influence Engaging others in a process, idea or vision.

Outcome map

Learning outcomes	Graduate qualities
Learning outcomes

Responding to student feedback

This section outlines changes made to this unit following staff and student reviews.

Additional video / audio tutorials to help understanding of class material. Some material now marked as optional.

Additional information

Expected Conduct:

It is every student's responsibility to behave in accordance with the values and principles of mutual 颅respect between staff, students and the University 鈥� see the听Student Charter. This entails respecting all members of our diverse community and racism, sexism, ageism, dishonesty or defamation will not听be tolerated, and instances will be reported to the authorities.

Work, health and safety

The University is dedicated to ensuring that all students have equal access to learning. Students can register with Disability Services and gain access to the adjustments and services they need to succeed in their studies. Faculty Disability Liaison Officers (FDLOs)听 can provide quick advice and support specific to your learning environment.听 As a student with a disability,听Disability Services Officers听are your main point of contact. Eligibility for these services is determined on an individual needs basis, upon review of the recommendations made in your听supporting documentation听and your consultation with a Disability Services Officer.

Our students鈥� wellbeing is our highest priority. The University offers several support channels to help you find relief from current emotional distress, explore coping strategies and advice pathways for longer term solutions:

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Wellbeing support

If you would like support or to talk confidentially about any concerns that may be impacting on your academic performance or mental health and wellbeing with the Student Wellbeing team, the first step is to fill in . Once your form is received, a clinician from Student Wellbeing will call you within 1-2 business days to discuss your support needs.

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Sonder

All University of Sydney International Students have free access to Sonder, a 24/7 on-demand safety and wellbeing app, to get you the support you need whenever you need, wherever you are.

Learn more: sydney.edu.au/students/sonder.html

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Innowell

This is free to all students at the University. It is a digital platform designed to give you 24/7 on demand access to tools that assist in self-management of mental wellbeing and health and provide information about how to seek help as needed.

Learn more: sydney.edu.au/students/innowell.html

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After hours mental wellbeing support line

If you鈥檙e in Australia and require support after hours, you can contact the Mental Wellbeing Support Line by calling 1300 474 065 or by texting 0488 884 429.

The Mental Wellbeing Support Line is available after 5pm from Monday to Friday, 24 hours on Saturday and Sunday, and during University close-down periods and public holidays.

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Talk Campus

Life is full of challenges, and we want you to know that however you feel is valid. Download the Talk Campus mental health support app for free and instant access to online peer support 24/7, wherever you are in the world and in your own language:

Disclaimer

Important: the University of Sydney regularly reviews units of study and reserves the right to change the units of study available annually. To stay up to date on available study options, including unit of study details and availability, refer to the relevant handbook.

To help you understand common terms that we use at the University, we offer an .

高清福利片

Current students

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Support for students

Weekly schedule

Weekly schedule

Attendance and class requirements

高清福利片 commitment

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Additional information

Additional information

Work, health and safety

Disclaimer

On this page

Useful links

PMGT5891: Strategic Risk Management

Semester 2, 2024 [Online] - Camperdown/Darlington, Sydney

Overview

Unit details and rules

Teaching staff

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Simple extensions

Special consideration

Using AI responsibly

Support for students

Weekly schedule

Attendance and class requirements

高清福利片 commitment

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Additional information

Work, health and safety

Disclaimer

On this page

Useful links