CIVIL 716 – ENGINEERING RISK MANAGEMENT (15 Points, SC 2013) COURSE CO-ORDINATOR: Suzanne Wilkinson (Room 1.1011, ext 88184) LECTURE TIMES: Tuesday 12.00-2.00 Room T029 PHILOSOPHY: This is an online course. Readings will be given each week via the University course management programme Cecil. Students are expected to read the material and answer the associated worksheet questions. For all students there will be optional contact weeks, where topics will be debated in the group. There will also be industry guest speakers to provide context to your risk management study. The course covers a broad based understanding of the critical elements of risk and risk management within the construction and engineering industry. Key elements include risk identification, analysis, treatment and evaluation. The course is designed to have a practical flavour, both in the discussion of risk management approaches as well as in the conduct of worksheets and assignments designed to give participants the tools they need to effectively manage risk. LABORATORIES: No laboratory work will be required ASSESSMENT: worksheet 1 – 10% worksheet 2 – 10% worksheet 3 – 10% worksheet 4 – 10% Assignment 1 – 30% Assignment 2 – 30% Hand-in time for assignments: Worksheets are due by 5.00pm on the Friday of each week specified Assignments are due by 5.00pm on the Friday of the specified week LEARNING OBJECTIVES: By the end of this course, the student should: have a general understanding of the critical elements of risk and risk management within the engineering industry be able to apply the sequential steps of Risk Management be able to apply their learnt knowledge and techniques into the real world projects to effectively manage risk COURSE OUTLINE: Week 1 Topic Introduction to Project Risk Management, The Risk Management Process 2 3 4 5 6 7 8 9 10 11 12 Identify Risks Risk Analysis Risk Evaluation Risk Case Study Risk Treatment Risk Case Study Risk Response Documentation Risk Monitoring, Reviewing, Control Risk Management Software Risk Case Study Risk management overview Comments Introduction week worksheet 1 due worksheet 2 due Assignment 1 due worksheet 3 due worksheet 4 due Assignment 2 due TEXTS: AS/NZS 4360: 2004 Risk Management, Standards New Zealand NZS HB 436:2004 Risk Management Guidelines, Standards New Zealand Bowden, Lane, Martin, Triple Bottom Line Risk Management, John Wiley & Sons, 2001 Risk Management websites: International Risk Management Institute: www.irmi.com American Risk and Insurance Association: www.aria.org The Universal Manager UK: www.universal-manager.co.uk Health and Safety Executive UK risk management: www.hse.gov.uk/risk/index.htm The Institute of Risk Management (IRM): www.theirm.org The New Zealand Society for Risk Management: www.risksociety.org.nz